United Community Banks, Inc.
About: United Community Banks Inc is a bank holding company that operates through its wholly-owned subsidiary, Union Community Bank. The bank has scores of offices throughout portions of Georgia, Tennessee, and the Carolinas. It has traditionally grown through the organic growth of existing offices and de novo locations, complemented by selective acquisitions. United 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, as well as secured and unsecured loans, wire transfers, brokerage services, and other financial services. The bank's loan portfolio is well-diversified but predominantly commercial.
Employees: 3,010
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
81.48% more ownership
Funds ownership: 0% [Q2] → 81.48% (+81.48%) [Q3]
48% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 31
12% more capital invested
Capital invested by funds: $2.52B [Q2] → $2.83B (+$306M) [Q3]
5% more funds holding
Funds holding: 259 [Q2] → 272 (+13) [Q3]
2% more repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 84
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Piper Sandler Stephen Scouten 86% 1-year accuracy 19 / 22 met price target | 14%downside $28 | Neutral Maintained | 25 Oct 2024 |
Truist Securities Brandon King 92% 1-year accuracy 49 / 53 met price target | 8%downside $30 | Hold Maintained | 25 Oct 2024 |
Financial journalist opinion
Based on 3 articles about UCB published over the past 30 days
