5,397 Shares in United Community Banks, Inc. (NASDAQ:UCB) Acquired by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. purchased a new position in shares of United Community Banks, Inc. (NASDAQ:UCB) during the fourth quarter, HoldingsChannel reports. The firm purchased 5,397 shares of the company’s stock, valued at approximately $174,000.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC acquired a new position in United Community Banks during the 4th quarter worth approximately $80,000. Patten & Patten Inc. TN acquired a new position in United Community Banks during the 4th quarter worth approximately $255,000. Commonwealth Equity Services LLC bought a new stake in United Community Banks during the 4th quarter worth approximately $273,000. Xponance Inc. bought a new stake in United Community Banks during the 4th quarter worth approximately $278,000. Finally, Cibc World Markets Corp bought a new stake in United Community Banks during the 4th quarter worth approximately $362,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other United Community Banks news, CEO H Lynn Harton sold 31,679 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 112,444 shares of the company’s stock, valued at approximately $3,805,104.96. This represents a 21.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard Bradshaw sold 1,527 shares of the stock in a transaction 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 transaction, the executive vice president now directly 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 ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Piper Sandler boosted their price objective on United Community Banks from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Raymond James raised United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 price objective for the company in a report on Thursday, December 19th. Finally, Hovde Group decreased their price objective on United Community Banks from $36.00 to $32.00 and set a “market perform” rating for the company in a report on Thursday.

United Community Banks Stock Performance

UCB stock opened at $27.94 on Friday. The firm has a market cap of $3.34 billion, a PE ratio of 13.70 and a beta of 0.90. 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 business has a 50 day moving average of $31.68 and a 200-day moving average of $31.07. United Community Banks, Inc. has a 12-month low of $26.00 and a 12-month high of $35.38.

United Community Banks Dividend Announcement

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

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.