SG Americas Securities LLC Has $1.24 Million Stock Position in United Community Banks, Inc. $UCB

SG Americas Securities LLC lowered its stake in United Community Banks, Inc. (NYSE:UCB) by 29.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,435 shares of the company’s stock after selling 16,808 shares during the quarter. SG Americas Securities LLC’s holdings in United Community Banks were worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in United Community Banks during the fourth quarter valued at about $29,000. Covestor Ltd boosted its holdings in shares of United Community Banks by 196.1% in the fourth quarter. Covestor Ltd now owns 992 shares of the company’s stock worth $31,000 after buying an additional 657 shares during the period. Torren Management LLC purchased a new position in shares of United Community Banks in the fourth quarter worth approximately $39,000. First Horizon Corp increased its position in shares of United Community Banks by 51.7% in the fourth quarter. First Horizon Corp now owns 1,315 shares of the company’s stock worth $41,000 after acquiring an additional 448 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of United Community Banks during the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on UCB. Zacks Research downgraded shares of United Community Banks from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Keefe, Bruyette & Woods upgraded shares of United Community Banks from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $36.00 to $40.00 in a research report on Thursday, April 9th. DA Davidson boosted their target price on shares of United Community Banks from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Stephens increased their target price on United Community Banks from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings raised United Community Banks from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, United Community Banks presently has a consensus rating of “Moderate Buy” and an average price target of $38.40.

Insider Buying and Selling

In other United Community Banks news, EVP Richard Bradshaw sold 1,510 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $33.09, for a total value of $49,965.90. Following the transaction, the executive vice president directly owned 84,497 shares of the company’s stock, valued at $2,796,005.73. This represents a 1.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.45% of the stock is owned by company insiders.

United Community Banks Trading Up 0.1%

Shares of NYSE:UCB opened at $35.52 on Friday. The firm has a fifty day moving average of $33.54 and a two-hundred day moving average of $33.12. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.03. United Community Banks, Inc. has a 12-month low of $28.65 and a 12-month high of $36.77. The firm has a market capitalization of $4.25 billion, a P/E ratio of 13.06 and a beta of 0.81.

United Community Banks (NYSE:UCB) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $0.70 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.70. United Community Banks had a net margin of 22.05% and a return on equity of 9.65%. The business had revenue of $278.26 million for the quarter. During the same period last year, the company posted $0.58 earnings per share. The company’s revenue was up 11.6% compared to the same quarter last year. On average, equities analysts expect that United Community Banks, Inc. will post 3.02 EPS for the current fiscal year.

United Community Banks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Monday, June 15th were paid a $0.25 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. United Community Banks’s payout ratio is 36.76%.

United Community Banks Company Profile

United Community Banks, Inc (NYSE: UCB) is a bank holding company headquartered in Blairsville, Georgia. It operates primarily through its subsidiary, United Community Bank, providing a broad range of banking and financial services to individual, business and governmental customers. The company’s core offerings include deposit accounts, commercial and consumer lending, mortgage origination, treasury and cash management services, and wealth management.

In addition to traditional banking products such as checking, savings and money market accounts, United Community Bank specializes in commercial real estate financing, small business administration (SBA) loans, equipment financing and agricultural lending.