Sei Investments Co. trimmed its holdings in United Community Banks, Inc. (NASDAQ:UCBI) by 17.4% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 89,624 shares of the financial services provider’s stock after selling 18,870 shares during the quarter. Sei Investments Co. owned about 0.12% of United Community Banks worth $2,557,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UCBI. Bank of Montreal Can increased its holdings in United Community Banks by 7.5% in the 2nd quarter. Bank of Montreal Can now owns 74,384 shares of the financial services provider’s stock worth $2,068,000 after buying an additional 5,202 shares in the last quarter. Aperio Group LLC increased its holdings in United Community Banks by 39.9% in the 2nd quarter. Aperio Group LLC now owns 14,912 shares of the financial services provider’s stock worth $415,000 after buying an additional 4,256 shares in the last quarter. US Bancorp DE increased its holdings in United Community Banks by 42.0% in the 2nd quarter. US Bancorp DE now owns 57,608 shares of the financial services provider’s stock worth $1,602,000 after buying an additional 17,031 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in United Community Banks by 12.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 250,047 shares of the financial services provider’s stock worth $6,951,000 after buying an additional 28,264 shares in the last quarter. Finally, Bowling Portfolio Management LLC bought a new stake in United Community Banks in the 2nd quarter worth about $574,000. Institutional investors own 87.76% of the company’s stock.

UCBI has been the subject of a number of recent research reports. SunTrust Banks restated a “buy” rating and set a $33.00 price target on shares of United Community Banks in a research note on Thursday, October 12th. Zacks Investment Research upgraded United Community Banks from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Wednesday, September 27th. ValuEngine downgraded United Community Banks from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. FIG Partners upgraded United Community Banks from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research note on Wednesday, August 16th. Finally, BidaskClub downgraded United Community Banks from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $31.25.

Shares of United Community Banks, Inc. (NASDAQ UCBI) opened at $28.53 on Friday. The stock has a market capitalization of $2,109.66, a PE ratio of 17.85 and a beta of 0.89. United Community Banks, Inc. has a 52 week low of $24.47 and a 52 week high of $30.47. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.80 and a current ratio of 0.81.

United Community Banks (NASDAQ:UCBI) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.41. The business had revenue of $109.35 million during 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%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 EPS. equities research analysts anticipate that United Community Banks, Inc. will post 1.63 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.40%. United Community Banks’s dividend payout ratio (DPR) is presently 27.03%.

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

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