Cambiar Investors LLC lessened its position in United Community Banks, Inc. (NASDAQ:UCBI) by 26.0% in the fourth quarter, HoldingsChannel reports. The firm owned 342,537 shares of the financial services provider’s stock after selling 120,172 shares during the quarter. Cambiar Investors LLC’s holdings in United Community Banks were worth $9,639,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Riverhead Capital Management LLC increased its stake in shares of United Community Banks by 134.3% in the second quarter. Riverhead Capital Management LLC now owns 5,390 shares of the financial services provider’s stock valued at $150,000 after buying an additional 3,090 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of United Community Banks by 9.9% in the second quarter. TIAA CREF Investment Management LLC now owns 382,482 shares of the financial services provider’s stock valued at $10,633,000 after buying an additional 34,502 shares during the period. Amalgamated Bank increased its stake in shares of United Community Banks by 1.5% in the second quarter. Amalgamated Bank now owns 9,645 shares of the financial services provider’s stock valued at $268,000 after buying an additional 140 shares during the period. Profund Advisors LLC increased its stake in shares of United Community Banks by 9.5% in the second quarter. Profund Advisors LLC now owns 13,560 shares of the financial services provider’s stock valued at $377,000 after buying an additional 1,173 shares during the period. Finally, New York State Common Retirement Fund increased its stake in shares of United Community Banks by 0.8% in the second quarter. New York State Common Retirement Fund now owns 490,184 shares of the financial services provider’s stock valued at $13,627,000 after buying an additional 3,799 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

Shares of United Community Banks, Inc. (NASDAQ:UCBI) opened at $31.80 on Wednesday. United Community Banks, Inc. has a 52-week low of $24.47 and a 52-week high of $32.71. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $2,354.47, a PE ratio of 33.83 and a beta of 0.89.

United Community Banks (NASDAQ:UCBI) last announced its earnings results on Tuesday, January 23rd. The financial services provider reported $0.42 EPS for the quarter, beating the consensus estimate of $0.41 by $0.01. United Community Banks had a return on equity of 10.12% and a net margin of 14.14%. The company had revenue of $118.24 million for the quarter, compared to analyst estimates of $118.26 million. During the same quarter in the prior year, the company earned $0.40 EPS. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. research analysts forecast that United Community Banks, Inc. will post 2.18 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 15th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.26%. United Community Banks’s payout ratio is 42.55%.

UCBI has been the subject of several recent research reports. Zacks Investment Research raised United Community Banks from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Wednesday, December 27th. SunTrust Banks reissued a “buy” rating and issued a $33.00 price target on shares of United Community Banks in a research note on Thursday, October 12th. BidaskClub cut United Community Banks from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. ValuEngine cut United Community Banks from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, Keefe, Bruyette & Woods raised United Community Banks from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $31.00.

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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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