23,255 Shares in United Community Banks, Inc. (NASDAQ:UCB) Bought by Moody National Bank Trust Division

Moody National Bank Trust Division acquired a new position in shares of United Community Banks, Inc. (NASDAQ:UCB - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,255 shares of the company's stock, valued at approximately $654,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. bought a new position in shares of United Community Banks in the fourth quarter worth approximately $450,141,000. FMR LLC bought a new position in shares of United Community Banks in the fourth quarter worth approximately $310,166,000. Dimensional Fund Advisors LP bought a new position in shares of United Community Banks in the fourth quarter worth approximately $195,766,000. Capital Research Global Investors bought a new position in shares of United Community Banks in the fourth quarter worth approximately $148,763,000. Finally, Earnest Partners LLC bought a new position in shares of United Community Banks in the fourth quarter worth approximately $113,536,000. Institutional investors own 82.29% of the company's stock.

United Community Banks Stock Performance

United Community Banks stock traded down $0.24 during midday trading on Wednesday, reaching $28.60. 261,598 shares of the company traded hands, compared to its average volume of 658,388. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 14.02 and a beta of 0.78. The business has a 50 day moving average of $27.20 and a two-hundred day moving average of $30.35. United Community Banks, Inc. has a 12 month low of $22.93 and a 12 month 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.

United Community Banks Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a yield of 3.36%. United Community Banks's dividend payout ratio is currently 45.50%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. DA Davidson dropped 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 research note on Wednesday, April 23rd. Stephens restated an "overweight" rating and set a $36.00 price objective on shares of United Community Banks in a research report on Wednesday, April 23rd. 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 research report on Wednesday, April 30th. Finally, Hovde Group upgraded shares of United Community Banks from a "market perform" rating to an "outperform" rating and lowered their price objective for the company from $32.00 to $31.00 in a research report on Monday, April 7th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $33.14.

Insider Buying and Selling at United Community Banks

In other United Community Banks news, Director Sally Pope Davis bought 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 represents a 122.95% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.54% of the stock is owned by corporate insiders.

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.