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

United Community Banks, Inc. (NASDAQ:UCB) Director Sally Pope Davis bought 1,800 shares of United Community Banks stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $28.19 per share, for a total transaction of $50,742.00. Following the acquisition, the director now owns 3,264 shares in the company, valued at $92,012.16. The trade was a 122.95 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

United Community Banks Trading Up 2.2 %

Shares of UCB opened at $28.53 on Friday. The stock has a market capitalization of $3.40 billion, a P/E ratio of 13.98 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 firm has a fifty day simple moving average of $31.95 and a two-hundred day simple moving average of $31.13. United Community Banks, Inc. has a twelve month low of $26.00 and a twelve month high of $35.38.

United Community Banks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 3.37%. United Community Banks’s dividend payout ratio is 47.06%.

Institutional Investors Weigh In On United Community Banks

Several institutional investors and hedge funds have recently modified their holdings of UCB. Nomura Asset Management Co. Ltd. purchased a new stake in shares of United Community Banks in the 4th quarter worth about $31,000. Public Employees Retirement System of Ohio purchased a new stake in shares of United Community Banks in the 4th quarter worth about $42,000. Quadrant Capital Group LLC purchased a new stake in shares of United Community Banks in the 4th quarter worth about $45,000. Tower Research Capital LLC TRC purchased a new stake in shares of United Community Banks in the 4th quarter worth about $59,000. Finally, Farther Finance Advisors LLC purchased a new position in United Community Banks during the 4th quarter valued at about $80,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on UCB shares. Raymond James raised shares of United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a research report on Thursday, December 19th. Piper Sandler increased 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.

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.