United Community Banks, Inc. (NASDAQ:UCB) Director Sally Pope Davis Purchases 1,800 Shares of Stock

United Community Banks, Inc. (NASDAQ:UCB) Director Sally Pope Davis purchased 1,800 shares of the stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $28.19 per share, for a total transaction of $50,742.00. Following the acquisition, the director now owns 3,264 shares of the company’s stock, valued at approximately $92,012.16. The trade was a 122.95 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

United Community Banks Stock Down 1.9 %

Shares of UCB stock opened at $27.89 on Friday. United Community Banks, Inc. has a 12 month low of $24.04 and a 12 month high of $35.38. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.08. The firm has a market cap of $3.33 billion, a PE ratio of 13.67 and a beta of 0.90. The stock has a 50 day moving average of $32.01 and a 200-day moving average of $31.14.

United Community Banks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Friday, March 14th. United Community Banks’s payout ratio is currently 47.06%.

Wall Street Analysts Forecast Growth

UCB has been the subject of a number of analyst reports. Raymond James upgraded shares of United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 price objective for the company in a research note on Thursday, December 19th. Piper Sandler boosted their target price 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.

Institutional Trading of United Community Banks

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mackenzie Financial Corp acquired a new position in shares of United Community Banks during the fourth quarter valued at about $247,000. Public Employees Retirement System of Ohio acquired a new position in United Community Banks in the 4th quarter valued at approximately $42,000. GTS Securities LLC acquired a new position in United Community Banks in the 4th quarter valued at approximately $220,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of United Community Banks in the 4th quarter worth approximately $8,888,000. Finally, Waverly Advisors LLC acquired a new stake in shares of United Community Banks during the 4th quarter worth approximately $3,819,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

United Community Banks Company 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.