4,604,227 Shares in United Community Banks, Inc. (NASDAQ:UCB) Purchased by Capital Research Global Investors

Capital Research Global Investors acquired a new stake in United Community Banks, Inc. (NASDAQ:UCB - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,604,227 shares of the company's stock, valued at approximately $148,763,000. Capital Research Global Investors owned about 3.86% of United Community Banks at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UCB. First Trust Advisors LP purchased a new stake in United Community Banks in the 4th quarter worth about $2,896,000. Dimensional Fund Advisors LP bought a new stake in shares of United Community Banks during the 4th quarter worth approximately $195,766,000. CANADA LIFE ASSURANCE Co purchased a new position in United Community Banks during the 4th quarter valued at $4,666,000. Salzhauer Michael purchased a new stake in United Community Banks in the fourth quarter worth $550,000. Finally, Rather & Kittrell Inc. bought a new stake in shares of United Community Banks during the fourth quarter worth $606,000. 82.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other United Community Banks news, EVP Richard Bradshaw sold 1,527 shares of the company's stock in a transaction that occurred on 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 owns 67,876 shares in the company, valued at approximately $2,220,902.72. This represents a 2.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sally Pope Davis purchased 1,800 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $28.19 per share, with a total value of $50,742.00. Following the acquisition, the director now owns 3,264 shares of the company's stock, valued at approximately $92,012.16. The trade was a 122.95 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.54% of the company's stock.

United Community Banks Stock Down 0.3 %

UCB traded down $0.09 on Friday, hitting $27.23. The company had a trading volume of 693,973 shares, compared to its average volume of 676,496. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 13.35 and a beta of 0.80. The stock has a fifty day moving average price of $27.83 and a 200-day moving average price of $30.51. United Community Banks, Inc. has a 12-month low of $22.93 and a 12-month high of $35.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.78 and a current ratio of 0.78.

United Community Banks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a $0.24 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 3.53%. United Community Banks's dividend payout ratio (DPR) is 45.50%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UCB. DA Davidson decreased 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. Hovde Group upgraded United Community Banks from a "market perform" rating to an "outperform" rating and lowered their price target for the company from $32.00 to $31.00 in a report on Monday, April 7th. Piper Sandler lifted their target price on United Community Banks from $32.00 to $35.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Finally, Stephens reissued an "overweight" rating and set a $36.00 price target on shares of United Community Banks in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $33.33.

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.