8,708 Shares in United Community Banks, Inc. (NASDAQ:UCB) Purchased by Two Sigma Investments LP

Two Sigma Investments LP acquired a new position in United Community Banks, Inc. (NASDAQ:UCB - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 8,708 shares of the company's stock, valued at approximately $281,000.

Several other large investors have also added to or reduced their stakes in UCB. Nomura Asset Management Co. Ltd. purchased a new stake in shares of United Community Banks in the 4th quarter worth about $31,000. Quadrant Capital Group LLC bought a new stake in shares of United Community Banks during the 4th quarter valued at about $45,000. Tower Research Capital LLC TRC purchased a new stake in shares of United Community Banks in the 4th quarter worth $59,000. Farther Finance Advisors LLC bought a new position in shares of United Community Banks in the fourth quarter worth about $80,000. Finally, State of Wyoming bought a new stake in shares of United Community Banks during the 4th quarter valued at $118,000. Institutional investors own 82.29% of the company's stock.

Analysts Set New Price Targets

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

United Community Banks Price Performance

NASDAQ:UCB traded up $0.07 during trading hours on Thursday, hitting $29.24. The company's stock had a trading volume of 528,647 shares, compared to its average volume of 660,825. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market capitalization of $3.55 billion, a PE ratio of 14.33 and a beta of 0.78. United Community Banks, Inc. has a 52-week low of $22.93 and a 52-week high of $35.38. The business's 50-day moving average is $27.58 and its two-hundred day moving average is $30.16.

United Community Banks Dividend Announcement

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 paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Friday, June 13th. United Community Banks's dividend payout ratio is currently 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.