Here’s Why You Should Invest in United Community Banks (UCBI)

Chartwell Investment Partners, an affiliate of Carillon Tower Advisers, an investment management company, released its “Carillon Chartwell Small Cap Value Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. The fund outperformed in the quarter relative to its benchmark Russell 2000 Value Index. Among the sectors, Financial Services, Healthcare, and Energy were the strongest, and the interest-sensitive REITs and Utilities sectors were the weakest performers in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Carillon Tower Advisers highlighted stocks like United Community Banks, Inc. (NASDAQ:UCBI) in its Q3 2022 investor letter. Headquartered in Blairsville, Georgia, United Community Banks, Inc. (NASDAQ:UCBI) is a financial holding company. On December 30, 2022, United Community Banks, Inc. (NASDAQ:UCBI) stock closed at $33.80 per share. One-month return of United Community Banks, Inc. (NASDAQ:UCBI) was -12.28%, and its shares lost 5.95% of their value over the last 52 weeks. United Community Banks, Inc. (NASDAQ:UCBI) has a market capitalization of $3.589 billion.

Carillon Tower Advisers made the following comment about United Community Banks, Inc. (NASDAQ:UCBI) in its Q3 2022 investor letter:

United Community Banks, Inc. (NASDAQ:UCBI) offers consumer and business banking services through 150 branches in GA, NC, TN, and SC. Solid loan growth, higher net interest margin, and improved credit metrics were well-received by investors.”

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United Community Banks, Inc. (NASDAQ:UCBI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 8 hedge fund portfolios held United Community Banks, Inc. (NASDAQ:UCBI) at the end of the third quarter, which was 7 in the previous quarter. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.