Nisa Investment Advisors LLC Makes New $705,000 Investment in United Community Banks, Inc. (NASDAQ:UCB)

Nisa Investment Advisors LLC acquired a new stake in shares of United Community Banks, Inc. (NASDAQ:UCB - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 24,843 shares of the company's stock, valued at approximately $705,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. bought a new stake in shares of United Community Banks in the fourth quarter worth about $31,000. Versant Capital Management Inc bought a new stake in shares of United Community Banks in the first quarter worth about $37,000. Public Employees Retirement System of Ohio bought a new stake in shares of United Community Banks in the fourth quarter worth about $42,000. Quadrant Capital Group LLC bought a new stake in United Community Banks during the 4th quarter valued at approximately $45,000. Finally, MassMutual Private Wealth & Trust FSB bought a new stake in United Community Banks during the 1st quarter valued at approximately $45,000. 82.29% of the stock is owned by institutional investors.

United Community Banks Stock Down 0.1%

NASDAQ:UCB traded down $0.02 during trading hours on Friday, reaching $31.70. The company's stock had a trading volume of 756,713 shares, compared to its average volume of 663,374. The company has a market capitalization of $3.85 billion, a P/E ratio of 15.54 and a beta of 0.78. United Community Banks, Inc. has a 12 month low of $22.93 and a 12 month high of $35.38. 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 stock has a 50 day moving average price of $29.63 and a two-hundred day moving average price of $29.64.

United Community Banks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Sunday, June 15th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, June 13th. This represents a $0.96 annualized dividend and a dividend yield of 3.03%. United Community Banks's payout ratio is currently 45.50%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Stephens reaffirmed an "overweight" rating and set a $36.00 price objective on shares of United Community Banks in a research report on Wednesday, April 23rd. Hovde Group upgraded shares of United Community Banks from a "market perform" rating to an "outperform" rating and lowered their target price for the company from $32.00 to $31.00 in a report on Monday, April 7th. DA Davidson lowered their target price 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. Raymond James Financial reiterated a "market perform" rating on shares of United Community Banks in a report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of United Community Banks from $35.00 to $32.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $33.14.

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.