Deutsche Bank AG Grows Holdings in United Community Banks, Inc. $UCB

Deutsche Bank AG increased its position in United Community Banks, Inc. (NASDAQ:UCB) by 13.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,794 shares of the company’s stock after acquiring an additional 13,253 shares during the quarter. Deutsche Bank AG owned about 0.10% of United Community Banks worth $3,201,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP bought a new position in shares of United Community Banks during the fourth quarter worth $195,766,000. Capital Research Global Investors bought a new position in shares of United Community Banks during the fourth quarter worth $148,763,000. Earnest Partners LLC bought a new position in shares of United Community Banks during the fourth quarter worth $113,536,000. Snyder Capital Management L P bought a new position in shares of United Community Banks during the fourth quarter worth $61,663,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of United Community Banks in the first quarter valued at $40,871,000. Institutional investors own 82.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Raymond James Financial reissued a “market perform” rating on shares of United Community Banks in a report on Tuesday, July 8th. Keefe, Bruyette & Woods raised their target price on shares of United Community Banks from $32.00 to $34.00 and gave the company a “market perform” rating in a report on Monday, July 28th. Hovde Group raised their target price on shares of United Community Banks from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Stephens reissued an “overweight” rating and issued a $36.00 target price on shares of United Community Banks in a report on Wednesday, April 23rd. Finally, DA Davidson raised their target price on shares of United Community Banks from $34.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $34.57.

Insider Buying and Selling

In other United Community Banks news, EVP Richard Bradshaw sold 1,616 shares of United Community Banks stock in a transaction on Monday, July 28th. The shares were sold at an average price of $30.94, for a total transaction of $49,999.04. Following the completion of the transaction, the executive vice president directly owned 78,395 shares of the company’s stock, valued at $2,425,541.30. The trade was a 2.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.43% of the stock is owned by insiders.

United Community Banks Stock Up 0.0%

NASDAQ UCB opened at $31.23 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average of $30.36 and a two-hundred day moving average of $29.40. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 15.31 and a beta of 0.83. United Community Banks, Inc. has a 52 week low of $22.93 and a 52 week high of $35.38.

United Community Banks (NASDAQ:UCB) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.61 by $0.05. United Community Banks had a net margin of 16.48% and a return on equity of 8.64%. The business’s revenue was up 6.1% compared to the same quarter last year. On average, analysts predict that United Community Banks, Inc. will post 2.52 earnings per share for the current year.

United Community Banks Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Monday, September 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 15th. This is a positive change from United Community Banks’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 3.2%. United Community Banks’s payout ratio is presently 45.45%.

United Community Banks Company Profile

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. It accepts various deposit products, including checking, savings, money market, and other deposit accounts.