Mutual of America Capital Management LLC Has $465,000 Stock Holdings in United Community Banks, Inc. $UCB

Mutual of America Capital Management LLC cut its stake in shares of United Community Banks, Inc. (NYSE:UCB) by 10.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,608 shares of the company’s stock after selling 1,774 shares during the period. Mutual of America Capital Management LLC’s holdings in United Community Banks were worth $465,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Quarry LP acquired a new position in United Community Banks during the first quarter valued at approximately $26,000. CWM LLC acquired a new position in United Community Banks during the first quarter valued at approximately $62,000. Geneos Wealth Management Inc. acquired a new position in United Community Banks during the first quarter valued at approximately $67,000. Smartleaf Asset Management LLC acquired a new position in United Community Banks during the first quarter valued at approximately $89,000. Finally, State of Wyoming boosted its position in United Community Banks by 9.4% during the first quarter. State of Wyoming now owns 4,010 shares of the company’s stock valued at $113,000 after purchasing an additional 344 shares during the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other United Community Banks news, EVP Richard Bradshaw sold 1,654 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $30.23, for a total transaction of $50,000.42. Following the transaction, the executive vice president owned 75,226 shares in the company, valued at $2,274,081.98. This trade represents a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by company insiders.

United Community Banks Trading Down 0.9%

Shares of NYSE UCB opened at $29.79 on Wednesday. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 11.82 and a beta of 0.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.80 and a current ratio of 0.80. United Community Banks, Inc. has a 1-year low of $22.93 and a 1-year high of $35.38. The business’s 50 day moving average price is $31.77.

United Community Banks (NYSE:UCB) last announced its earnings results on Wednesday, October 22nd. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. The company had revenue of $276.85 million for the quarter, compared to analyst estimates of $270.85 million. United Community Banks had a return on equity of 9.42% and a net margin of 20.67%.The firm’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 earnings per share.

United Community Banks Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Monday, September 15th were paid a dividend of $0.25 per share. This is a boost from United Community Banks’s previous quarterly dividend of $0.24. The ex-dividend date was Monday, September 15th. This represents a $1.00 dividend on an annualized basis and a yield of 3.4%. United Community Banks’s dividend payout ratio is 39.68%.

Analysts Set New Price Targets

Several research analysts recently commented on UCB shares. Wall Street Zen raised United Community Banks from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. DA Davidson upped their price objective on United Community Banks from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Hovde Group upped their price objective on United Community Banks from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Raymond James Financial restated a “market perform” rating on shares of United Community Banks in a research note on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods upped their price objective on United Community Banks from $32.00 to $34.00 and gave the company a “market perform” rating in a research note on Monday, July 28th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $35.33.

United Community Banks 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. The company accepts various deposit products, including checking, savings, money market, and other deposit accounts.