Victory Capital Management Inc. increased its position in shares of United Community Banks, Inc. (NASDAQ:UCBI) by 5.9% during the third quarter, Holdings Channel reports. The fund owned 2,433,638 shares of the financial services provider’s stock after buying an additional 136,093 shares during the period. Victory Capital Management Inc.’s holdings in United Community Banks were worth $51,155,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Sei Investments Co. increased its position in shares of United Community Banks by 137.8% in the second quarter. Sei Investments Co. now owns 5,466 shares of the financial services provider’s stock worth $100,000 after buying an additional 3,167 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of United Community Banks by 950.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 6,300 shares of the financial services provider’s stock worth $115,000 after buying an additional 5,700 shares during the last quarter. PineBridge Investments L.P. increased its position in shares of United Community Banks by 19.8% in the second quarter. PineBridge Investments L.P. now owns 8,916 shares of the financial services provider’s stock worth $163,000 after buying an additional 1,472 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of United Community Banks by 35.7% in the second quarter. Teacher Retirement System of Texas now owns 9,391 shares of the financial services provider’s stock worth $172,000 after buying an additional 2,470 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of United Community Banks by 25.8% in the second quarter. Legal & General Group Plc now owns 10,695 shares of the financial services provider’s stock worth $192,000 after buying an additional 2,195 shares during the last quarter.

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

Shares of United Community Banks, Inc. (NASDAQ:UCBI) traded down 0.131% during midday trading on Tuesday, reaching $26.625. The company had a trading volume of 31,949 shares. United Community Banks, Inc. has a 12 month low of $15.74 and a 12 month high of $27.28. The firm’s 50 day moving average price is $23.03 and its 200-day moving average price is $20.55. The company has a market capitalization of $1.89 billion and a P/E ratio of 20.932.

United Community Banks (NASDAQ:UCBI) last announced its quarterly earnings data on Wednesday, October 26th. The financial services provider reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. During the same quarter last year, the business posted $0.33 EPS. Analysts anticipate that United Community Banks, Inc. will post $1.46 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 5th. Stockholders of record on Thursday, December 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Tuesday, December 13th.

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A number of equities analysts have commented on UCBI shares. Zacks Investment Research upgraded United Community Banks from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Friday, October 28th. Keefe, Bruyette & Woods downgraded United Community Banks from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Hovde Group downgraded United Community Banks from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $22.00 to $23.00 in a research report on Thursday, October 27th. Finally, Raymond James Financial Inc. upgraded United Community Banks from an “outperform” rating to a “strong-buy” rating and boosted their price objective for the stock from $22.00 to $24.00 in a research report on Thursday, October 6th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $24.00.

About United Community Banks

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

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