ClariVest Asset Management LLC increased its stake in shares of United Community Banks, Inc. (NASDAQ:UCBI) by 3.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 385,316 shares of the financial services provider’s stock after buying an additional 11,377 shares during the quarter. ClariVest Asset Management LLC owned about 0.52% of United Community Banks worth $10,998,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in UCBI. California Public Employees Retirement System grew its holdings in shares of United Community Banks by 4.2% during the first quarter. California Public Employees Retirement System now owns 101,700 shares of the financial services provider’s stock valued at $2,816,000 after buying an additional 4,100 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in United Community Banks by 4.0% during the first quarter. PNC Financial Services Group Inc. now owns 7,604 shares of the financial services provider’s stock valued at $210,000 after purchasing an additional 295 shares during the period. Vanguard Group Inc. lifted its position in United Community Banks by 8.0% during the first quarter. Vanguard Group Inc. now owns 6,111,857 shares of the financial services provider’s stock valued at $169,237,000 after purchasing an additional 451,364 shares during the period. Geode Capital Management LLC lifted its position in United Community Banks by 12.2% during the first quarter. Geode Capital Management LLC now owns 562,144 shares of the financial services provider’s stock valued at $15,565,000 after purchasing an additional 61,089 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its position in United Community Banks by 13.2% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 23,165 shares of the financial services provider’s stock valued at $641,000 after purchasing an additional 2,700 shares during the period. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

UCBI has been the subject of a number of research reports. Zacks Investment Research downgraded shares of United Community Banks from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. FIG Partners upgraded shares of United Community Banks from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a research report on Wednesday, August 16th. Raymond James Financial, Inc. decreased their target price on shares of United Community Banks from $32.00 to $31.00 and set a “strong-buy” rating for the company in a research report on Thursday, July 27th. Stephens restated a “hold” rating and set a $29.00 target price on shares of United Community Banks in a research report on Wednesday, July 26th. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $33.00 target price on shares of United Community Banks in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. United Community Banks presently has an average rating of “Buy” and an average target price of $31.25.

Shares of United Community Banks, Inc. (UCBI) traded up $0.37 during trading on Friday, hitting $26.67. 638,100 shares of the company’s stock were exchanged, compared to its average volume of 396,682. The firm has a market capitalization of $1,930.55, a P/E ratio of 16.33 and a beta of 0.88. United Community Banks, Inc. has a 1-year low of $24.47 and a 1-year high of $30.47. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.80 and a current ratio of 0.81.

United Community Banks (NASDAQ:UCBI) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $109.35 million during the quarter, compared to the consensus estimate of $114.65 million. United Community Banks had a net margin of 23.09% and a return on equity of 10.31%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 earnings per share. sell-side analysts expect that United Community Banks, Inc. will post 1.63 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.50%. United Community Banks’s dividend payout ratio (DPR) is presently 27.03%.

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United Community Banks Profile

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

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