Wealthcare Advisory Partners LLC Invests $250,000 in United Community Banks, Inc. (NASDAQ:UCB)

Wealthcare Advisory Partners 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 Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,886 shares of the company's stock, valued at approximately $250,000.

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

Analyst Ratings Changes

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

United Community Banks Stock Down 3.2%

Shares of UCB stock traded down $0.95 during mid-day trading on Friday, reaching $28.16. 869,740 shares of the company's stock traded hands, compared to its average volume of 661,796. United Community Banks, Inc. has a 12 month low of $22.93 and a 12 month high of $35.38. The company has a market cap of $3.42 billion, a P/E ratio of 13.81 and a beta of 0.78. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.08. The company's 50-day moving average price is $27.67 and its 200-day moving average price is $30.09.

United Community Banks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Sunday, June 15th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, June 13th. United Community Banks's dividend payout ratio (DPR) is presently 45.50%.

About United Community Banks

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.