Wealth Enhancement Advisory Services LLC Acquires New Holdings in United Community Banks, Inc. (NASDAQ:UCB)

Wealth Enhancement Advisory Services LLC purchased a new stake in United Community Banks, Inc. (NASDAQ:UCB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 20,609 shares of the company's stock, valued at approximately $666,000.

Other large investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. acquired a new position in shares of United Community Banks in the fourth quarter valued at about $31,000. Public Employees Retirement System of Ohio bought a new stake in United Community Banks in the 4th quarter valued at about $42,000. Quadrant Capital Group LLC acquired a new position in shares of United Community Banks during the 4th quarter worth approximately $45,000. Tower Research Capital LLC TRC bought a new position in shares of United Community Banks during the fourth quarter worth approximately $59,000. Finally, Farther Finance Advisors LLC bought a new position in shares of United Community Banks during the fourth quarter worth approximately $80,000. 82.29% of the stock is owned by institutional investors.

United Community Banks Price Performance

Shares of UCB traded up $0.07 during midday trading 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 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 one year low of $22.93 and a one year high of $35.38. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 14.33 and a beta of 0.78. The company's fifty day simple moving average is $27.58 and its two-hundred day simple moving average is $30.16.

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 given a $0.24 dividend. 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 presently 45.50%.

Wall Street Analyst Weigh In

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

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.