United Community Banks, Inc. (NASDAQ:UCBI) Shares Sold by US Bancorp DE

US Bancorp DE decreased its position in shares of United Community Banks, Inc. (NASDAQ:UCBI) by 7.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,027 shares of the financial services provider’s stock after selling 4,378 shares during the quarter. US Bancorp DE owned approximately 0.07% of United Community Banks worth $1,372,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of UCBI. Comerica Bank raised its stake in United Community Banks by 0.5% in the fourth quarter. Comerica Bank now owns 77,636 shares of the financial services provider’s stock valued at $2,030,000 after buying an additional 420 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in United Community Banks by 60.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,218 shares of the financial services provider’s stock valued at $26,000 after buying an additional 458 shares during the last quarter. Amalgamated Bank raised its stake in United Community Banks by 4.8% in the fourth quarter. Amalgamated Bank now owns 11,262 shares of the financial services provider’s stock valued at $242,000 after buying an additional 517 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in United Community Banks by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 30,676 shares of the financial services provider’s stock valued at $765,000 after buying an additional 554 shares during the last quarter. Finally, Boston Advisors LLC raised its stake in United Community Banks by 1.5% in the first quarter. Boston Advisors LLC now owns 39,051 shares of the financial services provider’s stock valued at $974,000 after buying an additional 580 shares during the last quarter. 89.50% of the stock is currently owned by institutional investors and hedge funds.

UCBI traded up $0.39 during trading on Friday, hitting $28.56. The company’s stock had a trading volume of 645,700 shares, compared to its average volume of 466,742. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.20. United Community Banks, Inc. has a twelve month low of $20.23 and a twelve month high of $31.93. The business’s fifty day moving average price is $27.41. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 13.35 and a beta of 1.25.

United Community Banks (NASDAQ:UCBI) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. United Community Banks had a return on equity of 12.33% and a net margin of 27.98%. The company had revenue of $133.30 million for the quarter, compared to analyst estimates of $137.03 million. During the same period last year, the company earned $0.50 earnings per share. United Community Banks’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts forecast that United Community Banks, Inc. will post 2.34 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Saturday, June 15th will be paid a $0.17 dividend. The ex-dividend date is Thursday, June 13th. This is a positive change from United Community Banks’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.38%. United Community Banks’s payout ratio is currently 31.78%.

UCBI has been the subject of a number of research analyst reports. BidaskClub cut United Community Banks from a “buy” rating to a “hold” rating in a research note on Tuesday, June 11th. ValuEngine upgraded United Community Banks from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. Finally, Zacks Investment Research upgraded United Community Banks from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Wednesday, May 22nd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $30.17.

About United Community Banks

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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