Swiss National Bank raised its position in shares of United Community Banks, Inc. (NASDAQ:UCBI) by 15.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,900 shares of the financial services provider’s stock after buying an additional 14,500 shares during the period. Swiss National Bank owned approximately 0.15% of United Community Banks worth $1,955,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legal & General Group Plc increased its position in United Community Banks by 14.3% in the first quarter. Legal & General Group Plc now owns 8,500 shares of the financial services provider’s stock valued at $157,000 after buying an additional 1,063 shares during the last quarter. Capstone Asset Management Co. increased its position in United Community Banks by 12.5% in the second quarter. Capstone Asset Management Co. now owns 17,615 shares of the financial services provider’s stock valued at $322,000 after buying an additional 1,960 shares during the last quarter. Arizona State Retirement System increased its position in United Community Banks by 8.0% in the first quarter. Arizona State Retirement System now owns 31,181 shares of the financial services provider’s stock valued at $576,000 after buying an additional 2,300 shares during the last quarter. Hancock Holding Co. increased its position in United Community Banks by 0.7% in the first quarter. Hancock Holding Co. now owns 542,270 shares of the financial services provider’s stock valued at $10,016,000 after buying an additional 3,510 shares during the last quarter. Finally, New York State Teachers Retirement System increased its position in United Community Banks by 3.7% in the second quarter. New York State Teachers Retirement System now owns 101,993 shares of the financial services provider’s stock valued at $1,865,000 after buying an additional 3,600 shares during the last quarter.

Shares of United Community Banks, Inc. (NASDAQ:UCBI) traded up 1.23% during mid-day trading on Wednesday, reaching $20.54. The company had a trading volume of 629,940 shares. The stock has a market capitalization of $1.45 billion and a P/E ratio of 17.38. The firm has a 50 day moving average of $20.22 and a 200-day moving average of $19.35. United Community Banks, Inc. has a one year low of $15.74 and a one year high of $22.23.

United Community Banks (NASDAQ:UCBI) last announced its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. During the same period in the previous year, the firm posted $0.32 EPS. Analysts forecast that United Community Banks, Inc. will post $1.43 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.08 per share. This is a boost from United Community Banks’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.32 dividend on an annualized basis and a yield of 1.56%.

Separately, Zacks Investment Research upgraded United Community Banks from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, May 25th.

United Community Banks Company Profile

United Community Banks, Inc is a bank holding company. The Company’s principal business is conducted by its subsidiary, United Community Bank (the Bank). The Bank is a chartered commercial bank that serves markets throughout north Georgia, coastal Georgia, the Atlanta-Sandy Springs-Roswell, Georgia and Gainesville, Georgia metropolitan statistical areas, western North Carolina, upstate South Carolina and east Tennessee.

5 Day Chart for NASDAQ:UCBI

Want to see what other hedge funds are holding UCBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Community Banks, Inc. (NASDAQ:UCBI).

Receive News & Ratings for United Community Banks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Community Banks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.