Blair William & Co. IL acquired a new stake in United Community Banks, Inc. (NASDAQ:UCB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 216,443 shares of the company's stock, valued at approximately $6,993,000. Blair William & Co. IL owned 0.18% of United Community Banks as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in UCB. Vanguard Group Inc. bought a new stake in United Community Banks during the 4th quarter worth approximately $450,141,000. Segall Bryant & Hamill LLC acquired a new position in shares of United Community Banks during the fourth quarter worth approximately $27,535,000. JPMorgan Chase & Co. bought a new position in United Community Banks in the 4th quarter valued at about $21,599,000. Sei Investments Co. purchased a new position in United Community Banks during the 4th quarter worth $11,881,000. Finally, Swiss National Bank purchased a new position in United Community Banks during the fourth quarter worth about $7,573,000. 82.29% of the stock is owned by institutional investors.
Insider Buying and Selling
In other news, Director Sally Pope Davis purchased 1,800 shares of the stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $28.19 per share, with a total value of $50,742.00. Following the transaction, the director now owns 3,264 shares in the company, valued at $92,012.16. The trade was a 122.95 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO H Lynn Harton sold 31,679 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $33.84, for a total value of $1,072,017.36. Following the sale, the chief executive officer now directly owns 112,444 shares in the company, valued at $3,805,104.96. This represents a 21.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
UCB has been the topic of a number of recent research reports. Raymond James upgraded United Community Banks from a "market perform" rating to an "outperform" rating and set a $35.00 price target for the company in a research note on Thursday, December 19th. Hovde Group decreased their target price on United Community Banks from $36.00 to $32.00 and set a "market perform" rating on the stock in a research note on Thursday, March 20th. Finally, Piper Sandler lifted their price target on United Community Banks from $32.00 to $35.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd.
Get Our Latest Stock Report on UCB
United Community Banks Stock Performance
Shares of NASDAQ UCB traded down $0.40 during trading on Tuesday, hitting $27.73. The company had a trading volume of 703,053 shares, compared to its average volume of 627,996. United Community Banks, Inc. has a 12 month low of $25.64 and a 12 month high of $35.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market capitalization of $3.31 billion, a P/E ratio of 13.59 and a beta of 0.90. The stock has a 50 day simple moving average of $31.29 and a 200 day simple moving average of $31.08.
United Community Banks Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date is Friday, March 14th. United Community Banks's dividend payout ratio (DPR) is 47.06%.
United Community Banks Profile
(
Free Report)
United Community Banks, Inc operates as the financial holding company for United Community Bank that provides financial products and services to commercial, retail, government, education, energy, health care, and real estate sectors. It accepts various deposit products, including checking, savings, money market, and other deposit accounts.
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