United Community Banks (UCBI) : Maltese Capital Management reduced its stake in United Community Banks by 4.12% during the most recent quarter end. The investment management company now holds a total of 775,000 shares of United Community Banks which is valued at $15.1 Million after selling 33,300 shares in United Community Banks , the firm said in a disclosure report filed with the SEC on May 13, 2016.United Community Banks makes up approximately 1.97% of Maltese Capital Management’s portfolio.
Other Hedge Funds, Including , Susquehanna International Group Llp added UCBI to its portfolio by purchasing 10,039 company shares during the most recent quarter which is valued at $195,660. Stieven Capital Advisors sold out all of its stake in UCBI during the most recent quarter. The investment firm sold 248,550 shares of UCBI which is valued $4.8 Million. Mckinley Capital Management Delaware sold out all of its stake in UCBI during the most recent quarter. The investment firm sold 213,101 shares of UCBI which is valued $4.2 Million.
United Community Banks opened for trading at $20 and hit $20.41 on the upside on Wednesday, eventually ending the session at $20.29, with a gain of 1.76% or 0.35 points. The heightened volatility saw the trading volume jump to 9,11,052 shares. Company has a market cap of $1,452 M.
On the company’s financial health, United Community Banks reported $0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.32.Analysts expectations of $ 94.12.During the same quarter in the previous year, the company posted $0.29 EPS.
Investors should note that on May 13, 2016, United Community Banks announced a cash dividend of $0.0700. The company’s management has announced Jun 13, 2016 as the ex-dividend date and fixed the record date on Jun 15, 2016. The payable date has been fixed on Jul 1, 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.