United Community Banks, Inc. (UCBI) Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP reduced its holdings in United Community Banks, Inc. (NASDAQ:UCBI) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,088,529 shares of the financial services provider’s stock after selling 66,815 shares during the quarter. Systematic Financial Management LP’s holdings in United Community Banks were worth $30,631,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. The Manufacturers Life Insurance Company grew its position in shares of United Community Banks by 1.4% in the second 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. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of United Community Banks by 55.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,874 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 1,741 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of United Community Banks by 0.3% in the third quarter. Ameriprise Financial Inc. now owns 716,856 shares of the financial services provider’s stock valued at $20,460,000 after purchasing an additional 1,947 shares during the last quarter. First Trust Advisors LP grew its position in shares of United Community Banks by 1.6% in the fourth quarter. First Trust Advisors LP now owns 133,732 shares of the financial services provider’s stock valued at $3,763,000 after purchasing an additional 2,099 shares during the last quarter. Finally, Comerica Bank grew its position in shares of United Community Banks by 3.4% in the third quarter. Comerica Bank now owns 77,364 shares of the financial services provider’s stock valued at $2,113,000 after purchasing an additional 2,537 shares during the last quarter. 81.06% of the stock is currently owned by institutional investors.

Shares of United Community Banks, Inc. (NASDAQ UCBI) opened at $31.90 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.81 and a quick ratio of 0.81. United Community Banks, Inc. has a one year low of $24.47 and a one year high of $32.71. The firm has a market cap of $2,523.58, a PE ratio of 19.57 and a beta of 0.91.

United Community Banks (NASDAQ:UCBI) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. United Community Banks had a net margin of 14.14% and a return on equity of 10.12%. The business had revenue of $118.24 million during the quarter, compared to analysts’ expectations of $118.26 million. During the same quarter last year, the company earned $0.40 earnings per share. The firm’s revenue was up 11.4% on a year-over-year basis. research analysts forecast that United Community Banks, Inc. will post 2.21 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 15th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, March 14th. This is a boost from United Community Banks’s previous quarterly dividend of $0.10. United Community Banks’s dividend payout ratio (DPR) is presently 42.55%.

UCBI has been the topic of several research analyst reports. Zacks Investment Research downgraded United Community Banks from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. BidaskClub downgraded United Community Banks from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. ValuEngine downgraded United Community Banks from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Keefe, Bruyette & Woods raised United Community Banks from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 25th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $31.00.

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United Community Banks Company Profile

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.

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

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