Natixis Advisors LLC Invests $498,000 in United Community Banks, Inc. (NASDAQ:UCB)

Natixis Advisors LLC bought a new position in shares of United Community Banks, Inc. (NASDAQ:UCB - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,407 shares of the company's stock, valued at approximately $498,000.

Several other hedge funds have also recently added to or reduced their stakes in UCB. Commonwealth Equity Services LLC purchased a new stake in United Community Banks during the 4th quarter worth about $273,000. Swiss National Bank acquired a new stake in shares of United Community Banks during the 4th quarter worth about $7,573,000. Great Lakes Advisors LLC purchased a new stake in United Community Banks during the fourth quarter worth approximately $3,050,000. Finally, Farther Finance Advisors LLC acquired a new position in United Community Banks in the fourth quarter valued at approximately $80,000. Institutional investors and hedge funds own 82.29% of the company's stock.

Insider Activity

In other news, Director Sally Pope Davis acquired 1,800 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $28.19 per share, with a total value of $50,742.00. Following the purchase, the director now owns 3,264 shares of the company's stock, valued at $92,012.16. This 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, 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 transaction, the executive vice president now owns 67,876 shares of the company's stock, valued at approximately $2,220,902.72. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

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United Community Banks Stock Performance

Shares of UCB traded down $0.25 during mid-day trading on Monday, reaching $27.55. 31,332 shares of the company's stock were exchanged, compared to its average volume of 622,295. 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 52-week low of $26.00 and a 52-week high of $35.38. The stock has a market capitalization of $3.29 billion, a PE ratio of 13.51 and a beta of 0.90. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.78 and a quick ratio of 0.78.

United Community Banks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 3.48%. United Community Banks's dividend payout ratio is presently 47.06%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on UCB. Piper Sandler raised their price objective on shares of United Community Banks from $32.00 to $35.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. 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 research report 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 objective on the stock in a report on Thursday, December 19th.

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.