United Community Banks, Inc. (NASDAQ:UCB - Get Free Report) Director Sally Pope Davis purchased 1,800 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $28.19 per share, with a total value of $50,742.00. Following the purchase, the director now owns 3,264 shares of the company's stock, valued at approximately $92,012.16. This trade represents a 122.95 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
United Community Banks Price Performance
Shares of UCB stock opened at $27.89 on Friday. United Community Banks, Inc. has a 52 week low of $24.04 and a 52 week high of $35.38. The stock has a market capitalization of $3.33 billion, a PE ratio of 13.67 and a beta of 0.90. 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's fifty day moving average is $32.01 and its 200-day moving average is $31.14.
United Community Banks Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Friday, March 14th. United Community Banks's dividend payout ratio is currently 47.06%.
Hedge Funds Weigh In On United Community Banks
A number of institutional investors have recently modified their holdings of UCB. Farther Finance Advisors LLC bought a new stake in shares of United Community Banks during the fourth quarter valued at approximately $80,000. Great Lakes Advisors LLC bought a new position in United Community Banks in the 4th quarter valued at $3,050,000. Swiss National Bank acquired a new stake in shares of United Community Banks in the 4th quarter valued at $7,573,000. Commonwealth Equity Services LLC acquired a new stake in shares of United Community Banks in the 4th quarter valued at $273,000. Finally, Natixis Advisors LLC bought a new stake in shares of United Community Banks during the fourth quarter worth $498,000. 82.29% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
UCB has been the topic of several recent analyst reports. Raymond James upgraded 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 research note on Thursday, December 19th. Piper Sandler boosted 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 report on Thursday, January 23rd.
Read Our Latest Analysis on UCB
United Community Banks Company Profile
(
Get 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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