XTX Topco Ltd Purchases New Stake in United Community Banks, Inc. (NASDAQ:UCB)

XTX Topco Ltd purchased a new stake in shares of United Community Banks, Inc. (NASDAQ:UCB) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 9,196 shares of the company’s stock, valued at approximately $259,000.

Several other large investors have also made changes to their positions in the company. Versant Capital Management Inc acquired a new position in United Community Banks in the first quarter worth approximately $37,000. Public Employees Retirement System of Ohio acquired a new stake in shares of United Community Banks in the fourth quarter worth $42,000. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of United Community Banks in the first quarter worth $45,000. Tower Research Capital LLC TRC acquired a new stake in shares of United Community Banks in the fourth quarter worth $59,000. Finally, CWM LLC acquired a new stake in United Community Banks during the first quarter worth $62,000. Institutional investors own 82.29% of the company’s stock.

Insider Activity

In related news, EVP Richard Bradshaw sold 1,616 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $30.94, for a total value of $49,999.04. Following the completion of the transaction, the executive vice president directly owned 78,395 shares in the company, valued at approximately $2,425,541.30. The trade was a 2.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.43% of the company’s stock.

United Community Banks Stock Down 0.2%

Shares of NASDAQ UCB opened at $29.65 on Tuesday. The firm’s 50-day simple moving average is $30.13 and its 200 day simple moving average is $29.47. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 14.53 and a beta of 0.83. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.08. United Community Banks, Inc. has a 12-month low of $22.93 and a 12-month high of $35.38.

United Community Banks (NASDAQ:UCB) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05. United Community Banks had a return on equity of 8.64% and a net margin of 16.48%. United Community Banks’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, research analysts expect that United Community Banks, Inc. will post 2.52 earnings per share for the current fiscal year.

United Community Banks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Sunday, June 15th were given a $0.24 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.96 annualized dividend and a dividend yield of 3.2%. United Community Banks’s payout ratio is currently 43.64%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of United Community Banks from $32.00 to $34.00 and gave the stock a “market perform” rating in a research note on Monday, July 28th. Hovde Group boosted their target price on shares of United Community Banks from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Raymond James Financial restated a “market perform” rating on shares of United Community Banks in a research note on Tuesday, July 8th. DA Davidson boosted their target price on shares of United Community Banks from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Finally, Stephens reiterated an “overweight” rating and set a $36.00 price target on shares of United Community Banks in a research report on Wednesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $34.57.

United Community Banks Company Profile

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.