Schroder Investment Management Group Takes Position in United Community Banks, Inc. (NASDAQ:UCB)

Schroder Investment Management Group purchased 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 SEC. The fund purchased 420,019 shares of the company's stock, valued at approximately $13,571,000. Schroder Investment Management Group owned approximately 0.35% of United Community Banks as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of UCB. Vanguard Group Inc. acquired a new position in shares of United Community Banks during the fourth quarter worth $450,141,000. Norges Bank acquired a new position in United Community Banks in the 4th quarter worth about $42,837,000. Segall Bryant & Hamill LLC acquired a new position in United Community Banks in the 4th quarter worth about $27,535,000. JPMorgan Chase & Co. bought a new position in United Community Banks in the fourth quarter valued at about $21,599,000. Finally, Sei Investments Co. acquired a new stake in shares of United Community Banks during the fourth quarter valued at about $11,881,000. 82.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at United Community Banks

In other news, EVP Richard Bradshaw sold 1,527 shares of United Community Banks stock in a transaction 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 in the company, valued at $2,220,902.72. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO H Lynn Harton sold 31,679 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $33.84, for a total transaction of $1,072,017.36. Following the transaction, the chief executive officer now directly owns 112,444 shares in the company, valued at approximately $3,805,104.96. This represents a 21.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.54% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts recently issued reports on UCB shares. Hovde Group upgraded shares of United Community Banks from a "market perform" rating to an "outperform" rating and dropped their price objective for the company from $32.00 to $31.00 in a report on Monday. Piper Sandler raised 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 note on Thursday, January 23rd. Finally, Raymond James raised shares of United Community Banks from a "market perform" rating to an "outperform" rating and set a $35.00 price objective on the stock in a research note on Thursday, December 19th.

United Community Banks Trading Down 1.7 %

United Community Banks stock traded down $0.42 during mid-day trading on Tuesday, hitting $23.68. 1,005,584 shares of the stock were exchanged, compared to its average volume of 644,780. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 11.61 and a beta of 0.80. United Community Banks, Inc. has a 12 month low of $23.38 and a 12 month high of $35.38. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.08. The firm's fifty day simple moving average is $30.18 and its two-hundred day simple moving average is $30.86.

United Community Banks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 4.05%. United Community Banks's payout ratio is 47.06%.

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.