LSV Asset Management bought a new position in United Community Banks, Inc. (NASDAQ:UCBI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 130,200 shares of the financial services provider’s stock, valued at approximately $3,993,000. LSV Asset Management owned about 0.16% of United Community Banks as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mount Yale Investment Advisors LLC bought a new position in United Community Banks in the 1st quarter worth about $114,000. SG Americas Securities LLC bought a new position in United Community Banks in the 1st quarter worth about $153,000. Zeke Capital Advisors LLC bought a new position in United Community Banks in the 1st quarter worth about $203,000. Palouse Capital Management Inc. bought a new position in United Community Banks in the 1st quarter worth about $224,000. Finally, WINTON GROUP Ltd bought a new position in United Community Banks in the 1st quarter worth about $231,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

Shares of NASDAQ UCBI opened at $30.38 on Wednesday. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 18.64 and a beta of 0.83. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 0.85. United Community Banks, Inc. has a twelve month low of $24.47 and a twelve month high of $34.18.

United Community Banks (NASDAQ:UCBI) last announced its earnings results on Tuesday, July 24th. The financial services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). United Community Banks had a return on equity of 10.99% and a net margin of 17.42%. The business had revenue of $130.02 million during the quarter, compared to the consensus estimate of $133.24 million. During the same quarter in the prior year, the company earned $0.41 earnings per share. United Community Banks’s revenue was up 20.3% compared to the same quarter last year. research analysts forecast that United Community Banks, Inc. will post 2.16 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 5th. Stockholders of record on Saturday, September 15th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Thursday, September 13th. United Community Banks’s payout ratio is currently 36.81%.

A number of equities analysts have weighed in on the company. BidaskClub lowered United Community Banks from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Zacks Investment Research upgraded United Community Banks from a “sell” rating to a “hold” rating in a research note on Tuesday, August 21st. Hovde Group set a $34.00 target price on United Community Banks and gave the stock a “buy” rating in a research note on Monday, July 30th. Finally, SunTrust Banks lowered United Community Banks from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. 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’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $32.67.

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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