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United Community Banks, Inc. (NASDAQ:UCBI) Shares Sold by Wellington Management Group LLP

United Community Banks logo with Finance background

Wellington Management Group LLP trimmed its position in United Community Banks, Inc. (NASDAQ:UCBI - Free Report) by 34.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,137,840 shares of the financial services provider's stock after selling 593,156 shares during the quarter. Wellington Management Group LLP owned about 0.96% of United Community Banks worth $33,293,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in UCBI. GAMMA Investing LLC purchased a new position in shares of United Community Banks in the fourth quarter valued at $72,000. SG Americas Securities LLC purchased a new stake in United Community Banks during the 4th quarter valued at $115,000. FinTrust Capital Advisors LLC lifted its position in United Community Banks by 12.5% in the fourth quarter. FinTrust Capital Advisors LLC now owns 4,493 shares of the financial services provider's stock worth $131,000 after buying an additional 500 shares during the last quarter. TFO Wealth Partners LLC boosted its stake in United Community Banks by 111,360.0% during the fourth quarter. TFO Wealth Partners LLC now owns 5,573 shares of the financial services provider's stock worth $163,000 after buying an additional 5,568 shares during the period. Finally, Strs Ohio boosted its stake in United Community Banks by 17.6% during the fourth quarter. Strs Ohio now owns 6,000 shares of the financial services provider's stock worth $175,000 after buying an additional 900 shares during the period. Hedge funds and other institutional investors own 82.29% of the company's stock.

United Community Banks Trading Down 1.4 %

UCBI stock traded down $0.34 during mid-day trading on Tuesday, reaching $24.76. The company had a trading volume of 385,172 shares, compared to its average volume of 578,560. The company has a market capitalization of $2.95 billion, a PE ratio of 16.08 and a beta of 0.92. The firm has a 50 day moving average of $25.62 and a 200 day moving average of $26.64. United Community Banks, Inc. has a 12 month low of $21.63 and a 12 month high of $30.75. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.81 and a quick ratio of 0.81.


United Community Banks (NASDAQ:UCBI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.02. United Community Banks had a return on equity of 8.02% and a net margin of 13.62%. The company had revenue of $225.80 million for the quarter, compared to analysts' expectations of $232.00 million. During the same quarter in the prior year, the firm earned $0.58 earnings per share. United Community Banks's revenue was down 6.6% compared to the same quarter last year. On average, equities analysts predict that United Community Banks, Inc. will post 2.12 earnings per share for the current fiscal year.

United Community Banks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Saturday, June 15th will be issued a $0.23 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.92 annualized dividend and a dividend yield of 3.72%. United Community Banks's payout ratio is currently 59.74%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Truist Financial cut their price target on shares of United Community Banks from $31.00 to $28.00 and set a "hold" rating on the stock in a report on Monday, April 1st. Piper Sandler reduced their price target on United Community Banks from $30.00 to $28.00 and set a "neutral" rating on the stock in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, United Community Banks has a consensus rating of "Hold" and an average price target of $30.60.

Check Out Our Latest Stock Analysis on United Community Banks

United Community Banks 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.

Further Reading

Institutional Ownership by Quarter for United Community Banks (NASDAQ:UCBI)

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