Monashee Investment Management adds United Community Banks (UCBI) to its portfolio

United Community Banks (UCBI) : Monashee Investment Management added new position in United Community Banks during the most recent quarter end. The investment management firm now holds 25,000 shares of United Community Banks which is valued at $477,250 , the company said in a statement filed on Aug 2, 2016 with the SEC.United Community Banks makes up approximately 0.73% of Monashee Investment Management’s portfolio.

Other Hedge Funds, Including , Quantbot Technologies Lp boosted its stake in UCBI in the latest quarter, The investment management firm added 4,403 additional shares and now holds a total of 15,539 shares of United Community Banks which is valued at $296,640. United Community Banks makes up approx 0.03% of Quantbot Technologies Lp’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. American Century Companies Inc added UCBI to its portfolio by purchasing 18,693 company shares during the most recent quarter which is valued at $362,831.Louisiana State Employees Retirement System boosted its stake in UCBI in the latest quarter, The investment management firm added 4,100 additional shares and now holds a total of 31,100 shares of United Community Banks which is valued at $603,651. United Community Banks makes up approx 0.03% of Louisiana State Employees Retirement System’s portfolio.

United Community Banks closed down -0.09 points or -0.45% at $19.76 with 2,52,965 shares getting traded on Monday. Post opening the session at $19.89, the shares hit an intraday low of $19.65 and an intraday high of $19.98 and the price fluctuated in this range throughout the day.Shares ended Monday 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 Company’s 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.

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