DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Invests $644,000 in United Community Banks, Inc. (NASDAQ:UCB)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of United Community Banks, Inc. (NASDAQ:UCB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,947 shares of the company’s stock, valued at approximately $644,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Nomura Asset Management Co. Ltd. bought a new stake in shares of United Community Banks during the 4th quarter worth $31,000. Quadrant Capital Group LLC bought a new stake in United Community Banks during the fourth quarter valued at about $45,000. Tower Research Capital LLC TRC acquired a new stake in shares of United Community Banks in the fourth quarter valued at about $59,000. Farther Finance Advisors LLC bought a new position in shares of United Community Banks in the fourth quarter worth about $80,000. Finally, Sterling Capital Management LLC acquired a new position in shares of United Community Banks during the 4th quarter worth about $124,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on UCB shares. DA Davidson lowered their target price on United Community Banks from $38.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Piper Sandler raised their price objective on shares of United Community Banks from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods dropped their target price on shares of United Community Banks from $35.00 to $32.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 30th. Stephens reiterated an “overweight” rating and set a $36.00 target price on shares of United Community Banks in a research note on Wednesday, April 23rd. Finally, Hovde Group upgraded shares of United Community Banks from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $32.00 to $31.00 in a research report on Monday, April 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.14.

Insider Activity at United Community Banks

In related news, Director Sally Pope Davis purchased 1,800 shares of the firm’s stock in a transaction that occurred 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 directly owns 3,264 shares in the company, valued at $92,012.16. This represents a 122.95% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.43% of the stock is currently owned by insiders.

United Community Banks Stock Down 0.5%

Shares of UCB stock opened at $28.48 on Monday. United Community Banks, Inc. has a one year low of $22.93 and a one year high of $35.38. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a fifty day moving average price of $27.08 and a 200 day moving average price of $30.50. The stock has a market cap of $3.40 billion, a P/E ratio of 13.96 and a beta of 0.75.

United Community Banks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 3.37%. United Community Banks’s dividend payout ratio (DPR) is currently 45.50%.

United Community Banks 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.