Segall Bryant & Hamill LLC Sells 25,410 Shares of United Community Banks, Inc. (NASDAQ:UCB)

Segall Bryant & Hamill LLC lowered its position in shares of United Community Banks, Inc. (NASDAQ:UCB - Free Report) by 3.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 826,797 shares of the company's stock after selling 25,410 shares during the quarter. Segall Bryant & Hamill LLC owned 0.69% of United Community Banks worth $23,258,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. acquired a new position in United Community Banks in the 4th quarter worth $450,141,000. FMR LLC acquired a new position in United Community Banks in the 4th quarter worth $310,166,000. Dimensional Fund Advisors LP acquired a new position in United Community Banks in the 4th quarter worth $195,766,000. Capital Research Global Investors bought a new stake in shares of United Community Banks in the fourth quarter worth $148,763,000. Finally, Earnest Partners LLC bought a new stake in shares of United Community Banks in the fourth quarter worth $113,536,000. Institutional investors and hedge funds own 82.29% of the company's stock.

United Community Banks Trading Down 0.1%

NASDAQ UCB traded down $0.02 on Friday, hitting $31.70. The company's stock had a trading volume of 756,713 shares, compared to its average volume of 663,374. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.08. United Community Banks, Inc. has a 1-year low of $22.93 and a 1-year high of $35.38. The company's 50-day moving average is $29.63 and its 200 day moving average is $29.62. The firm has a market cap of $3.85 billion, a PE ratio of 15.54 and a beta of 0.78.

United Community Banks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Sunday, June 15th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a yield of 3.03%. United Community Banks's dividend payout ratio (DPR) is presently 45.50%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. DA Davidson reduced their target price on shares of United Community Banks from $38.00 to $33.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Stephens restated an "overweight" rating and set a $36.00 price objective on shares of United Community Banks in a report on Wednesday, April 23rd. Raymond James Financial restated a "market perform" rating on shares of United Community Banks in a report on Tuesday, July 8th. Hovde Group upgraded United Community Banks from a "market perform" rating to an "outperform" rating and reduced their price objective for the stock from $32.00 to $31.00 in a report on Monday, April 7th. Finally, Keefe, Bruyette & Woods lowered 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 report on Wednesday, April 30th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, United Community Banks currently has an average rating of "Hold" and a consensus target price of $33.14.

United Community Banks 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.