Sei Investments Co. Takes Position in United Community Banks, Inc. (NASDAQ:UCB)

Sei Investments Co. bought a new stake in United Community Banks, Inc. (NASDAQ:UCB - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 367,739 shares of the company's stock, valued at approximately $11,881,000. Sei Investments Co. owned about 0.31% of United Community Banks as of its most recent filing with the Securities & Exchange Commission.

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

Insider Transactions at United Community Banks

In related news, EVP Richard Bradshaw sold 1,527 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now owns 67,876 shares of the company's stock, valued at approximately $2,220,902.72. This trade represents a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO H Lynn Harton sold 31,679 shares of United Community Banks stock in a transaction that occurred 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 owns 112,444 shares in the company, valued at approximately $3,805,104.96. The trade was a 21.98 % decrease in their ownership of the stock. 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 Price Performance

Shares of UCB traded down $0.40 during mid-day trading on Tuesday, hitting $27.73. The company's stock had a trading volume of 703,053 shares, compared to its average volume of 627,996. 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 firm has a 50-day moving average price of $31.29 and a 200 day moving average price of $31.08. United Community Banks, Inc. has a fifty-two week low of $25.64 and a fifty-two week high of $35.38. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 13.59 and a beta of 0.90.

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 given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.46%. United Community Banks's dividend payout ratio (DPR) is presently 47.06%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Raymond James upgraded 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. Hovde Group lowered their price objective on shares of United Community Banks from $36.00 to $32.00 and set a "market perform" rating on the stock in a research note on Thursday, March 20th. Finally, Piper Sandler increased their price target on United Community Banks from $32.00 to $35.00 and gave the company a "neutral" rating in a research note 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.