12,700 Shares in United Community Banks, Inc. (NASDAQ:UCB) Purchased by Crestline Management LP

Crestline Management LP purchased a new position in United Community Banks, Inc. (NASDAQ:UCB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,700 shares of the company's stock, valued at approximately $410,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. bought a new position in shares of United Community Banks during the fourth quarter worth $450,141,000. FMR LLC bought a new stake in shares of United Community Banks in the fourth quarter valued at about $310,166,000. Dimensional Fund Advisors LP bought a new position in shares of United Community Banks in the 4th quarter valued at about $195,766,000. Capital Research Global Investors bought a new position in shares of United Community Banks in the 4th quarter valued at about $148,763,000. Finally, Earnest Partners LLC bought a new stake in United Community Banks in the fourth quarter valued at approximately $113,536,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

United Community Banks Stock Performance

Shares of UCB stock traded down $0.06 during trading hours on Wednesday, reaching $29.71. 358,583 shares of the company traded hands, compared to its average volume of 671,752. The firm has a 50-day moving average price of $27.07 and a 200 day moving average price of $30.51. 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 company has a market cap of $3.55 billion, a P/E ratio of 14.56 and a beta of 0.75. United Community Banks, Inc. has a 12-month low of $22.93 and a 12-month high of $35.38.

United Community Banks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders 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 yield of 3.23%. United Community Banks's dividend payout ratio (DPR) is currently 45.50%.

Insider Buying and Selling at United Community Banks

In other United Community Banks news, Director Sally Pope Davis acquired 1,800 shares of United Community Banks stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average price of $28.19 per share, with a total value of $50,742.00. Following the completion of the purchase, the director now directly owns 3,264 shares of the company's stock, valued at approximately $92,012.16. This represents a 122.95% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.43% 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.