United Community Banks (NASDAQ:UCB) Sets New 12-Month Low - Should You Sell?

United Community Banks, Inc. (NASDAQ:UCB - Get Free Report)'s share price reached a new 52-week low during trading on Thursday . The company traded as low as $25.48 and last traded at $25.60, with a volume of 134361 shares traded. The stock had previously closed at $27.91.

Wall Street Analyst Weigh In

UCB has been the subject of several analyst reports. Piper Sandler raised their target price on United Community Banks from $32.00 to $35.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Hovde Group upgraded shares of United Community Banks from a "market perform" rating to an "outperform" rating and cut their price objective for the company from $32.00 to $31.00 in a research report on Monday. Finally, Raymond James raised shares of United Community Banks from a "market perform" rating to an "outperform" rating and set a $35.00 target price on the stock in a report on Thursday, December 19th.

United Community Banks Stock Performance

The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a market cap of $2.83 billion, a PE ratio of 11.61 and a beta of 0.80. The company's 50-day moving average price is $30.56 and its two-hundred day moving average price is $30.95.

United Community Banks Announces Dividend

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

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Insiders Place Their Bets

In other news, CEO H Lynn Harton sold 31,679 shares of the 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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard Bradshaw sold 1,527 shares of the 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 transaction, the executive vice president now owns 67,876 shares of the company's stock, valued at approximately $2,220,902.72. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. bought a new position in United Community Banks in the 4th quarter valued at approximately $31,000. Versant Capital Management Inc purchased a new position in shares of United Community Banks in the first quarter worth $37,000. Public Employees Retirement System of Ohio bought a new position in shares of United Community Banks during the fourth quarter valued at $42,000. Quadrant Capital Group LLC purchased a new stake in shares of United Community Banks during the fourth quarter valued at $45,000. Finally, MassMutual Private Wealth & Trust FSB bought a new stake in United Community Banks in the 1st quarter worth about $45,000. Hedge funds and other institutional investors own 82.29% of the company's stock.

About United Community Banks

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.