United Community Banks, Inc. (UCBI) Shares Sold by BNP Paribas Arbitrage SA

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BNP Paribas Arbitrage SA lowered its stake in shares of United Community Banks, Inc. (NASDAQ:UCBI) by 45.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,174 shares of the financial services provider’s stock after selling 46,322 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in United Community Banks were worth $1,375,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UCBI. Comerica Bank lifted its position in United Community Banks by 0.5% during the 4th quarter. Comerica Bank now owns 77,636 shares of the financial services provider’s stock valued at $2,030,000 after purchasing an additional 420 shares during the period. Public Employees Retirement System of Ohio lifted its position in United Community Banks by 60.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,218 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 458 shares during the period. Amalgamated Bank lifted its position in United Community Banks by 4.8% during the 4th quarter. Amalgamated Bank now owns 11,262 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 517 shares during the period. Boston Advisors LLC lifted its position in United Community Banks by 1.5% during the 1st quarter. Boston Advisors LLC now owns 39,051 shares of the financial services provider’s stock valued at $974,000 after purchasing an additional 580 shares during the period. Finally, Piedmont Investment Advisors Inc. lifted its position in United Community Banks by 3.4% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 18,835 shares of the financial services provider’s stock valued at $404,000 after purchasing an additional 618 shares during the period. 90.50% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on UCBI shares. Zacks Investment Research upgraded shares of United Community Banks from a “sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Stephens restated a “hold” rating and set a $27.00 target price on shares of United Community Banks in a research report on Wednesday, January 23rd. SunTrust Banks upped their target price on shares of United Community Banks to $29.00 and gave the company a “hold” rating in a research report on Friday, January 25th. ValuEngine upgraded shares of United Community Banks from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. Finally, BidaskClub upgraded shares of United Community Banks from a “hold” rating to a “buy” rating in a research report on Tuesday, February 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $29.33.

United Community Banks stock opened at $27.96 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.82 and a current ratio of 0.83. United Community Banks, Inc. has a 1 year low of $20.23 and a 1 year high of $34.18. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 13.07 and a beta of 1.25.

United Community Banks (NASDAQ:UCBI) last announced its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. The business had revenue of $133.30 million for the quarter, compared to the consensus estimate of $137.03 million. United Community Banks had a net margin of 27.98% and a return on equity of 12.33%. United Community Banks’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the company posted $0.50 EPS. On average, analysts forecast that United Community Banks, Inc. will post 2.27 earnings per share for the current year.

In related news, EVP Bradley J. Miller sold 8,627 shares of the stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $29.16, for a total value of $251,563.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.18% of the company’s stock.

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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.

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

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