SG Americas Securities LLC Purchases Shares of 3,926 United Community Banks, Inc. (NASDAQ:UCBI)

SG Americas Securities LLC purchased a new stake in United Community Banks, Inc. (NASDAQ:UCBI) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,926 shares of the financial services provider’s stock, valued at approximately $115,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its stake in shares of United Community Banks by 0.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 50,579 shares of the financial services provider’s stock worth $1,710,000 after acquiring an additional 341 shares during the period. Advisor Group Holdings Inc. boosted its stake in shares of United Community Banks by 6.8% during the 1st quarter. Advisor Group Holdings Inc. now owns 5,498 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 351 shares during the period. State of Wyoming boosted its stake in shares of United Community Banks by 25.9% during the 2nd quarter. State of Wyoming now owns 1,898 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 390 shares during the period. Eagle Bay Advisors LLC boosted its stake in shares of United Community Banks by 97.5% during the 2nd quarter. Eagle Bay Advisors LLC now owns 960 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 474 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in shares of United Community Banks by 0.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 90,617 shares of the financial services provider’s stock worth $3,234,000 after acquiring an additional 482 shares during the period. 82.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on UCBI shares. TheStreet downgraded United Community Banks from a “b” rating to a “c+” rating in a research note on Wednesday, January 24th. StockNews.com raised United Community Banks to a “sell” rating in a report on Wednesday, January 17th. Piper Sandler lifted their price target on United Community Banks from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. DA Davidson reissued a “buy” rating on shares of United Community Banks in a report on Monday, January 15th. Finally, 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 report on Monday, April 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.00.

United Community Banks Price Performance

Shares of NASDAQ UCBI opened at $24.70 on Friday. The stock has a market capitalization of $2.94 billion, a PE ratio of 15.94 and a beta of 0.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.81 and a quick ratio of 0.81. The business has a fifty day moving average price of $25.72 and a two-hundred day moving average price of $26.19. United Community Banks, Inc. has a fifty-two week low of $20.37 and a fifty-two week high of $30.75.

United Community Banks (NASDAQ:UCBI) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. The firm had revenue of $165.70 million during the quarter, compared to analysts’ expectations of $226.07 million. United Community Banks had a return on equity of 8.32% and a net margin of 14.29%. The company’s quarterly revenue was down 25.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 EPS. As a group, equities analysts predict that United Community Banks, Inc. will post 2.19 earnings per share for the current fiscal year.

United Community Banks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.23 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.92 annualized dividend and a yield of 3.72%. United Community Banks’s dividend payout ratio is presently 59.35%.

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.