United Community Banks, Inc. (NASDAQ:UCBI) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System trimmed its holdings in shares of United Community Banks, Inc. (NASDAQ:UCBI) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,242 shares of the financial services provider’s stock after selling 535 shares during the period. Maryland State Retirement & Pension System’s holdings in United Community Banks were worth $1,265,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Carmel Capital Partners LLC purchased a new stake in shares of United Community Banks in the 3rd quarter valued at approximately $36,000. GAMMA Investing LLC purchased a new stake in United Community Banks in the 4th quarter worth approximately $72,000. SG Americas Securities LLC purchased a new stake in United Community Banks in the 4th quarter worth approximately $115,000. Strs Ohio lifted its position in United Community Banks by 17.6% in the 4th quarter. Strs Ohio now owns 6,000 shares of the financial services provider’s stock worth $175,000 after buying an additional 900 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new stake in United Community Banks in the 4th quarter worth approximately $203,000. 82.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

UCBI has been the subject of a number of research analyst reports. DA Davidson reiterated a “buy” rating on shares of United Community Banks in a research report on Monday, January 15th. StockNews.com upgraded shares of United Community Banks to a “sell” rating in a research report on Wednesday, January 17th. TheStreet downgraded shares of United Community Banks from a “b” rating to a “c+” rating in a research report on Wednesday, January 24th. Piper Sandler cut their target price on shares of United Community Banks from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Finally, Truist Financial cut their price target on shares of United Community Banks from $31.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $30.60.

United Community Banks Stock Performance

Shares of UCBI opened at $26.37 on Thursday. The company has a market capitalization of $3.14 billion, a PE ratio of 17.12 and a beta of 0.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.81 and a quick ratio of 0.81. United Community Banks, Inc. has a one year low of $20.78 and a one year high of $30.75. The company’s fifty day moving average price is $25.54 and its 200 day moving average price is $26.29.

United Community Banks (NASDAQ:UCBI) last posted its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. United Community Banks had a return on equity of 8.02% and a net margin of 13.62%. The business had revenue of $225.80 million for the quarter, compared to analyst estimates of $232.00 million. During the same period in the previous year, the company posted $0.58 earnings per share. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, analysts expect that United Community Banks, Inc. will post 2.12 earnings per share for the current year.

United Community Banks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.49%. United Community Banks’s dividend payout ratio (DPR) is presently 59.74%.

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.