Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys New Position in United Community Banks, Inc. (NASDAQ:UCB)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of United Community Banks, Inc. (NASDAQ:UCB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 25,466 shares of the company's stock, valued at approximately $823,000.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new stake in United Community Banks in the 4th quarter worth approximately $80,000. Patten & Patten Inc. TN purchased a new stake in shares of United Community Banks in the fourth quarter worth $255,000. Commonwealth Equity Services LLC purchased a new position in United Community Banks during the fourth quarter valued at $273,000. Xponance Inc. purchased a new stake in shares of United Community Banks in the fourth quarter worth about $278,000. Finally, Cibc World Markets Corp purchased a new position in United Community Banks during the 4th quarter valued at approximately $362,000. Institutional investors own 82.29% of the company's stock.

Insiders Place Their Bets

In other United Community Banks news, EVP Richard Bradshaw sold 1,527 shares of the company's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $32.72, for a total transaction of $49,963.44. Following the completion of the sale, the executive vice president now owns 67,876 shares in the company, valued at $2,220,902.72. This represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sally Pope Davis purchased 1,800 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $28.19 per share, for a total transaction of $50,742.00. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. Company insiders own 0.54% of the company's stock.

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Analyst Upgrades and Downgrades

UCB has been the subject of several analyst reports. Raymond James raised 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. Hovde Group decreased their price objective on shares of United Community Banks from $36.00 to $32.00 and set a "market perform" rating for the company in a research note on Thursday, March 20th. Finally, Piper Sandler boosted their target price on United Community Banks from $32.00 to $35.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd.

United Community Banks Trading Down 2.6 %

Shares of NASDAQ:UCB traded down $0.75 during trading on Friday, reaching $27.81. 472,772 shares of the company were exchanged, compared to its average volume of 625,857. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market capitalization of $3.32 billion, a PE ratio of 13.63 and a beta of 0.90. The business's fifty day simple moving average is $31.38 and its 200-day simple moving average is $31.08. United Community Banks, Inc. has a 12-month low of $26.00 and a 12-month high of $35.38.

United Community Banks Dividend Announcement

The company also recently announced 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 3.45%. The ex-dividend date is Friday, March 14th. United Community Banks's dividend payout ratio (DPR) is presently 47.06%.

About United Community Banks

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.