FinTrust Capital Advisors LLC grew its stake in United Community Banks, Inc. (NASDAQ:UCBI) by 15.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,543 shares of the financial services provider’s stock after buying an additional 462 shares during the quarter. FinTrust Capital Advisors LLC’s holdings in United Community Banks were worth $60,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. grew its position in shares of United Community Banks by 8.8% during the third quarter. BlackRock Inc. now owns 12,435,456 shares of the financial services provider’s stock worth $210,531,000 after purchasing an additional 1,010,032 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of United Community Banks by 11.8% during the second quarter. Bank of New York Mellon Corp now owns 2,128,847 shares of the financial services provider’s stock worth $42,832,000 after purchasing an additional 225,041 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of United Community Banks by 3.9% during the third quarter. Principal Financial Group Inc. now owns 1,903,690 shares of the financial services provider’s stock worth $32,230,000 after purchasing an additional 71,135 shares in the last quarter. Macquarie Group Ltd. grew its position in shares of United Community Banks by 7.6% during the second quarter. Macquarie Group Ltd. now owns 1,895,563 shares of the financial services provider’s stock worth $38,139,000 after purchasing an additional 134,034 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in shares of United Community Banks by 5.1% during the second quarter. Nuveen Asset Management LLC now owns 1,284,639 shares of the financial services provider’s stock worth $25,847,000 after purchasing an additional 61,800 shares in the last quarter. Institutional investors and hedge funds own 80.36% of the company’s stock.

UCBI has been the subject of several research analyst reports. Stephens initiated coverage on United Community Banks in a research report on Monday, October 19th. They set an “overweight” rating and a $23.50 target price for the company. TheStreet upgraded United Community Banks from a “c+” rating to a “b” rating in a research report on Thursday, November 5th. BidaskClub upgraded United Community Banks from a “hold” rating to a “buy” rating in a report on Saturday, October 31st. Keefe, Bruyette & Woods upgraded United Community Banks from a “market perform” rating to an “outperform” rating and set a $23.00 price target for the company in a report on Thursday, August 27th. Finally, Raymond James upgraded United Community Banks from a “market perform” rating to an “outperform” rating and set a $23.00 price target for the company in a report on Thursday, October 22nd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $24.14.

NASDAQ:UCBI opened at $24.75 on Friday. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 13.38 and a beta of 1.31. United Community Banks, Inc. has a 1 year low of $14.95 and a 1 year high of $31.66. The business has a 50 day simple moving average of $20.91 and a 200-day simple moving average of $19.09. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.88.

United Community Banks (NASDAQ:UCBI) last posted its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.21. The business had revenue of $177.14 million during the quarter, compared to analyst estimates of $147.17 million. United Community Banks had a return on equity of 9.58% and a net margin of 23.12%. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period last year, the company earned $0.63 EPS. As a group, analysts expect that United Community Banks, Inc. will post 1.63 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 5th. Stockholders of record on Tuesday, December 15th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Monday, December 14th. United Community Banks’s payout ratio is 30.25%.

United Community Banks Company Profile

United Community Banks, Inc operates as the bank holding company for United Community Bank that provides various banking products and services. The company accepts checking, savings, money market, negotiable order of withdrawal, time, and other deposit accounts, as well as certificates of deposit. Its loan products include commercial real estate, commercial and industrial, commercial construction, residential mortgage and construction, consumer direct loans, and indirect auto loans, as well as home equity lines of credits.

Further Reading: Technical Analysis

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

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