United Community Banks, Inc. (UCBI) Holdings Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in shares of United Community Banks, Inc. (NASDAQ:UCBI) by 2.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,315,185 shares of the financial services provider’s stock after buying an additional 83,398 shares during the period. Dimensional Fund Advisors LP owned 4.52% of United Community Banks worth $94,615,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Alps Advisors Inc. lifted its stake in United Community Banks by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 16,667 shares of the financial services provider’s stock valued at $463,000 after acquiring an additional 43 shares during the period. Amalgamated Bank lifted its stake in United Community Banks by 1.5% during the 2nd quarter. Amalgamated Bank now owns 9,645 shares of the financial services provider’s stock valued at $268,000 after acquiring an additional 140 shares during the period. M&T Bank Corp increased its position in shares of United Community Banks by 6.0% during the 2nd quarter. M&T Bank Corp now owns 11,978 shares of the financial services provider’s stock valued at $334,000 after purchasing an additional 681 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of United Community Banks by 1.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 54,719 shares of the financial services provider’s stock valued at $1,522,000 after purchasing an additional 737 shares during the last quarter. Finally, Pinebridge Investments L.P. increased its position in shares of United Community Banks by 2.4% during the 2nd quarter. Pinebridge Investments L.P. now owns 47,976 shares of the financial services provider’s stock valued at $1,334,000 after purchasing an additional 1,129 shares during the last quarter. Hedge funds and other institutional investors own 87.67% of the company’s stock.

Several research firms have recently commented on UCBI. BidaskClub lowered shares of United Community Banks from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Zacks Investment Research lowered shares of United Community Banks from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a report on Saturday, January 6th. ValuEngine lowered shares of United Community Banks from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, SunTrust Banks reissued a “buy” rating and issued a $33.00 target price on shares of United Community Banks in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $31.00.

United Community Banks, Inc. (UCBI) traded up $0.07 during midday trading on Friday, hitting $30.86. The stock had a trading volume of 354,963 shares, compared to its average volume of 485,535. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.52. The company has a market cap of $2,270.00, a P/E ratio of 20.99 and a beta of 0.89. United Community Banks, Inc. has a 52-week low of $24.47 and a 52-week high of $31.37.

United Community Banks (NASDAQ:UCBI) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.41 EPS for the quarter, meeting analysts’ consensus estimates of $0.41. The firm had revenue of $109.35 million during the quarter, compared to the consensus estimate of $114.65 million. United Community Banks had a return on equity of 10.31% and a net margin of 23.09%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. equities analysts expect that United Community Banks, Inc. will post 1.63 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 15th were given a $0.10 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.40 dividend on an annualized basis and a yield of 1.30%. United Community Banks’s dividend payout ratio is presently 27.21%.

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About United Community Banks

United Community Banks, Inc (United) is a bank holding company. United conducts its operations through a community-focused operating model of separate community banks, which, as of December 31, 2016, operated at 139 locations throughout the Atlanta-Sandy Springs-Roswell, Georgia, and Gainesville, Georgia metropolitan statistical areas, upstate and coastal South Carolina, north and coastal Georgia, western North Carolina, and east Tennessee.

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

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