United Community Banks, Inc. (NASDAQ:UCB) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its holdings in United Community Banks, Inc. (NASDAQ:UCB - Free Report) by 3.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 826,797 shares of the company's stock after selling 25,410 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.69% of United Community Banks worth $23,258,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Nomura Asset Management Co. Ltd. purchased a new stake in shares of United Community Banks during the 4th quarter worth $31,000. Versant Capital Management Inc acquired a new position in shares of United Community Banks during the 1st quarter worth about $37,000. Public Employees Retirement System of Ohio acquired a new position in shares of United Community Banks during the 4th quarter worth about $42,000. Quadrant Capital Group LLC purchased a new position in shares of United Community Banks in the 4th quarter valued at about $45,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new stake in shares of United Community Banks during the 1st quarter worth about $45,000. Institutional investors and hedge funds own 82.29% of the company's stock.

United Community Banks Stock Performance

Shares of UCB stock traded up $0.62 during trading hours on Thursday, reaching $31.60. 351,940 shares of the company's stock were exchanged, compared to its average volume of 661,281. The company's 50 day moving average is $29.50 and its two-hundred day moving average is $29.65. The company has a market cap of $3.84 billion, a P/E ratio of 15.48 and a beta of 0.78. 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, Inc. has a 1 year low of $22.93 and a 1 year high of $35.38.

United Community Banks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Sunday, June 15th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend was Friday, June 13th. United Community Banks's dividend payout ratio (DPR) is 45.50%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods dropped their price target on shares of United Community Banks from $35.00 to $32.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 30th. Raymond James Financial reissued a "market perform" rating on shares of United Community Banks in a research report on Tuesday, July 8th. Hovde Group raised United Community Banks from a "market perform" rating to an "outperform" rating and cut their price target for the stock from $32.00 to $31.00 in a research report on Monday, April 7th. Stephens reiterated 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, DA Davidson cut 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, United Community Banks presently has a consensus rating of "Hold" 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.