7,022 Shares in United Community Banks, Inc. (NASDAQ:UCBI) Acquired by Xponance Inc.

Xponance Inc. purchased a new position in shares of United Community Banks, Inc. (NASDAQ:UCBI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,022 shares of the financial services provider’s stock, valued at approximately $205,000.

A number of other large investors have also added to or reduced their stakes in the stock. Tyche Wealth Partners LLC acquired a new stake in shares of United Community Banks in the 4th quarter valued at $491,000. DGS Capital Management LLC acquired a new stake in shares of United Community Banks in the 4th quarter valued at $290,000. Strs Ohio boosted its holdings in shares of United Community Banks by 17.6% in the 4th quarter. Strs Ohio now owns 6,000 shares of the financial services provider’s stock valued at $175,000 after purchasing an additional 900 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of United Community Banks in the 4th quarter valued at $1,741,000. Finally, Equitable Trust Co. acquired a new stake in shares of United Community Banks in the 4th quarter valued at $212,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

United Community Banks Stock Up 0.6 %

Shares of NASDAQ:UCBI opened at $25.98 on Monday. The business has a fifty day simple moving average of $25.57 and a 200 day simple moving average of $26.22. United Community Banks, Inc. has a 12-month low of $20.37 and a 12-month high of $30.75. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.10. The firm has a market cap of $3.09 billion, a P/E ratio of 16.87 and a beta of 0.94.

United Community Banks (NASDAQ:UCBI) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $232.00 million. During the same period last year, the company posted $0.58 EPS. The business’s quarterly revenue was down 6.6% on a year-over-year basis. Analysts predict that United Community Banks, Inc. will post 2.09 earnings per share for the current year.

United Community Banks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend was Thursday, March 14th. United Community Banks’s dividend payout ratio (DPR) is presently 59.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on UCBI shares. TheStreet downgraded United Community Banks from a “b” rating to a “c+” rating in a report on Wednesday, January 24th. Truist Financial dropped their price target 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. StockNews.com upgraded United Community Banks to a “sell” rating in a research note on Wednesday, January 17th. DA Davidson reiterated a “buy” rating on shares of United Community Banks in a research note on Monday, January 15th. Finally, Piper Sandler dropped their price target on United Community Banks from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.60.

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