OneAscent Wealth Management LLC acquired a new position in shares of United Community Banks, Inc. (NASDAQ:UCB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,790 shares of the company's stock, valued at approximately $349,000.
A number of other institutional investors have also added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. bought a new stake in United Community Banks in the fourth quarter valued at $31,000. Farther Finance Advisors LLC bought a new stake in shares of United Community Banks in the 4th quarter worth $80,000. Lee Danner & Bass Inc. bought a new position in shares of United Community Banks during the 4th quarter worth approximately $174,000. Orion Portfolio Solutions LLC purchased a new stake in shares of United Community Banks during the 4th quarter valued at $232,000. Finally, Patten & Patten Inc. TN purchased a new position in United Community Banks in the fourth quarter valued at about $255,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.
United Community Banks Price Performance
Shares of UCB traded up $0.35 during trading hours on Monday, reaching $28.15. 899,468 shares of the company's stock traded hands, compared to its average volume of 627,535. 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, Inc. has a 12 month low of $26.00 and a 12 month high of $35.38. The stock has a market cap of $3.36 billion, a PE ratio of 13.80 and a beta of 0.90. The firm's 50 day simple moving average is $31.38 and its 200-day simple moving average is $31.08.
United Community Banks Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, March 14th. United Community Banks's dividend payout ratio is currently 47.06%.
Insider Buying and Selling
In other news, EVP Richard Bradshaw sold 1,527 shares of United Community Banks stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $32.72, for a total value of $49,963.44. Following the sale, the executive vice president now directly owns 67,876 shares in the company, valued at approximately $2,220,902.72. This trade represents a 2.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sally Pope Davis bought 1,800 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $28.19 per share, with a total value of $50,742.00. Following the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. 0.54% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
UCB has been the topic of several research reports. Raymond James raised shares of United Community Banks from a "market perform" rating to an "outperform" rating and set a $35.00 price target on the stock in a research report on Thursday, December 19th. Hovde Group decreased their price target on 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 raised their price objective 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.
Read Our Latest Analysis on UCB
About United Community Banks
(
Free Report)
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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