Segall Bryant & Hamill 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 13F filing with the Securities & Exchange Commission. The fund bought 852,207 shares of the company's stock, valued at approximately $27,535,000. Segall Bryant & Hamill LLC owned about 0.71% of United Community Banks as of its most recent SEC filing.
Several other large investors have also made changes to their positions in UCB. Farther Finance Advisors LLC bought a new stake in United Community Banks during the 4th quarter worth about $80,000. Lee Danner & Bass Inc. acquired a new stake in shares of United Community Banks during the 4th quarter worth approximately $174,000. Patten & Patten Inc. TN bought a new stake in shares of United Community Banks during the fourth quarter worth approximately $255,000. Commonwealth Equity Services LLC bought a new stake in shares of United Community Banks during the fourth quarter worth approximately $273,000. Finally, Xponance Inc. bought a new position in United Community Banks in the fourth quarter valued at approximately $278,000. Institutional investors and hedge funds own 82.29% of the company's stock.
United Community Banks Trading Down 2.9 %
Shares of UCB stock traded down $0.83 on Friday, hitting $27.72. The stock had a trading volume of 92,307 shares, compared to its average volume of 623,543. United Community Banks, Inc. has a twelve month low of $26.00 and a twelve month high of $35.38. The firm has a market cap of $3.31 billion, a P/E ratio of 13.58 and a beta of 0.90. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average price of $31.47 and a two-hundred day moving average price of $31.05.
United Community Banks Announces Dividend
The firm 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 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Friday, March 14th. United Community Banks's dividend payout ratio (DPR) is presently 47.06%.
Analyst Upgrades and Downgrades
Several analysts have commented on UCB shares. Piper Sandler upped their target price 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. Raymond James upgraded United Community Banks from a "market perform" rating to an "outperform" rating and set a $35.00 price objective for the company in a report on Thursday, December 19th. Finally, Hovde Group reduced their target price on United Community Banks from $36.00 to $32.00 and set a "market perform" rating on the stock in a report on Thursday, March 20th.
Check Out Our Latest Report on UCB
Insider Activity
In related news, EVP Richard Bradshaw sold 1,527 shares of the firm's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $32.72, for a total transaction of $49,963.44. Following the sale, the executive vice president now directly owns 67,876 shares in the company, valued at $2,220,902.72. This trade represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Sally Pope Davis acquired 1,800 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average cost of $28.19 per share, for a total transaction of $50,742.00. Following the completion of the transaction, the director now directly owns 3,264 shares in the company, valued at $92,012.16. This represents a 122.95 % increase in their position. The disclosure for this purchase can be found here. 0.54% of the stock is currently owned by company insiders.
United Community Banks Company Profile
(
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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