12,280 Shares in United Community Banks, Inc. (NASDAQ:UCB) Acquired by O Dell Group LLC

O Dell Group LLC acquired a new position in shares of United Community Banks, Inc. (NASDAQ:UCB - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,280 shares of the company's stock, valued at approximately $345,000.

Other hedge funds also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. bought a new position in United Community Banks in the fourth quarter worth about $31,000. Versant Capital Management Inc bought a new position in United Community Banks in the first quarter worth about $37,000. Public Employees Retirement System of Ohio bought a new position in United Community Banks in the fourth quarter worth about $42,000. Quadrant Capital Group LLC bought a new position in United Community Banks in the fourth quarter worth about $45,000. Finally, MassMutual Private Wealth & Trust FSB bought a new position in United Community Banks in the first quarter worth about $45,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods cut their target price 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 reissued an "overweight" rating and issued a $36.00 target price on shares of United Community Banks in a report on Wednesday, April 23rd. DA Davidson cut their price objective on shares of United Community Banks from $38.00 to $33.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, Hovde Group upgraded shares of United Community Banks from a "market perform" rating to an "outperform" rating and cut their price objective for the company from $32.00 to $31.00 in a research report on Monday, April 7th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, United Community Banks currently has a consensus rating of "Moderate Buy" and an average price target of $33.14.

United Community Banks Price Performance

Shares of UCB stock traded up $0.78 during midday trading on Monday, reaching $28.63. 563,696 shares of the company were exchanged, compared to its average volume of 665,361. United Community Banks, Inc. has a 12 month low of $22.93 and a 12 month high of $35.38. The company has a market cap of $3.48 billion, a P/E ratio of 14.03 and a beta of 0.78. The company's 50 day moving average price is $28.11 and its two-hundred day moving average price is $29.82. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.78 and a current ratio of 0.78.

United Community Banks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Sunday, June 15th will be given a dividend of $0.24 per share. 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 3.35%. United Community Banks's dividend payout ratio (DPR) is 45.50%.

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.