New Age Alpha Advisors LLC Makes New $560,000 Investment in United Community Banks, Inc. (NASDAQ:UCB)

New Age Alpha Advisors LLC bought a new position in shares of United Community Banks, Inc. (NASDAQ:UCB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,322 shares of the company's stock, valued at approximately $560,000.

A number of other hedge funds have also made changes to their positions in the business. Farther Finance Advisors LLC bought a new stake in shares of United Community Banks in the 4th quarter valued at approximately $80,000. Lee Danner & Bass Inc. bought a new position in shares of United Community Banks in the fourth quarter valued at approximately $174,000. Patten & Patten Inc. TN bought a new position in United Community Banks during the 4th quarter valued at $255,000. Commonwealth Equity Services LLC acquired a new position in United Community Banks during the fourth quarter worth about $273,000. Finally, Xponance Inc. bought a new stake in shares of United Community Banks in the 4th quarter worth approximately $278,000. Hedge funds and other institutional investors own 82.29% of the company's stock.

United Community Banks Trading Down 5.0 %

Shares of NASDAQ UCB traded down $1.28 during mid-day trading on Friday, hitting $24.18. The company's stock had a trading volume of 1,269,296 shares, compared to its average volume of 637,245. 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 stock has a market cap of $2.89 billion, a price-to-earnings ratio of 11.85 and a beta of 0.80. The company's fifty day simple moving average is $30.75 and its 200-day simple moving average is $30.98. United Community Banks, Inc. has a one year low of $23.41 and a one year high of $35.38.

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United Community Banks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 3.97%. United Community Banks's payout ratio is 47.06%.

Insider Transactions at United Community Banks

In other news, CEO H Lynn Harton sold 31,679 shares of the company'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 transaction, the chief executive officer now owns 112,444 shares of the company's stock, valued at approximately $3,805,104.96. This represents a 21.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard Bradshaw sold 1,527 shares of United Community Banks stock in a transaction dated 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 of the company's stock, valued at $2,220,902.72. This trade represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

UCB has been the subject of several recent analyst reports. Raymond James raised United Community Banks from a "market perform" rating to an "outperform" rating and set a $35.00 target price for the company in a research report on Thursday, December 19th. Hovde Group lowered their target price on shares of United Community Banks from $36.00 to $32.00 and set a "market perform" rating on the stock in a research report on Thursday, March 20th. Finally, Piper Sandler lifted 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.

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.