United Community Banks (UCBI) : Patriot Financial Partners Gp Lp has sold out all of its stake in United Community Banks during the most recent quarter, according to the disclosure filed by the company on Aug 9, 2016 with the SEC. The investment management company has sold out 382,939 shares of United Community Banks which is valued at $7,570,704.
Other Hedge Funds, Including , Nine Chapters Capital Management sold out all of its stake in UCBI during the most recent quarter. The investment firm sold 12,800 shares of UCBI which is valued $252,928.Los Angeles Capital Management Equity Research Inc reduced its stake in UCBI by selling 14,414 shares or 42.6% in the most recent quarter. The Hedge Fund company now holds 19,419 shares of UCBI which is valued at $383,914.Swiss National Bank boosted its stake in UCBI in the latest quarter, The investment management firm added 14,500 additional shares and now holds a total of 106,900 shares of United Community Banks which is valued at $2,040,721.California State Teachers Retirement System boosted its stake in UCBI in the latest quarter, The investment management firm added 34,345 additional shares and now holds a total of 147,184 shares of United Community Banks which is valued at $2,809,743. United Community Banks makes up approx 0.01% of California State Teachers Retirement System’s portfolio.First Citizens Bank Trust Co reduced its stake in UCBI by selling 2,761 shares or 9.61% in the most recent quarter. The Hedge Fund company now holds 25,959 shares of UCBI which is valued at $499,451. United Community Banks makes up approx 0.04% of First Citizens Bank Trust Co’s portfolio.
United Community Banks closed down -0.02 points or -0.10% at $19.73 with 2,99,582 shares getting traded on Wednesday. Post opening the session at $19.69, the shares hit an intraday low of $19.6 and an intraday high of $19.86 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, United Community Banks reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.35.Analysts expectations of $ 96.75.During the same quarter in the previous year, the company posted $0.32 EPS.
Investors should note that on Jul 27, 2016, United Community Banks announced a cash dividend of $0.0800. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Oct 5, 2016.
United Community Banks Inc. is a bank holding company. The Companys principal business is conducted by its wholly owned subsidiary United Community Bank (the Bank). The Bank is a chartered commercial bank that serves markets throughout north Georgia coastal Georgia the Atlanta Georgia MSA the Gainesville Georgia MSA western North Carolina the Greenville South Carolina MSA and east and central Tennessee and provides a full range of banking services. The Company conducts substantially all of its operations through a community focused operating model of separate community banks. The community banks offer a full range of retail and corporate banking services including checking savings and time deposit accounts secured and unsecured loans wire transfers brokerage services and other financial services.