10,191 Shares in United Community Banks, Inc. (NASDAQ:UCB) Purchased by Cetera Investment Advisers

Cetera Investment Advisers purchased a new stake in shares of United Community Banks, Inc. (NASDAQ:UCB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,191 shares of the company's stock, valued at approximately $329,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. bought a new position in United Community Banks during the 4th quarter worth $31,000. Quadrant Capital Group LLC acquired a new stake in shares of United Community Banks during the fourth quarter valued at about $45,000. Tower Research Capital LLC TRC bought a new stake in United Community Banks during the 4th quarter worth approximately $59,000. Farther Finance Advisors LLC bought a new stake in shares of United Community Banks in the 4th quarter valued at about $80,000. Finally, Sterling Capital Management LLC bought a new position in United Community Banks during the 4th quarter worth approximately $124,000. 82.29% of the stock is owned by institutional investors.

United Community Banks Price Performance

UCB stock traded up $0.33 during midday trading on Tuesday, reaching $28.73. The company had a trading volume of 49,685 shares, compared to its average volume of 657,950. The firm has a 50-day moving average price of $27.20 and a 200-day moving average price of $30.36. United Community Banks, Inc. has a 1 year low of $22.93 and a 1 year high of $35.38. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $3.49 billion, a P/E ratio of 14.08 and a beta of 0.75.

United Community Banks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Sunday, June 15th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Friday, June 13th. United Community Banks's dividend payout ratio is currently 45.50%.

Insider Buying and Selling at United Community Banks

In related news, Director Sally Pope Davis purchased 1,800 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of $28.19 per share, with a total value of $50,742.00. Following the purchase, the director now directly owns 3,264 shares of the company's stock, valued at approximately $92,012.16. This trade represents a 122.95% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.43% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. DA Davidson dropped their price target on United Community Banks from $38.00 to $33.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Keefe, Bruyette & Woods dropped their price target 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 United Community Banks from a "market perform" rating to an "outperform" rating and reduced their target price for the company from $32.00 to $31.00 in a report on Monday, April 7th. Finally, Stephens reaffirmed an "overweight" rating and set a $36.00 price objective on shares of United Community Banks in a research note on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.