Intech Investment Management LLC Has $3.93 Million Stock Holdings in United Community Banks, Inc. $UCB

Intech Investment Management LLC decreased its holdings in United Community Banks, Inc. (NYSE:UCB) by 13.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 131,784 shares of the company’s stock after selling 21,169 shares during the period. Intech Investment Management LLC’s holdings in United Community Banks were worth $3,926,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in United Community Banks by 9.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 31,194 shares of the company’s stock valued at $929,000 after buying an additional 2,629 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of United Community Banks by 3.7% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 27,348 shares of the company’s stock worth $815,000 after acquiring an additional 984 shares during the last quarter. Bailard Inc. acquired a new stake in shares of United Community Banks in the 2nd quarter valued at approximately $798,000. Geode Capital Management LLC grew its holdings in shares of United Community Banks by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 2,879,780 shares of the company’s stock valued at $85,801,000 after purchasing an additional 56,756 shares during the last quarter. Finally, Jupiter Asset Management Ltd. increased its position in United Community Banks by 141.3% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 152,108 shares of the company’s stock worth $4,531,000 after purchasing an additional 89,067 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

Insider Transactions at United Community Banks

In other United Community Banks news, EVP Richard Bradshaw sold 1,654 shares of the firm’s 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 completion of the transaction, the executive vice president owned 75,226 shares in the company, valued at approximately $2,274,081.98. This trade represents a 2.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.43% of the company’s stock.

United Community Banks Stock Up 1.6%

Shares of NYSE:UCB opened at $29.39 on Wednesday. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 11.66 and a beta of 0.91. United Community Banks, Inc. has a 12-month low of $22.93 and a 12-month high of $35.38. The stock’s fifty day moving average is $30.78. 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 (NYSE:UCB) last released its quarterly earnings results on Wednesday, October 22nd. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. The firm 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 business’s revenue was up 27.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 EPS.

United Community Banks Dividend Announcement

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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, December 15th. United Community Banks’s dividend payout ratio is currently 39.68%.

Analyst Ratings Changes

UCB has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of United Community Banks in a research report on Wednesday, October 8th. Wall Street Zen upgraded United Community Banks from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. DA Davidson boosted their price objective on United Community Banks from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Hovde Group increased their target price on United Community Banks from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods lifted their price target 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 investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, United Community Banks presently has a consensus rating of “Hold” and an average target price of $35.33.

United Community Banks Company 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.