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

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

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

United Community Banks Trading Down 2.6 %

United Community Banks stock opened at $27.81 on Friday. United Community Banks, Inc. has a 1 year low of $26.00 and a 1 year high of $35.38. The firm’s 50-day moving average is $31.38 and its 200-day moving average is $31.06. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market cap of $3.32 billion, a P/E ratio of 13.63 and a beta of 0.90.

United Community Banks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid 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 currently 47.06%.

Analyst Ratings Changes

Several research analysts have weighed in on UCB shares. Hovde Group decreased their price objective on shares of United Community Banks from $36.00 to $32.00 and set a “market perform” rating for the company in a report on Thursday, March 20th. Piper Sandler lifted their price target on United Community Banks from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Finally, Raymond James upgraded United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a research note on Thursday, December 19th.

Insider Activity

In related news, CEO H Lynn Harton sold 31,679 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $33.84, for a total value of $1,072,017.36. Following the sale, the chief executive officer now owns 112,444 shares of the company’s stock, valued at $3,805,104.96. This trade represents a 21.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard Bradshaw sold 1,527 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $32.72, for a total transaction of $49,963.44. Following the transaction, the executive vice president now directly owns 67,876 shares of the company’s stock, valued at $2,220,902.72. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

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.