Advantage Alpha Capital Partners LP bought a new position in United Community Banks, Inc. (NASDAQ:UCB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 19,677 shares of the company's stock, valued at approximately $638,000.
Other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC acquired a new position in shares of United Community Banks in the fourth quarter valued at $80,000. Lee Danner & Bass Inc. acquired a new stake in shares of United Community Banks in the fourth quarter valued at $174,000. Patten & Patten Inc. TN bought a new position in shares of United Community Banks in the fourth quarter worth about $255,000. Commonwealth Equity Services LLC bought a new position in United Community Banks in the 4th quarter worth approximately $273,000. Finally, Xponance Inc. bought a new stake in shares of United Community Banks during the fourth quarter worth $278,000. 82.29% of the stock is currently owned by institutional investors.
Insider Transactions at United Community Banks
In related news, EVP Richard Bradshaw sold 1,527 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $32.72, for a total value of $49,963.44. Following the transaction, the executive vice president now owns 67,876 shares in the company, valued at approximately $2,220,902.72. This represents a 2.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sally Pope Davis acquired 1,800 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $28.19 per share, for a total transaction of $50,742.00. Following the transaction, the director now directly owns 3,264 shares in the company, valued at approximately $92,012.16. This trade represents a 122.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.54% of the stock is owned by company insiders.
United Community Banks Stock Down 2.6 %
Shares of United Community Banks stock traded down $0.75 during trading hours on Friday, reaching $27.81. 472,772 shares of the company's stock were exchanged, compared to its average volume of 625,856. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average of $31.38 and a two-hundred day moving average of $31.04. The stock has a market cap of $3.32 billion, a P/E ratio of 13.63 and a beta of 0.90. United Community Banks, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $35.38.
United Community Banks Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 3.45%. United Community Banks's dividend payout ratio is presently 47.06%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Piper Sandler boosted their price target 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. Raymond James upgraded United Community Banks from a "market perform" rating to an "outperform" rating and set a $35.00 target price on the stock in a report on Thursday, December 19th. Finally, Hovde Group reduced their price target 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.
Check Out Our Latest Analysis on UCB
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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