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

Wealthcare Advisory Partners LLC acquired a new stake in United Community Banks, Inc. (NASDAQ:UCB - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,886 shares of the company's stock, valued at approximately $250,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. purchased a new stake in United Community Banks in the fourth quarter worth about $450,141,000. FMR LLC bought a new stake in shares of United Community Banks in the 4th quarter valued at about $310,166,000. Dimensional Fund Advisors LP purchased 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 stake in United Community Banks during the fourth quarter worth $148,763,000. Finally, Earnest Partners LLC bought a new position in shares of United Community Banks in the 4th quarter worth $113,536,000. 82.29% of the stock is currently owned by institutional investors.

United Community Banks Stock Performance

Shares of UCB stock traded up $0.31 on Wednesday, hitting $27.83. The company had a trading volume of 232,908 shares, compared to its average volume of 660,893. United Community Banks, Inc. has a twelve month low of $22.93 and a twelve month high of $35.38. 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 firm has a market cap of $3.38 billion, a P/E ratio of 13.64 and a beta of 0.78. The company has a 50-day moving average price of $27.80 and a 200-day moving average price of $30.01.

United Community Banks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Sunday, June 15th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.45%. United Community Banks's payout ratio is 45.50%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. 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 research note on Wednesday, April 30th. Hovde Group raised United Community Banks from a "market perform" rating to an "outperform" rating and cut their target price for the company from $32.00 to $31.00 in a research report on Monday, April 7th. DA Davidson lowered their price target on United Community Banks from $38.00 to $33.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Finally, Stephens reissued an "overweight" rating and issued a $36.00 price objective on shares of United Community Banks in a report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, United Community Banks has an average rating of "Moderate Buy" and an average target price of $33.14.

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.