United Community Banks (NYSE:UCB) EVP Sells $49,965.90 in Stock

United Community Banks, Inc. (NYSE:UCB) EVP Richard Bradshaw sold 1,510 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $33.09, for a total transaction of $49,965.90. Following the completion of the transaction, the executive vice president owned 84,497 shares of the company’s stock, valued at $2,796,005.73. The trade was a 1.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

United Community Banks Trading Up 0.7%

Shares of United Community Banks stock opened at $33.38 on Friday. The firm has a market capitalization of $3.99 billion, a PE ratio of 12.27 and a beta of 0.82. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.03. The firm’s 50 day moving average is $32.27 and its 200 day moving average is $32.14. United Community Banks, Inc. has a 1 year low of $27.23 and a 1 year high of $36.77.

United Community Banks (NYSE:UCB) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $0.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.70. The company had revenue of $277.30 million for the quarter. United Community Banks had a net margin of 22.05% and a return on equity of 9.65%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted $0.58 earnings per share. Equities research analysts forecast that United Community Banks, Inc. will post 2.99 earnings per share for the current fiscal year.

United Community Banks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Friday, March 13th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.00 annualized dividend and a dividend yield of 3.0%. United Community Banks’s payout ratio is 36.76%.

Analyst Ratings Changes

UCB has been the topic of several research reports. Hovde Group decreased their price target on shares of United Community Banks from $38.00 to $37.00 and set a “market perform” rating on the stock in a report on Monday. Stephens lifted their price target on shares of United Community Banks from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday. Piper Sandler lifted their price target on shares of United Community Banks from $35.00 to $36.00 and gave the company a “neutral” rating in a report on Wednesday, April 22nd. Zacks Research lowered shares of United Community Banks from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, Keefe, Bruyette & Woods raised shares of United Community Banks from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $36.00 to $40.00 in a report on Thursday, April 9th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. AlphaQuest LLC lifted its position in shares of United Community Banks by 82.4% in the 3rd quarter. AlphaQuest LLC now owns 122,631 shares of the company’s stock worth $3,844,000 after purchasing an additional 55,402 shares during the period. Public Sector Pension Investment Board lifted its position in shares of United Community Banks by 14.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 473,855 shares of the company’s stock worth $14,855,000 after purchasing an additional 59,650 shares during the period. Wesbanco Bank Inc. acquired a new position in shares of United Community Banks in the 3rd quarter worth approximately $1,831,000. Azora Capital LP acquired a new position in shares of United Community Banks in the 3rd quarter worth approximately $13,423,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of United Community Banks by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,337,524 shares of the company’s stock worth $198,681,000 after purchasing an additional 61,465 shares during the period. Institutional investors and hedge funds own 82.29% of the company’s stock.

United Community Banks Company Profile

United Community Banks, Inc (NYSE: UCB) is a bank holding company headquartered in Blairsville, Georgia. It operates primarily through its subsidiary, United Community Bank, providing a broad range of banking and financial services to individual, business and governmental customers. The company’s core offerings include deposit accounts, commercial and consumer lending, mortgage origination, treasury and cash management services, and wealth management.

In addition to traditional banking products such as checking, savings and money market accounts, United Community Bank specializes in commercial real estate financing, small business administration (SBA) loans, equipment financing and agricultural lending.