Rhumbline Advisers increased its stake in United Community Banks, Inc. (NASDAQ:UCBI) by 4.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 190,132 shares of the financial services provider’s stock after buying an additional 8,339 shares during the period. Rhumbline Advisers owned 0.24% of United Community Banks worth $5,303,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of United Community Banks in the 2nd quarter worth approximately $477,000. Segall Bryant & Hamill LLC grew its stake in shares of United Community Banks by 107.0% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 601,438 shares of the financial services provider’s stock worth $18,446,000 after buying an additional 310,954 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of United Community Banks in the 2nd quarter worth approximately $216,000. Raymond James & Associates grew its stake in shares of United Community Banks by 9.1% in the 2nd quarter. Raymond James & Associates now owns 23,845 shares of the financial services provider’s stock worth $731,000 after buying an additional 1,993 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its stake in shares of United Community Banks by 14.3% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 25,412 shares of the financial services provider’s stock worth $779,000 after buying an additional 3,178 shares during the last quarter. Institutional investors own 87.16% of the company’s stock.

Several analysts recently weighed in on the company. BidaskClub downgraded United Community Banks from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research upgraded United Community Banks from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Raymond James set a $28.00 price target on United Community Banks and gave the stock a “buy” rating in a research note on Thursday, October 25th. Stephens restated a “hold” rating and issued a $24.00 price target on shares of United Community Banks in a research note on Thursday, October 25th. Finally, SunTrust Banks cut their target price on United Community Banks to $25.00 and set a “hold” rating on the stock in a research note on Thursday, October 25th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. United Community Banks presently has an average rating of “Hold” and a consensus target price of $28.40.

Shares of UCBI opened at $23.91 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.42. United Community Banks, Inc. has a 12 month low of $22.83 and a 12 month high of $34.18. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 11.89 and a beta of 0.93.

United Community Banks (NASDAQ:UCBI) last issued its earnings results on Tuesday, October 23rd. The financial services provider reported $0.55 EPS for the quarter, meeting the consensus estimate of $0.55. The business had revenue of $134.50 million for the quarter, compared to the consensus estimate of $136.53 million. United Community Banks had a return on equity of 11.64% and a net margin of 19.16%. The company’s revenue was up 23.1% compared to the same quarter last year. During the same period last year, the business posted $0.41 EPS. On average, equities research analysts expect that United Community Banks, Inc. will post 2.13 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Stockholders of record on Saturday, December 15th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.68%. This is a boost from United Community Banks’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, December 13th. United Community Banks’s dividend payout ratio is presently 36.81%.

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United Community Banks Company Profile

United Community Banks, Inc operates as the bank holding company for United Community Bank that provides retail and corporate banking services to individuals and businesses. It offers various deposit accounts, such as checking accounts, savings and time deposits accounts, NOW accounts, money market deposits, and certificates of deposit.

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

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