11,194 Shares in United Community Banks, Inc. (NASDAQ:UCB) Bought by Cibc World Markets Corp

Cibc World Markets Corp purchased a new position in shares of United Community Banks, Inc. (NASDAQ:UCB - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 11,194 shares of the company's stock, valued at approximately $362,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC purchased a new stake in shares of United Community Banks in the fourth quarter worth approximately $80,000. Patten & Patten Inc. TN bought a new stake in United Community Banks during the fourth quarter worth $255,000. Commonwealth Equity Services LLC purchased a new stake in United Community Banks in the 4th quarter valued at $273,000. Natixis Advisors LLC bought a new position in United Community Banks during the 4th quarter valued at $498,000. Finally, Great Lakes Advisors LLC purchased a new position in United Community Banks during the 4th quarter worth $3,050,000. Institutional investors own 82.29% of the company's stock.

United Community Banks Stock Performance

UCB stock traded down $0.75 during mid-day trading on Friday, hitting $27.81. The company had a trading volume of 472,772 shares, compared to its average volume of 625,856. 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 cap of $3.32 billion, a PE ratio of 13.63 and a beta of 0.90. United Community Banks, Inc. has a 12 month low of $26.00 and a 12 month high of $35.38. The stock's fifty day moving average price is $31.47 and its two-hundred day moving average price is $31.05.

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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 issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.45%. The ex-dividend date is Friday, March 14th. United Community Banks's dividend payout ratio (DPR) is 47.06%.

Insiders Place Their Bets

In other United Community Banks news, Director Sally Pope Davis purchased 1,800 shares of the stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $28.19 per share, with a total value of $50,742.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO H Lynn Harton sold 31,679 shares of the firm'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 transaction of $1,072,017.36. Following the completion of the transaction, the chief executive officer now directly owns 112,444 shares of the company's stock, valued at approximately $3,805,104.96. This trade represents a 21.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.54% of the company's stock.

Wall Street Analyst Weigh In

UCB has been the topic of a number of recent analyst reports. Piper Sandler raised their price target 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 cut 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, Raymond James raised 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 report on Thursday, December 19th.

United Community Banks 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.