Bank of Montreal Can Makes New Investment in United Community Banks, Inc. (NASDAQ:UCB)

Bank of Montreal Can bought a new stake in United Community Banks, Inc. (NASDAQ:UCB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 15,721 shares of the company's stock, valued at approximately $508,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in UCB. Nomura Asset Management Co. Ltd. acquired a new stake in United Community Banks in the fourth quarter worth about $31,000. Quadrant Capital Group LLC bought a new position in shares of United Community Banks in the 4th quarter valued at about $45,000. Farther Finance Advisors LLC acquired a new stake in shares of United Community Banks during the 4th quarter worth approximately $80,000. Lee Danner & Bass Inc. bought a new stake in shares of United Community Banks during the fourth quarter worth approximately $174,000. Finally, Landscape Capital Management L.L.C. acquired a new position in United Community Banks in the fourth quarter valued at approximately $219,000. Institutional investors own 82.29% of the company's stock.

Insider Buying and Selling

In other United Community Banks news, CEO H Lynn Harton sold 31,679 shares of the business's stock in a transaction that occurred on 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sally Pope Davis purchased 1,800 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $28.19 per share, with a total value of $50,742.00. Following the completion of the purchase, the director now directly owns 3,264 shares in the company, valued at approximately $92,012.16. This 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.

Wall Street Analyst Weigh In

Several analysts have commented on UCB shares. Piper Sandler upped their target price on shares of United Community Banks from $32.00 to $35.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Hovde Group raised United Community Banks from a "market perform" rating to an "outperform" rating and cut their target price for the company from $32.00 to $31.00 in a research note on Monday, April 7th.

United Community Banks Price Performance

UCB opened at $24.56 on Tuesday. United Community Banks, Inc. has a 12 month low of $22.93 and a 12 month high of $35.38. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.08. The stock has a market cap of $2.93 billion, a P/E ratio of 12.04 and a beta of 0.80. The company has a fifty day simple moving average of $28.36 and a 200 day simple moving average of $30.58.

United Community Banks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend was Friday, March 14th. United Community Banks's dividend payout ratio (DPR) is presently 47.06%.

United Community Banks Company Profile

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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