Wagner Wealth Management LLC Makes New Investment in United Community Banks, Inc. (NASDAQ:UCB)

Wagner Wealth Management LLC purchased a new position in shares of United Community Banks, Inc. (NASDAQ:UCB - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,227 shares of the company's stock, valued at approximately $288,000.

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

Wall Street Analysts Forecast Growth

UCB has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods decreased their target price 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. DA Davidson decreased their price objective on shares of United Community Banks from $38.00 to $33.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Hovde Group raised shares of United Community Banks from a "market perform" rating to an "outperform" rating and lowered their price objective for the company from $32.00 to $31.00 in a research note on Monday, April 7th. Finally, Stephens restated an "overweight" rating and set a $36.00 target price on shares of United Community Banks in a research report on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $33.14.

United Community Banks Price Performance

Shares of NASDAQ:UCB traded up $0.10 on Friday, hitting $27.89. The company had a trading volume of 1,232,470 shares, compared to its average volume of 665,826. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08. The company has a market cap of $3.39 billion, a PE ratio of 13.67 and a beta of 0.78. United Community Banks, Inc. has a 52-week low of $22.93 and a 52-week high of $35.38. The business has a 50 day moving average of $27.93 and a 200 day moving average of $29.95.

United Community Banks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Sunday, June 15th will be issued a $0.24 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a yield of 3.44%. United Community Banks's dividend payout ratio (DPR) is 45.50%.

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.