United Community Banks, Inc. (NASDAQ:UCBI) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in shares of United Community Banks, Inc. (NASDAQ:UCBIGet Rating) by 82.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,527 shares of the financial services provider’s stock after selling 78,238 shares during the period. SG Americas Securities LLC’s holdings in United Community Banks were worth $575,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in UCBI. Massmutual Trust Co. FSB ADV acquired a new position in United Community Banks during the 1st quarter worth $54,000. Lazard Asset Management LLC boosted its stake in United Community Banks by 54.0% during the 4th quarter. Lazard Asset Management LLC now owns 1,605 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 563 shares during the period. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of United Community Banks in the 4th quarter worth approximately $146,000. Strs Ohio acquired a new stake in shares of United Community Banks in the 4th quarter worth approximately $172,000. Finally, HHM Wealth Advisors LLC acquired a new stake in shares of United Community Banks in the 1st quarter worth approximately $180,000. 79.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on UCBI shares. StockNews.com lowered shares of United Community Banks from a “hold” rating to a “sell” rating in a report on Friday, July 29th. Piper Sandler decreased their price objective on shares of United Community Banks to $36.00 in a report on Friday, July 22nd. Raymond James downgraded shares of United Community Banks from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 6th. Finally, Truist Financial reduced their price target on shares of United Community Banks from $34.00 to $32.00 in a report on Wednesday, June 15th.

United Community Banks Trading Up 1.2 %

UCBI opened at $34.23 on Thursday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.63 billion, a PE ratio of 14.20 and a beta of 1.05. United Community Banks, Inc. has a 1-year low of $27.62 and a 1-year high of $39.32. The firm has a 50-day moving average price of $31.11 and a two-hundred day moving average price of $33.21.

United Community Banks (NASDAQ:UCBIGet Rating) last posted its quarterly earnings data on Tuesday, July 19th. The financial services provider reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.03). The company had revenue of $212.36 million during the quarter, compared to analyst estimates of $213.19 million. United Community Banks had a net margin of 30.10% and a return on equity of 11.27%. The company’s revenue was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 EPS. As a group, equities analysts anticipate that United Community Banks, Inc. will post 2.65 earnings per share for the current fiscal year.

United Community Banks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 5th. Stockholders of record on Wednesday, June 15th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Tuesday, June 14th. United Community Banks’s dividend payout ratio (DPR) is presently 34.85%.

United Community Banks Company Profile

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United Community Banks, Inc operates as the financial holding company for United Community Bank that provides financial products and services to commercial, retail, government, education, energy, health care, and real estate sectors. The company accepts various deposit products, including checking, savings, money market, and other deposit accounts.

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

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