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

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

Several other institutional investors and hedge funds have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. purchased a new stake in United Community Banks during the 4th quarter worth approximately $31,000. Public Employees Retirement System of Ohio purchased a new stake in shares of United Community Banks during the fourth quarter valued at $42,000. Versant Capital Management Inc purchased a new stake in shares of United Community Banks during the first quarter valued at $37,000. Quadrant Capital Group LLC purchased a new stake in shares of United Community Banks during the fourth quarter valued at $45,000. Finally, MassMutual Private Wealth & Trust FSB purchased a new stake in United Community Banks during the 1st quarter valued at about $45,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

United Community Banks Trading Down 1.4%

UCB stock opened at $27.50 on Wednesday. The firm has a market cap of $3.34 billion, a P/E ratio of 13.48 and a beta of 0.78. The company's 50-day simple moving average is $27.80 and its 200-day simple moving average is $30.01. 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 52-week low of $22.93 and a 52-week high of $35.38.

United Community Banks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Sunday, June 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.49%. United Community Banks's dividend payout ratio (DPR) is 45.50%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. DA Davidson dropped their price target on United Community Banks from $38.00 to $33.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Keefe, Bruyette & Woods dropped their price objective on shares of United Community Banks from $35.00 to $32.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. Hovde Group raised shares of United Community Banks from a "market perform" rating to an "outperform" rating and dropped their price objective for the company from $32.00 to $31.00 in a report on Monday, April 7th. Finally, Stephens reaffirmed an "overweight" rating and issued a $36.00 price target on shares of United Community Banks in a report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $33.14.

United Community Banks Company Profile

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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