United Community Banks, Inc. (NASDAQ:UCBI) Holdings Decreased by Mayfair Advisory Group LLC

Mayfair Advisory Group LLC lessened its stake in shares of United Community Banks, Inc. (NASDAQ:UCBI) by 17.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,011 shares of the financial services provider’s stock after selling 9,166 shares during the quarter. United Community Banks comprises about 0.8% of Mayfair Advisory Group LLC’s investment portfolio, making the stock its 28th biggest holding. Mayfair Advisory Group LLC’s holdings in United Community Banks were worth $1,158,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UCBI. GAMMA Investing LLC acquired a new stake in shares of United Community Banks in the fourth quarter valued at $72,000. SG Americas Securities LLC acquired a new stake in United Community Banks in the 4th quarter valued at about $115,000. FinTrust Capital Advisors LLC boosted its position in shares of United Community Banks by 12.5% during the 4th quarter. FinTrust Capital Advisors LLC now owns 4,493 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 500 shares in the last quarter. TFO Wealth Partners LLC grew its stake in shares of United Community Banks by 111,360.0% in the 4th quarter. TFO Wealth Partners LLC now owns 5,573 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 5,568 shares during the last quarter. Finally, Strs Ohio raised its holdings in shares of 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 purchasing an additional 900 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

United Community Banks Stock Up 1.0 %

Shares of UCBI traded up $0.26 during trading hours on Friday, hitting $25.46. 1,713,752 shares of the company were exchanged, compared to its average volume of 461,560. The firm’s 50 day moving average is $25.64 and its 200-day moving average is $26.57. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.81 and a current ratio of 0.81. United Community Banks, Inc. has a 52 week low of $21.63 and a 52 week high of $30.75. The company has a market cap of $3.03 billion, a PE ratio of 16.53 and a beta of 0.92.

United Community Banks (NASDAQ:UCBI) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $0.52 earnings per share (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 firm had revenue of $225.80 million during the quarter, compared to analysts’ expectations of $232.00 million. During the same quarter in the prior year, the business earned $0.58 earnings per share. The company’s revenue was down 6.6% on a year-over-year basis. On average, equities research analysts forecast that United Community Banks, Inc. will post 2.12 EPS for the current fiscal year.

United Community Banks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Saturday, June 15th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Friday, June 14th. United Community Banks’s dividend payout ratio (DPR) is currently 59.74%.

Analyst Upgrades and Downgrades

UCBI has been the topic of several recent research reports. Piper Sandler decreased their price target on shares of United Community Banks from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. Truist Financial reduced their target price on United Community Banks from $31.00 to $28.00 and set a “hold” rating for the company in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $30.60.

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.