United Community Bank, Inc. (UCBI) Holdings Boosted by Comerica Bank

Comerica Bank boosted its stake in shares of United Community Bank, Inc. (NASDAQ:UCBI) by 4.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,836 shares of the financial services provider’s stock after purchasing an additional 3,607 shares during the period. Comerica Bank owned approximately 0.10% of United Community Bank worth $2,502,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of UCBI. BlackRock Inc. raised its stake in United Community Bank by 3.6% during the fourth quarter. BlackRock Inc. now owns 10,158,810 shares of the financial services provider’s stock worth $285,869,000 after purchasing an additional 352,963 shares during the period. Segall Bryant & Hamill LLC purchased a new position in shares of United Community Bank in the 4th quarter valued at $6,781,000. Assenagon Asset Management S.A. purchased a new position in shares of United Community Bank in the 4th quarter valued at $5,697,000. FSI Group LLC purchased a new position in shares of United Community Bank in the 4th quarter valued at $3,665,000. Finally, Deutsche Bank AG raised its stake in shares of United Community Bank by 96.3% in the 4th quarter. Deutsche Bank AG now owns 265,180 shares of the financial services provider’s stock valued at $7,458,000 after acquiring an additional 130,098 shares during the period. 88.35% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on the stock. BidaskClub downgraded shares of United Community Bank from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 18th. Keefe, Bruyette & Woods raised shares of United Community Bank from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 25th. Zacks Investment Research downgraded shares of United Community Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Finally, ValuEngine downgraded shares of United Community Bank from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. United Community Bank currently has an average rating of “Buy” and a consensus target price of $31.20.

Shares of United Community Bank opened at $33.41 on Wednesday, MarketBeat reports. United Community Bank, Inc. has a 52 week low of $24.47 and a 52 week high of $33.82. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $2.62 billion, a PE ratio of 20.50 and a beta of 0.89.

United Community Bank (NASDAQ:UCBI) last released its quarterly earnings results on Tuesday, April 24th. The financial services provider reported $0.50 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.50. The business had revenue of $121.90 million during the quarter, compared to analyst estimates of $127.02 million. United Community Bank had a net margin of 16.20% and a return on equity of 10.49%. The business’s revenue was up 16.3% on a year-over-year basis. During the same period last year, the business earned $0.39 EPS. equities analysts expect that United Community Bank, Inc. will post 2.22 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 5th. Investors of record on Friday, June 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.80%. This is a positive change from United Community Bank’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, June 14th. United Community Bank’s dividend payout ratio (DPR) is presently 29.45%.

United Community Bank Profile

United Community Banks, Inc operates as the bank holding company for United Community Bank that provides retail and corporate banking services to individuals and businesses. It offers various deposit accounts, such as checking accounts, savings and time deposits accounts, NOW accounts, money market deposits, and certificates of deposit.

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

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