Ensign Peak Advisors Inc Acquires Shares of 42,190 United Community Banks, Inc. (NASDAQ:UCB)

Ensign Peak Advisors Inc acquired a new stake in United Community Banks, Inc. (NASDAQ:UCB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 42,190 shares of the company's stock, valued at approximately $1,363,000.

Other institutional investors also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. acquired a new stake in shares of United Community Banks during the fourth quarter worth $31,000. Quadrant Capital Group LLC bought a new position in United Community Banks during the 4th quarter worth approximately $45,000. Tower Research Capital LLC TRC acquired a new position in United Community Banks during the fourth quarter valued at approximately $59,000. Farther Finance Advisors LLC bought a new stake in United Community Banks in the fourth quarter valued at approximately $80,000. Finally, Sterling Capital Management LLC bought a new position in shares of United Community Banks during the fourth quarter worth $124,000. 82.29% of the stock is owned by institutional investors.

United Community Banks Stock Down 0.3%

United Community Banks stock traded down $0.08 during mid-day trading on Tuesday, reaching $29.41. The company's stock had a trading volume of 340,250 shares, compared to its average volume of 666,498. 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, Inc. has a 12 month low of $22.93 and a 12 month high of $35.38. The business's 50 day simple moving average is $27.19 and its 200 day simple moving average is $30.54. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 14.42 and a beta of 0.75.

United Community Banks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Sunday, June 15th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, June 13th. This represents a $0.96 annualized dividend and a yield of 3.26%. United Community Banks's dividend payout ratio (DPR) is presently 45.50%.

Analysts Set New Price Targets

Several analysts recently commented on UCB shares. DA Davidson dropped their price objective on United Community Banks from $38.00 to $33.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Keefe, Bruyette & Woods dropped their price target on United Community Banks from $35.00 to $32.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 30th. Hovde Group upgraded United Community Banks from a "market perform" rating to an "outperform" rating and decreased their price objective for the company from $32.00 to $31.00 in a research report on Monday, April 7th. Piper Sandler raised 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. Finally, Stephens reiterated an "overweight" rating and issued a $36.00 price target on shares of United Community Banks in a report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $33.14.

Insider Buying and Selling at United Community Banks

In other news, Director Sally Pope Davis purchased 1,800 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $28.19 per share, with a total value of $50,742.00. Following the completion of the transaction, the director now owns 3,264 shares of the company's stock, valued at $92,012.16. The trade was a 122.95% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.43% of the company's stock.

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.