FinTrust Capital Advisors LLC Increases Stock Holdings in United Community Banks, Inc. (NASDAQ:UCBI)

FinTrust Capital Advisors LLC increased its holdings in shares of United Community Banks, Inc. (NASDAQ:UCBI) by 15.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,543 shares of the financial services provider’s stock after purchasing an additional 462 shares during the period. FinTrust Capital Advisors LLC’s holdings in United Community Banks were worth $60,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Federated Hermes Inc. grew its stake in United Community Banks by 15,312.5% during the 2nd quarter. Federated Hermes Inc. now owns 130,544 shares of the financial services provider’s stock valued at $2,627,000 after purchasing an additional 129,697 shares during the last quarter. PDT Partners LLC grew its stake in United Community Banks by 6.0% during the 2nd quarter. PDT Partners LLC now owns 18,323 shares of the financial services provider’s stock valued at $369,000 after purchasing an additional 1,029 shares during the last quarter. Marshall Wace LLP purchased a new stake in United Community Banks during the 2nd quarter valued at about $1,514,000. Barclays PLC grew its stake in United Community Banks by 24.5% during the 2nd quarter. Barclays PLC now owns 80,329 shares of the financial services provider’s stock valued at $1,615,000 after purchasing an additional 15,823 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in United Community Banks by 11.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,128,847 shares of the financial services provider’s stock valued at $42,832,000 after purchasing an additional 225,041 shares during the last quarter. Hedge funds and other institutional investors own 80.36% of the company’s stock.

Shares of UCBI stock opened at $24.75 on Friday. The stock has a market cap of $2.14 billion, a PE ratio of 13.38 and a beta of 1.31. United Community Banks, Inc. has a 52-week low of $14.95 and a 52-week high of $31.66. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.19. The business has a 50-day simple moving average of $20.91 and a 200-day simple moving average of $19.09.

United Community Banks (NASDAQ:UCBI) last released its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.21. The company had revenue of $177.14 million during the quarter, compared to analysts’ expectations of $147.17 million. United Community Banks had a return on equity of 9.58% and a net margin of 23.12%. United Community Banks’s quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 EPS. Sell-side analysts anticipate that United Community Banks, Inc. will post 1.63 earnings per share for the current fiscal year.

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

Several research firms have weighed in on UCBI. ValuEngine upgraded United Community Banks from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Keefe, Bruyette & Woods upgraded United Community Banks from a “market perform” rating to an “outperform” rating and set a $23.00 price target on the stock in a research note on Thursday, August 27th. BidaskClub upgraded United Community Banks from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. Raymond James raised United Community Banks from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a report on Thursday, October 22nd. Finally, TheStreet raised United Community Banks from a “c+” rating to a “b” rating in a report on Thursday, November 5th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $24.14.

United Community Banks 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.

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

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