Boston Partners lowered its stake in shares of United Community Banks, Inc. (NASDAQ:UCBI) by 13.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 364,679 shares of the financial services provider’s stock after selling 55,120 shares during the period. Boston Partners’ holdings in United Community Banks were worth $10,138,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its stake in shares of United Community Banks by 11.7% in the first quarter. BNP Paribas Arbitrage SA now owns 14,466 shares of the financial services provider’s stock valued at $401,000 after buying an additional 1,511 shares during the last quarter. Suntrust Banks Inc. boosted its stake in shares of United Community Banks by 84.8% in the first quarter. Suntrust Banks Inc. now owns 13,014 shares of the financial services provider’s stock valued at $360,000 after buying an additional 5,972 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in United Community Banks by 17.9% in the first quarter. Bank of New York Mellon Corp now owns 2,186,633 shares of the financial services provider’s stock worth $60,547,000 after buying an additional 332,315 shares in the last quarter. US Bancorp DE boosted its stake in United Community Banks by 30.9% in the first quarter. US Bancorp DE now owns 40,577 shares of the financial services provider’s stock worth $1,124,000 after buying an additional 9,569 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in United Community Banks by 6.6% in the first quarter. Great West Life Assurance Co. Can now owns 99,637 shares of the financial services provider’s stock worth $2,757,000 after buying an additional 6,181 shares in the last quarter. Institutional investors own 94.06% of the company’s stock.

Shares of United Community Banks, Inc. (UCBI) opened at 26.61 on Thursday. United Community Banks, Inc. has a 52-week low of $19.61 and a 52-week high of $30.47. The company has a 50 day moving average of $27.74 and a 200-day moving average of $27.62. The company has a market cap of $1.89 billion, a PE ratio of 18.23 and a beta of 0.88.

United Community Banks (NASDAQ:UCBI) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. The business had revenue of $108 million for the quarter, compared to analyst estimates of $110.49 million. United Community Banks had a net margin of 23.07% and a return on equity of 10.42%. United Community Banks’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 EPS. Analysts forecast that United Community Banks, Inc. will post $1.63 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 15th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Thursday, September 14th. This is a positive change from United Community Banks’s previous quarterly dividend of $0.09. United Community Banks’s dividend payout ratio is 24.66%.

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A number of research firms recently commented on UCBI. ValuEngine upgraded shares of United Community Banks from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub cut shares of United Community Banks from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. UBS AG upgraded shares of United Community Banks from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 3rd. Raymond James Financial, Inc. lowered their price objective on shares of United Community Banks from $32.00 to $31.00 and set a “strong-buy” rating for the company in a research report on Thursday, July 27th. Finally, Stephens restated a “hold” rating and issued a $30.00 price objective on shares of United Community Banks in a research report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. United Community Banks has an average rating of “Buy” and a consensus target price of $30.86.

In related news, EVP Robert A. Edwards sold 11,550 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $26.06, for a total transaction of $300,993.00. Following the sale, the executive vice president now owns 16,858 shares of the company’s stock, valued at approximately $439,319.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.18% of the company’s stock.

About United Community Banks

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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