Caxton Associates LP acquired a new stake in United Community Banks, Inc. (NASDAQ:UCBI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,850 shares of the financial services provider’s stock, valued at approximately $304,000.

Several other institutional investors have also recently added to or reduced their stakes in UCBI. First Trust Advisors LP increased its stake in shares of United Community Banks by 16.1% in the first quarter. First Trust Advisors LP now owns 115,124 shares of the financial services provider’s stock valued at $2,870,000 after buying an additional 15,947 shares during the period. Amundi Pioneer Asset Management Inc. bought a new stake in shares of United Community Banks in the 1st quarter valued at $165,000. SG Americas Securities LLC acquired a new stake in shares of United Community Banks during the third quarter worth $318,000. California State Teachers Retirement System increased its position in shares of United Community Banks by 1.2% during the third quarter. California State Teachers Retirement System now owns 122,779 shares of the financial services provider’s stock worth $3,481,000 after buying an additional 1,467 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of United Community Banks during the third quarter worth $405,000. 92.33% of the stock is owned by institutional investors.

In other United Community Banks news, Director Kenneth L. Daniels bought 1,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was purchased at an average cost of $28.31 per share, with a total value of $28,310.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.18% of the company’s stock.

A number of analysts have commented on UCBI shares. BidaskClub cut shares of United Community Banks from a “sell” rating to a “strong sell” rating in a research report on Friday, January 31st. Hovde Group lowered United Community Banks from an “outperform” rating to a “market perform” rating and set a $33.00 price objective for the company. in a research report on Monday, December 16th. DA Davidson raised United Community Banks from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $32.50 to $23.50 in a research note on Tuesday, March 10th. Zacks Investment Research upgraded United Community Banks from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, March 17th. Finally, ValuEngine cut United Community Banks from a “hold” rating to a “sell” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $25.90.

United Community Banks stock opened at $17.66 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $1.37 billion, a PE ratio of 7.65 and a beta of 1.27. The firm’s fifty day moving average is $24.63 and its 200 day moving average is $28.40. United Community Banks, Inc. has a 12-month low of $15.71 and a 12-month high of $31.66.

United Community Banks (NASDAQ:UCBI) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The company had revenue of $143.30 million for the quarter, compared to analysts’ expectations of $143.29 million. United Community Banks had a return on equity of 12.10% and a net margin of 28.04%. United Community Banks’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.57 EPS. Sell-side analysts expect that United Community Banks, Inc. will post 2.15 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Monday, March 16th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend is Friday, March 13th. United Community Banks’s payout ratio is 30.25%.

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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