United Community Banks (NASDAQ:UCB) Shares Acquired Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently bought shares of United Community Banks, Inc. NASDAQ: UCB. In a filing disclosed on April 11th, the Representative disclosed that they had bought between $15,001 and $50,000 in United Community Banks stock on March 31st. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Advanced Micro Devices NASDAQ: AMD on 3/31/2025.

United Community Banks Price Performance

Shares of UCB stock traded up $0.09 during mid-day trading on Friday, hitting $24.74. 1,063,249 shares of the stock traded hands, compared to its average volume of 668,807. United Community Banks, Inc. has a twelve month low of $22.93 and a twelve month high of $35.38. 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 company's 50-day simple moving average is $28.54 and its 200-day simple moving average is $30.59. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 12.13 and a beta of 0.80.

United Community Banks Announces Dividend

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 dividend of $0.24 per share. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 3.88%. United Community Banks's payout ratio is 47.06%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Piper Sandler boosted their price target on shares of United Community Banks from $32.00 to $35.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Hovde Group upgraded shares of United Community Banks from a "market perform" rating to an "outperform" rating and dropped their target price for the stock from $32.00 to $31.00 in a report on Monday, April 7th.

Institutional Trading of United Community Banks

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

Insiders Place Their Bets

In other news, EVP Richard Bradshaw sold 1,527 shares of the business'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 transaction, the executive vice president now directly 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 at this link. Also, CEO H Lynn Harton sold 31,679 shares of United Community Banks stock in a transaction on Monday, February 10th. The shares were sold at an average price of $33.84, for a total value of $1,072,017.36. Following the sale, the chief executive officer now directly owns 112,444 shares of the company's stock, valued at approximately $3,805,104.96. The trade was a 21.98 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.