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

Focus Partners Wealth bought a new position in shares of United Community Banks, Inc. (NASDAQ:UCB - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 9,551 shares of the company's stock, valued at approximately $308,000.

Several other hedge funds have also recently bought and sold shares of UCB. Nomura Asset Management Co. Ltd. acquired a new stake in shares of United Community Banks in the fourth quarter valued at approximately $31,000. Quadrant Capital Group LLC acquired a new stake in shares of United Community Banks in the fourth quarter valued at approximately $45,000. Tower Research Capital LLC TRC acquired a new stake in shares of United Community Banks in the fourth quarter valued at approximately $59,000. Farther Finance Advisors LLC acquired a new stake in shares of United Community Banks in the fourth quarter valued at approximately $80,000. Finally, Sterling Capital Management LLC acquired a new stake in shares of United Community Banks in the fourth quarter valued at approximately $124,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Sally Pope Davis bought 1,800 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price 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 of the company's stock, valued at $92,012.16. The trade was a 122.95% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.43% of the stock is currently owned by company insiders.

United Community Banks Stock Performance

UCB stock traded down $0.27 during midday trading on Friday, reaching $28.34. 603,817 shares of the company were exchanged, compared to its average volume of 664,447. 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 business has a 50-day moving average price of $27.18 and a two-hundred day moving average price of $30.52. United Community Banks, Inc. has a one year low of $22.93 and a one year high of $35.38. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 13.89 and a beta of 0.75.

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 given a $0.24 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.39%. United Community Banks's payout ratio is presently 45.50%.

Analyst Ratings Changes

A number of research firms have recently issued reports on UCB. Keefe, Bruyette & Woods lowered their price objective on shares of 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. Stephens restated an "overweight" rating and set a $36.00 target price on shares of United Community Banks in a report on Wednesday, April 23rd. Hovde Group upgraded shares of United Community Banks from a "market perform" rating to an "outperform" rating and lowered their target price for the stock from $32.00 to $31.00 in a report on Monday, April 7th. Finally, DA Davidson lowered their target price 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently 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.