Richard Bradshaw Sells 1,527 Shares of United Community Banks, Inc. (NASDAQ:UCB) Stock

United Community Banks, Inc. (NASDAQ:UCB) EVP Richard Bradshaw sold 1,527 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $32.72, for a total value of $49,963.44. Following the completion of the transaction, the executive vice president now directly owns 67,876 shares in the company, valued at approximately $2,220,902.72. This represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

United Community Banks Stock Down 2.0 %

Shares of United Community Banks stock opened at $32.89 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.78 and a quick ratio of 0.78. United Community Banks, Inc. has a 12-month low of $24.04 and a 12-month high of $35.38. The firm has a market capitalization of $3.92 billion, a P/E ratio of 16.12 and a beta of 0.93. The business’s 50-day moving average price is $32.70.

United Community Banks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 16th were paid a $0.24 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.96 dividend on an annualized basis and a yield of 2.92%. United Community Banks’s dividend payout ratio (DPR) is 47.06%.

Analyst Upgrades and Downgrades

UCB has been the subject of several analyst reports. Piper Sandler lifted their price objective on shares of United Community Banks from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Raymond James upgraded shares of United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a research report on Thursday, December 19th. Finally, Truist Financial reduced their price target on United Community Banks from $32.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, October 25th.

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.