Captrust Financial Advisors Acquires Shares of 187,986 United Community Banks, Inc. (NASDAQ:UCB)

Captrust Financial Advisors purchased a new stake in shares of United Community Banks, Inc. (NASDAQ:UCB - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 187,986 shares of the company's stock, valued at approximately $6,074,000. Captrust Financial Advisors owned approximately 0.16% of United Community Banks as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Farther Finance Advisors LLC acquired a new stake in United Community Banks during the fourth quarter valued at $80,000. Great Lakes Advisors LLC acquired a new stake in United Community Banks during the fourth quarter valued at $3,050,000. Swiss National Bank acquired a new stake in United Community Banks during the fourth quarter valued at $7,573,000. Commonwealth Equity Services LLC acquired a new stake in United Community Banks during the fourth quarter valued at $273,000. Finally, Natixis Advisors LLC acquired a new stake in United Community Banks during the fourth quarter valued at $498,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Piper Sandler boosted their price target on United Community Banks from $32.00 to $35.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Stephens reaffirmed an "overweight" rating and issued a $36.00 price target on shares of United Community Banks in a research report on Wednesday, April 23rd. DA Davidson reduced their price target on United Community Banks from $38.00 to $33.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Hovde Group raised United Community Banks from a "market perform" rating to an "outperform" rating and reduced their price target for the stock from $32.00 to $31.00 in a research report on Monday, April 7th. Finally, Keefe, Bruyette & Woods reduced their price target on United Community Banks from $35.00 to $32.00 and set a "market perform" rating for the company in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, United Community Banks currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.14.

United Community Banks Stock Performance

Shares of United Community Banks stock traded down $0.08 during trading on Wednesday, reaching $29.69. The company's stock had a trading volume of 71,984 shares, compared to its average volume of 768,761. 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's fifty day moving average price is $27.07 and its 200-day moving average price is $30.51. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 14.55 and a beta of 0.75. United Community Banks, Inc. has a one year low of $22.93 and a one year high of $35.38.

United Community Banks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a $0.24 dividend. The ex-dividend date 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%.

Insiders Place Their Bets

In related news, Director Sally Pope Davis acquired 1,800 shares of the stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of $28.19 per share, for a total transaction of $50,742.00. Following the purchase, the director now owns 3,264 shares in the company, valued at approximately $92,012.16. This trade represents a 122.95% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.43% of the company's stock.

United Community Banks 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.