Oxford Asset Management acquired a new stake in shares of United Community Banks, Inc. (NASDAQ:UCBI) during the first quarter, Holdings Channel reports. The fund acquired 13,501 shares of the financial services provider’s stock, valued at approximately $374,000.

A number of other large investors also recently bought and sold shares of UCBI. State of Alaska Department of Revenue boosted its stake in United Community Banks by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 7,830 shares of the financial services provider’s stock valued at $216,000 after buying an additional 160 shares during the last quarter. Capstone Asset Management Co. boosted its stake in United Community Banks by 1.0% in the first quarter. Capstone Asset Management Co. now owns 18,762 shares of the financial services provider’s stock valued at $520,000 after buying an additional 181 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in United Community Banks by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 28,900 shares of the financial services provider’s stock valued at $800,000 after buying an additional 400 shares during the last quarter. Adams Diversified Equity Fund Inc. boosted its stake in United Community Banks by 2.8% in the first quarter. Adams Diversified Equity Fund Inc. now owns 41,100 shares of the financial services provider’s stock valued at $1,138,000 after buying an additional 1,100 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its stake in United Community Banks by 15.5% in the first quarter. GW&K Investment Management LLC now owns 9,310 shares of the financial services provider’s stock valued at $258,000 after buying an additional 1,250 shares during the last quarter. Hedge funds and other institutional investors own 92.26% of the company’s stock.

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

Shares of United Community Banks, Inc. (NASDAQ:UCBI) opened at 28.19 on Friday. United Community Banks, Inc. has a 52-week low of $17.07 and a 52-week high of $30.47. The firm has a 50-day moving average of $27.06 and a 200 day moving average of $27.98. The firm has a market cap of $2.00 billion, a PE ratio of 19.87 and a beta of 0.88.

United Community Banks (NASDAQ:UCBI) last released its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. United Community Banks had a return on equity of 10.28% and a net margin of 23.03%. The company had revenue of $104.83 million during the quarter, compared to the consensus estimate of $104.30 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The firm’s revenue was up 11.8% compared to the same quarter last year. On average, equities analysts predict that United Community Banks, Inc. will post $1.62 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Thursday, June 15th will be paid a $0.09 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $0.36 annualized dividend and a dividend yield of 1.28%. This is an increase from United Community Banks’s previous quarterly dividend of $0.08. United Community Banks’s dividend payout ratio is currently 25.35%.

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Several equities research analysts have weighed in on the stock. ValuEngine upgraded shares of United Community Banks from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Hovde Group upgraded shares of United Community Banks from a “market perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Wednesday, May 3rd. Keefe, Bruyette & Woods set a $30.00 price objective on shares of United Community Banks and gave the company a “hold” rating in a research report on Monday, April 10th. Finally, Zacks Investment Research upgraded shares of United Community Banks from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Wednesday, March 29th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $31.00.

About United Community Banks

United Community Banks, Inc (United) is a bank holding company. United conducts its operations through a community-focused operating model of separate community banks, which, as of December 31, 2016, operated at 139 locations throughout the Atlanta-Sandy Springs-Roswell, Georgia, and Gainesville, Georgia metropolitan statistical areas, upstate and coastal South Carolina, north and coastal Georgia, western North Carolina, and east Tennessee.

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