Natixis Advisors LLC lifted its position in United Community Banks, Inc. (NASDAQ:UCB - Free Report) by 55.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,010 shares of the company's stock after buying an additional 8,603 shares during the period. Natixis Advisors LLC's holdings in United Community Banks were worth $675,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of UCB. Dimensional Fund Advisors LP bought a new stake in shares of United Community Banks in the 4th quarter worth $195,766,000. Capital Research Global Investors bought a new stake in shares of United Community Banks in the 4th quarter worth $148,763,000. Earnest Partners LLC bought a new stake in shares of United Community Banks in the 4th quarter worth $113,536,000. Snyder Capital Management L P bought a new stake in shares of United Community Banks in the 4th quarter worth $61,663,000. Finally, Invesco Ltd. bought a new stake in shares of United Community Banks in the 4th quarter worth $46,960,000. Institutional investors own 82.29% of the company's stock.
Insider Buying and Selling at United Community Banks
In other news, EVP Richard Bradshaw sold 1,616 shares of United Community Banks stock in a transaction on Monday, July 28th. The stock was sold at an average price of $30.94, for a total transaction of $49,999.04. Following the transaction, the executive vice president owned 78,395 shares in the company, valued at approximately $2,425,541.30. The trade was a 2.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.43% of the company's stock.
United Community Banks Price Performance
Shares of NASDAQ UCB traded down $0.32 during mid-day trading on Friday, reaching $31.24. The company had a trading volume of 95,609 shares, compared to its average volume of 717,811. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08. The stock has a market cap of $3.80 billion, a PE ratio of 15.32 and a beta of 0.83. The company has a 50-day moving average price of $30.28 and a two-hundred day moving average price of $29.48. United Community Banks, Inc. has a 1-year low of $22.93 and a 1-year high of $35.38.
United Community Banks (NASDAQ:UCB - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.05. United Community Banks had a return on equity of 8.64% and a net margin of 16.48%. The company's revenue was up 6.1% on a year-over-year basis. On average, equities analysts anticipate that United Community Banks, Inc. will post 2.52 earnings per share for the current year.
United Community Banks Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Monday, September 15th will be issued a dividend of $0.25 per share. This is an increase from United Community Banks's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.2%. United Community Banks's payout ratio is currently 43.64%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on UCB shares. Raymond James Financial reissued a "market perform" rating on shares of United Community Banks in a research note on Tuesday, July 8th. DA Davidson boosted their price objective on United Community Banks from $34.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Keefe, Bruyette & Woods lifted their target price on United Community Banks from $32.00 to $34.00 and gave the stock a "market perform" rating in a report on Monday, July 28th. Hovde Group lifted their target price on United Community Banks from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Finally, Stephens restated an "overweight" rating and issued a $36.00 target price on shares of United Community Banks in a report on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, United Community Banks presently has a consensus rating of "Hold" and a consensus price target of $34.57.
Check Out Our Latest Stock Analysis on UCB
United Community Banks Company Profile
(
Free Report)
United Community Banks, Inc operates as the financial holding company for United Community Bank that provides financial products and services to commercial, retail, government, education, energy, health care, and real estate sectors. It accepts various deposit products, including checking, savings, money market, and other deposit accounts.
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