Kenneth L. Daniels Buys 500 Shares of United Community Banks, Inc. (NASDAQ:UCB) Stock

United Community Banks, Inc. (NASDAQ:UCB - Get Free Report) Director Kenneth L. Daniels purchased 500 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The shares were acquired at an average price of $27.23 per share, for a total transaction of $13,615.00. Following the completion of the transaction, the director now owns 2,500 shares in the company, valued at $68,075. The trade was a 25.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

United Community Banks Trading Up 1.1 %

NASDAQ UCB traded up $0.30 during trading on Thursday, reaching $27.91. 351,285 shares of the stock traded hands, compared to its average volume of 676,174. The stock's 50-day moving average price is $27.53 and its 200 day moving average price is $30.51. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.08. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 13.70 and a beta of 0.80. United Community Banks, Inc. has a fifty-two week low of $22.93 and a fifty-two week high of $35.38.

United Community Banks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.44%. The ex-dividend date was Friday, March 14th. United Community Banks's payout ratio is presently 45.50%.

Institutional Investors Weigh In On United Community Banks

Large investors have recently modified their holdings of the business. Nomura Asset Management Co. Ltd. bought a new stake in United Community Banks during the 4th quarter worth approximately $31,000. Versant Capital Management Inc acquired a new stake in shares of United Community Banks during the first quarter worth $37,000. Public Employees Retirement System of Ohio bought a new stake in United Community Banks in the 4th quarter valued at $42,000. Quadrant Capital Group LLC acquired a new position in United Community Banks in the 4th quarter worth $45,000. Finally, MassMutual Private Wealth & Trust FSB bought a new position in United Community Banks during the 1st quarter worth about $45,000. 82.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on UCB shares. Stephens restated an "overweight" rating and issued a $36.00 price objective on shares of United Community Banks in a research report on Wednesday, April 23rd. Keefe, Bruyette & Woods dropped their target price on United Community Banks from $35.00 to $32.00 and set a "market perform" rating for the company in a research report on Wednesday. Hovde Group upgraded United Community Banks from a "market perform" rating to an "outperform" rating and decreased their price target for the company from $32.00 to $31.00 in a report on Monday, April 7th. Piper Sandler upped their target price on shares of United Community Banks from $32.00 to $35.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Finally, DA Davidson cut their price objective 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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.