23,627 Shares in United Community Banks, Inc. (NASDAQ:UCB) Bought by SG Americas Securities LLC

SG Americas Securities LLC purchased a new position in shares of United Community Banks, Inc. (NASDAQ:UCB - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,627 shares of the company's stock, valued at approximately $665,000.

Several other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC bought a new stake in United Community Banks during the first quarter worth $132,000. Wealthcare Advisory Partners LLC bought a new stake in United Community Banks during the first quarter worth $250,000. Yousif Capital Management LLC bought a new stake in United Community Banks during the first quarter worth $1,250,000. Harbor Capital Advisors Inc. bought a new stake in United Community Banks during the first quarter worth $1,223,000. Finally, Rhumbline Advisers bought a new stake in United Community Banks during the first quarter worth $9,816,000. Institutional investors own 82.29% of the company's stock.

United Community Banks Stock Up 0.3%

UCB stock opened at $27.89 on Friday. United Community Banks, Inc. has a 1-year low of $22.93 and a 1-year high of $35.38. 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 stock's fifty day simple moving average is $28.01 and its two-hundred day simple moving average is $29.88. The stock has a market cap of $3.39 billion, a P/E ratio of 13.67 and a beta of 0.78.

United Community Banks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Sunday, June 15th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.44%. United Community Banks's dividend payout ratio is presently 45.50%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on UCB shares. Hovde Group upgraded 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. Stephens reissued an "overweight" rating and issued a $36.00 price objective on shares of United Community Banks in a research report on Wednesday, April 23rd. Keefe, Bruyette & Woods cut their price objective 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. Finally, DA Davidson cut their price objective on 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. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $33.14.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.