216,443 Shares in United Community Banks, Inc. (NASDAQ:UCB) Acquired by Blair William & Co. IL

Blair William & Co. IL acquired a new position in shares of United Community Banks, Inc. (NASDAQ:UCB) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 216,443 shares of the company’s stock, valued at approximately $6,993,000. Blair William & Co. IL owned about 0.18% of United Community Banks as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new stake in shares of United Community Banks in the fourth quarter valued at approximately $80,000. Lee Danner & Bass Inc. acquired a new stake in United Community Banks during the 4th quarter valued at $174,000. Patten & Patten Inc. TN purchased a new position in United Community Banks during the fourth quarter worth $255,000. Commonwealth Equity Services LLC acquired a new position in shares of United Community Banks in the fourth quarter worth $273,000. Finally, Xponance Inc. purchased a new stake in shares of United Community Banks in the fourth quarter valued at $278,000. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Sally Pope Davis bought 1,800 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was acquired 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 $92,012.16. This trade represents a 122.95 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Richard Bradshaw sold 1,527 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $32.72, for a total transaction of $49,963.44. Following the sale, 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 position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

United Community Banks Stock Down 2.6 %

Shares of NASDAQ:UCB opened at $27.81 on Friday. United Community Banks, Inc. has a 12-month low of $26.00 and a 12-month high of $35.38. The stock’s 50-day moving average price is $31.38 and its two-hundred day moving average price is $31.06. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 13.63 and a beta of 0.90.

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 issued a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 3.45%. United Community Banks’s payout ratio is 47.06%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on UCB. Raymond James raised shares of United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 target price for the company in a research note on Thursday, December 19th. Piper Sandler boosted their price objective 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. Finally, Hovde Group decreased their target price on shares of United Community Banks from $36.00 to $32.00 and set a “market perform” rating on the stock in a research report on Thursday, March 20th.

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.