Sippican Capital Advisors Lowers Holdings in United Community Banks, Inc. (UCBI)

Sippican Capital Advisors decreased its holdings in shares of United Community Banks, Inc. (NASDAQ:UCBI) by 10.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,975 shares of the financial services provider’s stock after selling 2,807 shares during the period. Sippican Capital Advisors’ holdings in United Community Banks were worth $623,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of United Community Banks by 1.0% in the fourth quarter. BlackRock Inc. now owns 11,648,354 shares of the financial services provider’s stock valued at $249,973,000 after purchasing an additional 109,641 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of United Community Banks by 2.4% in the third quarter. Vanguard Group Inc now owns 7,523,220 shares of the financial services provider’s stock valued at $209,823,000 after purchasing an additional 177,250 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of United Community Banks by 2.4% in the third quarter. Vanguard Group Inc. now owns 7,523,220 shares of the financial services provider’s stock valued at $209,823,000 after purchasing an additional 177,250 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of United Community Banks by 13.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,406,632 shares of the financial services provider’s stock valued at $73,107,000 after purchasing an additional 398,806 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of United Community Banks by 0.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,347,729 shares of the financial services provider’s stock valued at $50,381,000 after purchasing an additional 18,590 shares during the last quarter. Hedge funds and other institutional investors own 89.40% of the company’s stock.

Several equities analysts recently weighed in on the stock. BidaskClub upgraded shares of United Community Banks from a “hold” rating to a “buy” rating in a research report on Tuesday, February 12th. Zacks Investment Research upgraded shares of United Community Banks from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, March 27th. ValuEngine upgraded shares of United Community Banks from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. SunTrust Banks increased their price target on shares of United Community Banks to $29.00 and gave the company a “hold” rating in a research report on Friday, January 25th. Finally, Stephens restated a “hold” rating and set a $27.00 price target on shares of United Community Banks in a research report on Wednesday, January 23rd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $29.33.

NASDAQ:UCBI traded up $0.19 on Wednesday, reaching $26.84. 4,843 shares of the company’s stock were exchanged, compared to its average volume of 543,864. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $2.11 billion, a PE ratio of 12.48 and a beta of 1.22. United Community Banks, Inc. has a 52 week low of $20.23 and a 52 week high of $34.18.

United Community Banks (NASDAQ:UCBI) last released its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. United Community Banks had a net margin of 27.81% and a return on equity of 12.27%. The company had revenue of $135.82 million during the quarter, compared to analyst estimates of $137.89 million. During the same period last year, the business earned $0.42 earnings per share. United Community Banks’s revenue was up 14.9% compared to the same quarter last year. Analysts anticipate that United Community Banks, Inc. will post 2.23 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.38%. United Community Banks’s dividend payout ratio (DPR) is currently 29.91%.

In related news, insider Bill M. Gilbert sold 4,246 shares of the firm’s stock in a transaction that occurred on Tuesday, January 29th. The shares were sold at an average price of $26.17, for a total value of $111,117.82. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Bradley J. Miller sold 8,627 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $29.16, for a total transaction of $251,563.32. The disclosure for this sale can be found here. Insiders sold 15,836 shares of company stock valued at $439,808 over the last 90 days. 1.18% of the stock is owned by company insiders.

TRADEMARK VIOLATION WARNING: This piece of content was first published by PressOracle and is owned by of PressOracle. If you are viewing this piece of content on another site, it was stolen and reposted in violation of US and international copyright law. The original version of this piece of content can be viewed at https://pressoracle.com/news/2019/04/17/sippican-capital-advisors-lowers-holdings-in-united-community-banks-inc-ucbi.html.

United Community Banks Profile

United Community Banks, Inc operates as the bank holding company for United Community Bank that provides retail and corporate banking services to individuals and businesses. It offers various deposit accounts, such as checking accounts, savings and time deposits accounts, NOW accounts, money market deposits, and certificates of deposit.

Recommended Story: What is total return in investing?

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:UCBI).

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.