United Community Banks (NASDAQ:UCB) Stock Unloaded Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of United Community Banks, Inc. NASDAQ: UCB. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $50,001 and $100,000 in United Community Banks stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

United Community Banks Stock Up 0.6%

UCB traded up $0.18 during trading on Friday, reaching $31.55. The stock had a trading volume of 805,838 shares, compared to its average volume of 731,105. The stock's 50 day moving average is $29.77 and its two-hundred day moving average is $29.63. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 15.46 and a beta of 0.78. United Community Banks, Inc. has a one year low of $22.93 and a one year high of $35.38.

United Community Banks (NASDAQ:UCB - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.05. United Community Banks had a return on equity of 8.64% and a net margin of 16.48%. The firm's quarterly revenue was up 6.1% on a year-over-year basis. As a group, analysts expect that United Community Banks, Inc. will post 2.52 earnings per share for the current year.

United Community Banks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Sunday, June 15th were issued a $0.24 dividend. 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 3.04%. United Community Banks's dividend payout ratio (DPR) is 45.50%.

Institutional Investors Weigh In On United Community Banks

Hedge funds and other institutional investors have recently made changes to their positions in the company. Yousif Capital Management LLC grew its position in shares of United Community Banks by 1.9% during the 2nd quarter. Yousif Capital Management LLC now owns 45,253 shares of the company's stock worth $1,348,000 after buying an additional 834 shares in the last quarter. CWM LLC grew its position in shares of United Community Banks by 358.4% during the 2nd quarter. CWM LLC now owns 10,099 shares of the company's stock worth $301,000 after buying an additional 7,896 shares in the last quarter. Inspire Investing LLC grew its position in shares of United Community Banks by 6.4% during the 2nd quarter. Inspire Investing LLC now owns 13,028 shares of the company's stock worth $388,000 after buying an additional 781 shares in the last quarter. Maryland State Retirement & Pension System grew its position in shares of United Community Banks by 2.5% during the 2nd quarter. Maryland State Retirement & Pension System now owns 35,707 shares of the company's stock worth $1,064,000 after buying an additional 887 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its position in shares of United Community Banks by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 56,800 shares of the company's stock worth $1,692,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 82.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on UCB. Keefe, Bruyette & Woods reduced their price objective on United Community Banks from $35.00 to $32.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. DA Davidson lifted their price objective on United Community Banks from $34.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday. Stephens reaffirmed an "overweight" rating and set a $36.00 price objective on shares of United Community Banks in a research report on Wednesday, April 23rd. Hovde Group boosted their price target on United Community Banks from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, Raymond James Financial reissued a "market perform" rating on shares of United Community Banks in a report on Tuesday, July 8th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $34.29.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.