Insider Selling: United Community Banks, Inc. (NASDAQ:UCB) EVP Sells 1,527 Shares of Stock

United Community Banks, Inc. (NASDAQ:UCB - Get Free Report) EVP Richard Bradshaw sold 1,527 shares of the business's stock in a transaction that occurred on Monday, January 27th. The shares were 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 owns 67,876 shares of the company's stock, valued at $2,220,902.72. The trade was a 2.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

United Community Banks Price Performance

UCB stock traded up $0.53 during midday trading on Monday, hitting $33.50. The stock had a trading volume of 765,709 shares, compared to its average volume of 665,776. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 16.42 and a beta of 0.93. The stock's 50-day moving average price is $32.67. United Community Banks, Inc. has a 52-week low of $24.04 and a 52-week high of $35.38. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08.

United Community Banks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 16th were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.96 annualized dividend and a yield of 2.87%. United Community Banks's payout ratio is 47.06%.

Analyst Ratings Changes

UCB has been the topic of several research analyst reports. 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 note on Thursday. Raymond James raised United Community Banks from a "market perform" rating to an "outperform" rating and set a $35.00 target price on the stock in a research note on Thursday, December 19th. Finally, Truist Financial reduced their price target on United Community Banks from $32.00 to $30.00 and set a "hold" rating on the stock in a research note on Friday, October 25th.

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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