40,407 Shares in United Community Banks, Inc. (NASDAQ:UCB) Purchased by Stifel Financial Corp

Stifel Financial Corp purchased a new position in United Community Banks, Inc. (NASDAQ:UCB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 40,407 shares of the company's stock, valued at approximately $1,306,000.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. bought a new stake in United Community Banks during the 4th quarter valued at $450,141,000. FMR LLC bought a new stake in United Community Banks during the 4th quarter valued at $310,166,000. Dimensional Fund Advisors LP bought a new stake in United Community Banks during the 4th quarter valued at $195,766,000. Capital Research Global Investors bought a new stake in United Community Banks during the 4th quarter valued at $148,763,000. Finally, Geode Capital Management LLC bought a new stake in United Community Banks during the 4th quarter valued at $88,397,000. Institutional investors own 82.29% of the company's stock.

United Community Banks Price Performance

NASDAQ:UCB traded up $0.16 during midday trading on Tuesday, hitting $29.92. The company had a trading volume of 121,764 shares, compared to its average volume of 671,406. United Community Banks, Inc. has a 52-week low of $22.93 and a 52-week high of $35.38. The stock's fifty day moving average price is $27.07 and its 200-day moving average price is $30.51. The company has a market capitalization of $3.57 billion, a PE ratio of 14.67 and a beta of 0.75. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were given a dividend of $0.24 per share. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 3.21%. United Community Banks's payout ratio is 45.50%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on UCB shares. Hovde Group raised shares of 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 report on Monday, April 7th. Stephens reaffirmed an "overweight" rating and issued a $36.00 price target on shares of United Community Banks in a report on Wednesday, April 23rd. Keefe, Bruyette & Woods decreased 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 report on Wednesday, April 30th. DA Davidson decreased their price target 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. Finally, Piper Sandler upped their target price on shares of United Community Banks from $32.00 to $35.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, United Community Banks presently has a consensus rating of "Moderate Buy" and an average target price of $33.14.

Insider Buying and Selling at United Community Banks

In other United Community Banks news, Director Sally Pope Davis purchased 1,800 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of $28.19 per share, for a total transaction of $50,742.00. Following the completion of the transaction, the director now directly owns 3,264 shares in the company, valued at approximately $92,012.16. This represents a 122.95% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.43% of the company's stock.

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.