Campbell & CO Investment Adviser LLC Acquires 14,641 Shares of United Community Banks, Inc. $UCB

Campbell & CO Investment Adviser LLC raised its holdings in shares of United Community Banks, Inc. (NYSE:UCB) by 90.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,845 shares of the company’s stock after purchasing an additional 14,641 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in United Community Banks were worth $919,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of UCB. Vanguard Group Inc. increased its stake in shares of United Community Banks by 2.9% during the first quarter. Vanguard Group Inc. now owns 14,336,816 shares of the company’s stock valued at $403,295,000 after buying an additional 404,866 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of United Community Banks by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,151,914 shares of the company’s stock worth $173,047,000 after purchasing an additional 92,952 shares during the period. Invesco Ltd. boosted its stake in shares of United Community Banks by 4.1% during the 1st quarter. Invesco Ltd. now owns 1,513,333 shares of the company’s stock valued at $42,570,000 after purchasing an additional 59,902 shares in the last quarter. Charles Schwab Investment Management Inc. purchased a new position in shares of United Community Banks during the first quarter valued at about $40,871,000. Finally, Wellington Management Group LLP raised its stake in United Community Banks by 149.3% in the first quarter. Wellington Management Group LLP now owns 886,741 shares of the company’s stock worth $24,944,000 after buying an additional 531,058 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insider Activity

In other news, EVP Richard Bradshaw sold 1,654 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $30.23, for a total transaction of $50,000.42. Following the sale, the executive vice president owned 75,226 shares in the company, valued at $2,274,081.98. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on UCB. Keefe, Bruyette & Woods lifted their price objective on United Community Banks from $32.00 to $34.00 and gave the company a “market perform” rating in a research report on Monday, July 28th. DA Davidson raised their target price 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Community Banks in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of United Community Banks from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Hovde Group upped their target price on shares of United Community Banks from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $35.33.

United Community Banks Trading Down 0.6%

United Community Banks stock opened at $29.96 on Friday. United Community Banks, Inc. has a 12 month low of $22.93 and a 12 month high of $35.38. The company has a market capitalization of $3.64 billion, a P/E ratio of 11.89 and a beta of 0.91. The business has a fifty day moving average of $30.98. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.04.

United Community Banks (NYSE:UCB) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.05. The firm had revenue of $276.85 million during 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%.United Community Banks’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 EPS.

United Community Banks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.00 annualized dividend and a yield of 3.3%. United Community Banks’s payout ratio is 39.68%.

About United Community Banks

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.