United Community Banks, Inc. $UCB Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in United Community Banks, Inc. (NYSE:UCB) by 239.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,662 shares of the company’s stock after purchasing an additional 17,396 shares during the period. Hsbc Holdings PLC’s holdings in United Community Banks were worth $770,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Ruffer LLP bought a new position in United Community Banks in the 4th quarter worth approximately $3,053,000. Horizon Investments LLC bought a new stake in United Community Banks during the 4th quarter valued at $1,153,000. GSA Capital Partners LLP acquired a new position in United Community Banks during the 4th quarter worth $1,941,000. SG Americas Securities LLC boosted its position in United Community Banks by 163.9% during the 4th quarter. SG Americas Securities LLC now owns 56,243 shares of the company’s stock worth $1,756,000 after acquiring an additional 34,932 shares during the period. Finally, Diversified Trust Co. acquired a new position in United Community Banks during the 4th quarter worth $794,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

Insider Buying and Selling at United Community Banks

In related news, EVP Richard Bradshaw sold 1,510 shares of United Community Banks stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $33.09, for a total value of $49,965.90. Following the transaction, the executive vice president owned 84,497 shares of the company’s stock, valued at approximately $2,796,005.73. This trade represents a 1.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

UCB has been the topic of a number of research analyst reports. Weiss Ratings raised United Community Banks from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 30th. Piper Sandler reduced their price objective on shares of United Community Banks from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, June 17th. Wall Street Zen downgraded shares of United Community Banks from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. DA Davidson upped their price target on shares of United Community Banks from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Finally, Hovde Group decreased their price objective on shares of United Community Banks from $38.00 to $37.00 and set a “market perform” rating for the company in a report on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.40.

United Community Banks Price Performance

NYSE UCB opened at $35.62 on Wednesday. United Community Banks, Inc. has a 1 year low of $28.65 and a 1 year high of $36.77. The business’s fifty day moving average is $33.81 and its two-hundred day moving average is $33.27. The stock has a market capitalization of $4.26 billion, a P/E ratio of 13.10 and a beta of 0.81. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.82 and a current ratio of 0.82.

United Community Banks (NYSE:UCB) last released its quarterly earnings data on Tuesday, April 21st. The company reported $0.70 earnings per share for the quarter, hitting the consensus estimate of $0.70. The business had revenue of $278.26 million during the quarter. United Community Banks had a return on equity of 9.65% and a net margin of 22.05%.The business’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 earnings per share. On average, research analysts forecast that United Community Banks, Inc. will post 3.02 earnings per share for the current fiscal year.

United Community Banks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Monday, June 15th were given a $0.25 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.8%. United Community Banks’s dividend payout ratio (DPR) is 36.76%.

United Community Banks Company Profile

United Community Banks, Inc (NYSE: UCB) is a bank holding company headquartered in Blairsville, Georgia. It operates primarily through its subsidiary, United Community Bank, providing a broad range of banking and financial services to individual, business and governmental customers. The company’s core offerings include deposit accounts, commercial and consumer lending, mortgage origination, treasury and cash management services, and wealth management.

In addition to traditional banking products such as checking, savings and money market accounts, United Community Bank specializes in commercial real estate financing, small business administration (SBA) loans, equipment financing and agricultural lending.