Yousif Capital Management LLC Makes New $1.25 Million Investment in United Community Banks, Inc. (NASDAQ:UCB)

Yousif Capital Management LLC acquired a new position in shares of United Community Banks, Inc. (NASDAQ:UCB - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 44,419 shares of the company's stock, valued at approximately $1,250,000.

A number of other large investors have also modified their holdings of the stock. Bank of Montreal Can acquired a new position in United Community Banks in the fourth quarter valued at $508,000. Rhumbline Advisers acquired a new position in United Community Banks in the first quarter valued at $9,816,000. Two Sigma Investments LP acquired a new position in United Community Banks in the fourth quarter valued at $281,000. Quantinno Capital Management LP acquired a new position in United Community Banks in the fourth quarter valued at $3,191,000. Finally, Focus Partners Wealth acquired a new position in United Community Banks in the fourth quarter valued at $308,000. Hedge funds and other institutional investors own 82.29% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on UCB shares. Keefe, Bruyette & Woods decreased their price objective on shares of United Community Banks from $35.00 to $32.00 and set a "market perform" rating for the company in a research note on Wednesday, April 30th. Hovde Group upgraded shares of United Community Banks from a "market perform" rating to an "outperform" rating and decreased their target price for the stock from $32.00 to $31.00 in a research note on Monday, April 7th. Stephens reiterated an "overweight" rating and set a $36.00 target price on shares of United Community Banks in a research note on Wednesday, April 23rd. Finally, DA Davidson decreased their target price on shares of United Community Banks from $38.00 to $33.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.14.

United Community Banks Price Performance

Shares of United Community Banks stock traded up $0.10 during trading on Friday, hitting $27.89. 1,232,470 shares of the company were exchanged, compared to its average volume of 665,826. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.08. United Community Banks, Inc. has a fifty-two week low of $22.93 and a fifty-two week high of $35.38. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 13.67 and a beta of 0.78. The firm has a 50 day moving average price of $28.01 and a 200 day moving average price of $29.88.

United Community Banks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Sunday, June 15th will be paid a $0.24 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.96 annualized dividend and a yield of 3.44%. United Community Banks's payout ratio is currently 45.50%.

About United Community Banks

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.