Strs Ohio Has $175,000 Stock Position in United Community Banks, Inc. (NASDAQ:UCBI)

Strs Ohio grew its position in United Community Banks, Inc. (NASDAQ:UCBI) by 17.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,000 shares of the financial services provider’s stock after buying an additional 900 shares during the period. Strs Ohio’s holdings in United Community Banks were worth $175,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of United Community Banks by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 13,278,707 shares of the financial services provider’s stock valued at $337,412,000 after buying an additional 245,944 shares during the period. FMR LLC boosted its position in shares of United Community Banks by 15.1% in the 3rd quarter. FMR LLC now owns 8,518,870 shares of the financial services provider’s stock worth $216,464,000 after purchasing an additional 1,117,539 shares during the last quarter. Northern Trust Corp grew its stake in shares of United Community Banks by 21.4% during the third quarter. Northern Trust Corp now owns 1,913,924 shares of the financial services provider’s stock worth $48,633,000 after purchasing an additional 337,102 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of United Community Banks by 17.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,772,058 shares of the financial services provider’s stock worth $45,028,000 after purchasing an additional 265,356 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of United Community Banks by 7.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,169,530 shares of the financial services provider’s stock worth $29,718,000 after purchasing an additional 78,319 shares during the period. 82.29% of the stock is owned by institutional investors and hedge funds.

United Community Banks Stock Down 1.6 %

NASDAQ:UCBI opened at $25.23 on Wednesday. United Community Banks, Inc. has a 1 year low of $20.37 and a 1 year high of $30.75. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.10. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 16.38 and a beta of 0.94. The stock has a 50-day moving average price of $25.51 and a two-hundred day moving average price of $26.23.

United Community Banks (NASDAQ:UCBI) last posted its earnings results on Wednesday, April 24th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. United Community Banks had a return on equity of 8.02% and a net margin of 13.62%. The firm had revenue of $225.80 million during the quarter, compared to analysts’ expectations of $232.00 million. During the same period in the previous year, the firm earned $0.58 earnings per share. The company’s revenue was down 6.6% on a year-over-year basis. As a group, equities analysts expect that United Community Banks, Inc. will post 2.09 earnings per share for the current year.

United Community Banks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a dividend of $0.23 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.92 annualized dividend and a dividend yield of 3.65%. United Community Banks’s dividend payout ratio is currently 59.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Truist Financial decreased their price objective on United Community Banks from $31.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, April 1st. DA Davidson reaffirmed a “buy” rating on shares of United Community Banks in a research note on Monday, January 15th. StockNews.com raised United Community Banks to a “sell” rating in a research note on Wednesday, January 17th. Piper Sandler decreased their price objective on United Community Banks from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Finally, TheStreet cut United Community Banks from a “b” rating to a “c+” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $30.60.

United Community Banks 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. It accepts various deposit products, including checking, savings, money market, and other deposit accounts.