Prudential Financial Inc. lifted its holdings in United Community Banks, Inc. (NASDAQ:UCBI) by 20.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 507,272 shares of the financial services provider’s stock after purchasing an additional 84,530 shares during the period. Prudential Financial Inc. owned 0.71% of United Community Banks worth $14,478,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. American Century Companies Inc. acquired a new stake in United Community Banks during the third quarter worth about $3,981,000. Stevens Capital Management LP grew its position in United Community Banks by 72.1% during the third quarter. Stevens Capital Management LP now owns 46,970 shares of the financial services provider’s stock worth $1,341,000 after buying an additional 19,680 shares in the last quarter. Palouse Capital Management Inc. acquired a new stake in United Community Banks during the third quarter worth about $207,000. Victory Capital Management Inc. grew its position in United Community Banks by 0.4% during the third quarter. Victory Capital Management Inc. now owns 1,714,641 shares of the financial services provider’s stock worth $48,936,000 after buying an additional 6,077 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in United Community Banks during the third quarter worth about $525,000. Institutional investors and hedge funds own 87.69% of the company’s stock.
A number of equities research analysts recently weighed in on UCBI shares. SunTrust Banks reissued a “buy” rating and set a $33.00 target price on shares of United Community Banks in a research report on Thursday, October 12th. Zacks Investment Research raised United Community Banks from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Wednesday, September 27th. ValuEngine downgraded United Community Banks from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. FIG Partners raised United Community Banks from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Wednesday, August 16th. Finally, BidaskClub downgraded United Community Banks from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $31.25.
United Community Banks, Inc. (UCBI) traded down $0.27 during midday trading on Wednesday, reaching $28.20. The company’s stock had a trading volume of 219,398 shares, compared to its average volume of 398,009. 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 firm has a market capitalization of $2,130.95, a P/E ratio of 18.03 and a beta of 0.88. United Community Banks, Inc. has a 12 month low of $24.47 and a 12 month high of $30.47.
United Community Banks (NASDAQ:UCBI) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. The business had revenue of $109.35 million for 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%. United Community Banks’s revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.36 EPS. equities analysts expect that United Community Banks, Inc. will post 1.63 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 15th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, December 14th. United Community Banks’s payout ratio is currently 27.03%.
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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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