D. E. Shaw & Co. Inc. Has $4.45 Million Stake in United Community Banks, Inc. (NASDAQ:UCBI)

D. E. Shaw & Co. Inc. cut its holdings in shares of United Community Banks, Inc. (NASDAQ:UCBI) by 6.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 207,499 shares of the financial services provider’s stock after selling 13,901 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.26% of United Community Banks worth $4,453,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of UCBI. Toronto Dominion Bank acquired a new position in United Community Banks in the 4th quarter valued at $28,000. Oregon Public Employees Retirement Fund acquired a new position in United Community Banks in the 4th quarter valued at $30,000. Private Capital Group LLC grew its holdings in United Community Banks by 210.7% in the 4th quarter. Private Capital Group LLC now owns 1,793 shares of the financial services provider’s stock valued at $39,000 after buying an additional 1,216 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of United Community Banks during the 4th quarter worth $150,000. Finally, Quantamental Technologies LLC acquired a new stake in shares of United Community Banks during the 4th quarter worth $185,000. 89.40% of the stock is currently owned by institutional investors and hedge funds.

Shares of UCBI stock traded down $0.40 on Friday, hitting $26.41. 432,805 shares of the company’s stock were exchanged, compared to its average volume of 521,191. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.29. United Community Banks, Inc. has a 12 month low of $20.23 and a 12 month high of $34.18. The company has a market cap of $2.09 billion, a P/E ratio of 12.34 and a beta of 1.22.

United Community Banks (NASDAQ:UCBI) last announced its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.02. United Community Banks had a return on equity of 12.27% and a net margin of 27.81%. The business had revenue of $135.82 million during the quarter, compared to the consensus estimate of $137.89 million. During the same period in the prior year, the company earned $0.42 EPS. United Community Banks’s revenue for the quarter was up 14.9% on a year-over-year basis. As a group, equities research analysts anticipate that United Community Banks, Inc. will post 2.23 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.42%. United Community Banks’s dividend payout ratio is currently 29.91%.

In related news, EVP Bradley J. Miller sold 8,627 shares of the company’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $29.16, for a total transaction of $251,563.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bill M. Gilbert sold 2,963 shares of the company’s stock in a transaction on Thursday, January 24th. The stock was sold at an average price of $26.03, for a total value of $77,126.89. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,836 shares of company stock valued at $439,808. 1.18% of the stock is owned by corporate insiders.

Several analysts have recently issued reports on UCBI shares. Keefe, Bruyette & Woods lowered United Community Banks from an “outperform” rating to a “market perform” rating and set a $32.00 target price on the stock. in a report on Sunday, February 24th. BidaskClub raised United Community Banks from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th. Zacks Investment Research raised United Community Banks from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. ValuEngine raised United Community Banks from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Finally, Raymond James lowered United Community Banks from an “outperform” rating to a “market perform” rating in a report on Monday, January 7th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $29.33.

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United Community Banks Company Profile

United Community Banks, Inc operates as the bank holding company for United Community Bank that provides retail and corporate banking services to individuals and businesses. It offers various deposit accounts, such as checking accounts, savings and time deposits accounts, NOW accounts, money market deposits, and certificates of deposit.

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Institutional Ownership by Quarter for United Community Banks (NASDAQ:UCBI)

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