Focus Partners Wealth Acquires Shares of 9,551 United Community Banks, Inc. (NASDAQ:UCB)

Focus Partners Wealth purchased a new position in shares of United Community Banks, Inc. (NASDAQ:UCB - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 9,551 shares of the company's stock, valued at approximately $308,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Ensign Peak Advisors Inc purchased a new stake in shares of United Community Banks in the fourth quarter worth approximately $1,363,000. Deutsche Bank AG purchased a new stake in shares of United Community Banks in the fourth quarter worth approximately $3,248,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of United Community Banks in the fourth quarter worth approximately $644,000. Cresset Asset Management LLC purchased a new stake in shares of United Community Banks in the fourth quarter worth approximately $1,476,000. Finally, Crestline Management LP purchased a new stake in shares of United Community Banks in the fourth quarter worth approximately $410,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at United Community Banks

In other news, Director Sally Pope Davis acquired 1,800 shares of United Community Banks stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of $28.19 per share, with a total value of $50,742.00. Following the completion of the acquisition, the director now owns 3,264 shares in the company, valued at approximately $92,012.16. This trade represents a 122.95% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.43% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

UCB has been the subject of several analyst reports. DA Davidson lowered their price objective on United Community Banks from $38.00 to $33.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Hovde Group raised United Community Banks from a "market perform" rating to an "outperform" rating and lowered their price objective for the stock from $32.00 to $31.00 in a research note on Monday, April 7th. Stephens reissued an "overweight" rating and issued a $36.00 price objective on shares of United Community Banks in a research note on Wednesday, April 23rd. Finally, Keefe, Bruyette & Woods decreased their price target on United Community Banks from $35.00 to $32.00 and set a "market perform" rating for the company in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $33.14.

United Community Banks Stock Performance

Shares of UCB traded up $0.86 on Tuesday, reaching $29.20. 501,014 shares of the company's stock traded hands, compared to its average volume of 663,638. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08. The stock has a market cap of $3.55 billion, a PE ratio of 14.31 and a beta of 0.75. The stock's 50 day simple moving average is $27.19 and its two-hundred day simple moving average is $30.48. 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Sunday, June 15th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.29%. The ex-dividend date is Friday, June 13th. United Community Banks's dividend payout ratio (DPR) is 45.50%.

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.