Captrust Financial Advisors Takes $6.07 Million Position in United Community Banks, Inc. (NASDAQ:UCB)

Captrust Financial Advisors purchased a new position in United Community Banks, Inc. (NASDAQ:UCB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 187,986 shares of the company's stock, valued at approximately $6,074,000. Captrust Financial Advisors owned 0.16% of United Community Banks as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of UCB. Nomura Asset Management Co. Ltd. bought a new position in shares of United Community Banks during the 4th quarter worth approximately $31,000. Quadrant Capital Group LLC bought a new position in shares of United Community Banks during the 4th quarter worth approximately $45,000. Tower Research Capital LLC TRC bought a new position in shares of United Community Banks during the 4th quarter worth approximately $59,000. Farther Finance Advisors LLC bought a new position in shares of United Community Banks during the 4th quarter worth approximately $80,000. Finally, Sterling Capital Management LLC bought a new position in shares of United Community Banks during the 4th quarter worth approximately $124,000. Hedge funds and other institutional investors own 82.29% of the company's stock.

Analysts Set New Price Targets

UCB has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reduced their price objective on shares of United Community Banks from $35.00 to $32.00 and set a "market perform" rating for the company in a research note on Wednesday, April 30th. Piper Sandler raised their price target 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. DA Davidson decreased their price target 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. Stephens reaffirmed an "overweight" rating and issued a $36.00 price target on shares of United Community Banks in a report on Wednesday, April 23rd. Finally, Hovde Group raised shares of United Community Banks from a "market perform" rating to an "outperform" rating and decreased their price target for the stock from $32.00 to $31.00 in a report on Monday, April 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, United Community Banks currently has an average rating of "Moderate Buy" and an average target price of $33.14.

United Community Banks Stock Performance

Shares of United Community Banks stock traded up $1.25 during trading on Monday, hitting $29.78. 651,557 shares of the company's stock were exchanged, compared to its average volume of 674,235. 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 business has a 50-day simple moving average of $27.08 and a 200-day simple moving average of $30.50. United Community Banks, Inc. has a 52-week low of $22.93 and a 52-week high of $35.38. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 14.60 and a beta of 0.75.

United Community Banks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 3.22%. United Community Banks's dividend payout ratio (DPR) is presently 45.50%.

Insider Buying and Selling

In other news, Director Sally Pope Davis purchased 1,800 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $28.19 per share, for a total transaction of $50,742.00. Following the completion of the transaction, the director now owns 3,264 shares in the company, valued at $92,012.16. This represents a 122.95% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.43% of the stock is currently owned by corporate insiders.

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.