Truist Financial Corp Has $445,000 Stock Position in United Community Banks, Inc. (NASDAQ:UCBI)

Truist Financial Corp increased its position in shares of United Community Banks, Inc. (NASDAQ:UCBIGet Rating) by 6.1% in the third quarter, HoldingsChannel reports. The firm owned 13,455 shares of the financial services provider’s stock after purchasing an additional 779 shares during the period. Truist Financial Corp’s holdings in United Community Banks were worth $445,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado acquired a new stake in United Community Banks in the 2nd quarter valued at about $538,000. Cetera Advisor Networks LLC grew its position in shares of United Community Banks by 102.0% during the 2nd quarter. Cetera Advisor Networks LLC now owns 12,176 shares of the financial services provider’s stock worth $368,000 after buying an additional 6,149 shares during the period. Mutual of America Capital Management LLC grew its position in shares of United Community Banks by 16.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 17,630 shares of the financial services provider’s stock worth $532,000 after buying an additional 2,529 shares during the period. JCSD Capital LLC grew its position in shares of United Community Banks by 5.1% during the 2nd quarter. JCSD Capital LLC now owns 103,756 shares of the financial services provider’s stock worth $3,132,000 after buying an additional 5,000 shares during the period. Finally, Csenge Advisory Group grew its position in shares of United Community Banks by 16.2% during the 3rd quarter. Csenge Advisory Group now owns 21,489 shares of the financial services provider’s stock worth $711,000 after buying an additional 2,993 shares during the period. Institutional investors and hedge funds own 85.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on UCBI shares. Truist Financial lowered their price target on shares of United Community Banks from $39.00 to $34.00 and set a “hold” rating for the company in a research report on Friday. Piper Sandler lowered their price target on shares of United Community Banks from $40.00 to $36.00 and set an “overweight” rating for the company in a research report on Thursday, January 19th. StockNews.com cut shares of United Community Banks from a “hold” rating to a “sell” rating in a research report on Friday, January 13th. Finally, Janney Montgomery Scott cut shares of United Community Banks from a “buy” rating to a “neutral” rating in a research report on Thursday, January 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $35.00.

United Community Banks Stock Up 0.4 %

United Community Banks stock opened at $32.05 on Tuesday. The company’s 50 day simple moving average is $35.14 and its 200 day simple moving average is $34.74. United Community Banks, Inc. has a fifty-two week low of $27.85 and a fifty-two week high of $39.50. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 12.72 and a beta of 1.03. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.78 and a quick ratio of 0.78.

United Community Banks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 5th. Investors of record on Thursday, December 15th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend was Wednesday, December 14th. United Community Banks’s payout ratio is 34.92%.

United Community Banks Profile

(Get Rating)

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. The company accepts various deposit products, including checking, savings, money market, and other deposit accounts.

Further Reading

Want to see what other hedge funds are holding UCBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Community Banks, Inc. (NASDAQ:UCBIGet Rating).

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

Receive News & Ratings for United Community Banks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Community Banks and related companies with MarketBeat.com's FREE daily email newsletter.