33,098 Shares in United Community Banks, Inc. (NASDAQ:UCB) Acquired by Mayfair Advisory Group LLC

Mayfair Advisory Group LLC purchased a new position in shares of United Community Banks, Inc. (NASDAQ:UCB - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 33,098 shares of the company's stock, valued at approximately $931,000.

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods cut their price target on United Community Banks from $35.00 to $32.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. DA Davidson cut their price target on United Community Banks from $38.00 to $33.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Hovde Group upgraded United Community Banks from a "market perform" rating to an "outperform" rating and cut their price target for the company from $32.00 to $31.00 in a report on Monday, April 7th. 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 assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $33.14.

United Community Banks Stock Performance

Shares of UCB stock opened at $27.50 on Wednesday. The stock has a market cap of $3.34 billion, a PE ratio of 13.48 and a beta of 0.78. The business has a 50-day simple moving average of $27.80 and a 200-day simple moving average of $30.01. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.08. United Community Banks, Inc. has a 52-week low of $22.93 and a 52-week high of $35.38.

United Community Banks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders 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 annualized dividend and a dividend yield of 3.49%. United Community Banks's dividend payout ratio (DPR) is presently 45.50%.

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.

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