StoneX Group Inc. bought a new stake in shares of United Community Banks, Inc. (NASDAQ:UCB - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 42,048 shares of the company's stock, valued at approximately $1,369,000.
A number of other institutional investors have also recently added to or reduced their stakes in UCB. Nomura Asset Management Co. Ltd. acquired a new position in shares of United Community Banks during the fourth quarter valued at approximately $31,000. Farther Finance Advisors LLC purchased a new stake in shares of United Community Banks during the fourth quarter worth approximately $80,000. Lee Danner & Bass Inc. acquired a new position in United Community Banks in the 4th quarter valued at $174,000. Orion Portfolio Solutions LLC acquired a new position in United Community Banks in the 4th quarter valued at $232,000. Finally, Patten & Patten Inc. TN purchased a new position in United Community Banks in the 4th quarter valued at $255,000. Institutional investors and hedge funds own 82.29% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the stock. Hovde Group dropped their target price on shares of United Community Banks from $36.00 to $32.00 and set a "market perform" rating for the company in a report on Thursday, March 20th. Raymond James raised shares of United Community Banks from a "market perform" rating to an "outperform" rating and set a $35.00 price objective for the company in a research note on Thursday, December 19th. Finally, Piper Sandler raised their target price on shares of United Community Banks from $32.00 to $35.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd.
Read Our Latest Research Report on UCB
Insider Buying and Selling at United Community Banks
In other news, EVP Richard Bradshaw sold 1,527 shares of United Community Banks stock in a transaction on Monday, January 27th. The stock was sold at an average price of $32.72, for a total value of $49,963.44. Following the completion of the sale, the executive vice president now directly owns 67,876 shares of the company's stock, valued at approximately $2,220,902.72. The trade was a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 transaction, the chief executive officer now directly owns 112,444 shares in the company, valued at approximately $3,805,104.96. The trade was a 21.98 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.
United Community Banks Trading Down 5.0 %
Shares of NASDAQ UCB traded down $1.28 during midday trading on Friday, reaching $24.18. 1,269,296 shares of the stock were exchanged, compared to its average volume of 637,245. United Community Banks, Inc. has a twelve month low of $23.41 and a twelve 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 stock has a market capitalization of $2.89 billion, a P/E ratio of 11.85 and a beta of 0.80. The company has a 50 day simple moving average of $30.75 and a 200 day simple moving average of $30.98.
United Community Banks Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a $0.24 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 3.97%. United Community Banks's dividend payout ratio (DPR) is currently 47.06%.
United Community Banks Company 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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