Chartwell Investment Partners LLC trimmed its position in United Community Banks, Inc. (NASDAQ:UCBI) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 582,560 shares of the financial services provider’s stock after selling 17,705 shares during the quarter. Chartwell Investment Partners LLC owned 0.74% of United Community Banks worth $16,248,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS Group AG grew its stake in shares of United Community Banks by 158.3% in the 1st quarter. UBS Group AG now owns 12,777 shares of the financial services provider’s stock valued at $404,000 after buying an additional 7,831 shares during the period. LPL Financial LLC purchased a new stake in shares of United Community Banks in the 1st quarter valued at approximately $389,000. Principal Financial Group Inc. grew its stake in shares of United Community Banks by 1.9% in the 1st quarter. Principal Financial Group Inc. now owns 1,229,402 shares of the financial services provider’s stock valued at $38,911,000 after buying an additional 22,633 shares during the period. Alps Advisors Inc. purchased a new stake in shares of United Community Banks in the 2nd quarter valued at approximately $506,000. Finally, Vaughan Nelson Investment Management L.P. grew its stake in shares of United Community Banks by 19.1% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,458,439 shares of the financial services provider’s stock valued at $75,401,000 after buying an additional 394,625 shares during the period. 87.62% of the stock is currently owned by institutional investors.

NASDAQ:UCBI opened at $25.16 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $2.04 billion, a P/E ratio of 15.44 and a beta of 0.99. United Community Banks, Inc. has a fifty-two week low of $22.83 and a fifty-two week high of $34.18.

United Community Banks (NASDAQ:UCBI) last posted its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $0.55 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.55. The firm had revenue of $134.50 million during the quarter, compared to analysts’ expectations of $136.53 million. United Community Banks had a net margin of 19.16% and a return on equity of 11.64%. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the company posted $0.41 EPS. As a group, equities analysts forecast that United Community Banks, Inc. will post 2.14 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Saturday, December 15th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, December 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.54%. This is a boost from United Community Banks’s previous quarterly dividend of $0.15. United Community Banks’s dividend payout ratio (DPR) is presently 36.81%.

Several analysts have recently weighed in on UCBI shares. Raymond James set a $28.00 price target on shares of United Community Banks and gave the company a “buy” rating in a research note on Thursday, October 25th. Hovde Group set a $34.00 price target on shares of United Community Banks and gave the company a “buy” rating in a research note on Monday, July 30th. Zacks Investment Research raised shares of United Community Banks from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Stephens reaffirmed a “hold” rating and set a $24.00 price objective on shares of United Community Banks in a research report on Thursday, October 25th. Finally, SunTrust Banks lowered their price objective on shares of United Community Banks to $25.00 and set a “hold” rating for the company in a research report on Thursday, October 25th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $28.40.

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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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