United Community Banks, Inc. (NASDAQ:UCB) CEO H Lynn Harton Sells 31,679 Shares

United Community Banks, Inc. (NASDAQ:UCB) CEO H Lynn Harton sold 31,679 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $33.84, for a total transaction of $1,072,017.36. Following the transaction, the chief executive officer now directly owns 112,444 shares in the company, valued at $3,805,104.96. The trade was a 21.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

United Community Banks Stock Up 1.9 %

Shares of NASDAQ UCB traded up $0.66 during midday trading on Tuesday, hitting $34.53. The company had a trading volume of 385,023 shares, compared to its average volume of 642,023. 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 twelve month low of $24.04 and a twelve month high of $35.38. The firm has a 50-day simple moving average of $32.62. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 16.93 and a beta of 0.92.

United Community Banks Announces Dividend

The business 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. This represents a $0.96 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Monday, December 16th. United Community Banks’s dividend payout ratio (DPR) is 47.06%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UCB. Raymond James upgraded shares of United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 target price for the company in a research note on Thursday, December 19th. Piper Sandler raised 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 note on Thursday, January 23rd. Finally, Truist Financial reduced their target price on shares of United Community Banks from $32.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, October 25th.

Hedge Funds Weigh In On United Community Banks

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UCB. Vanguard Group Inc. acquired a new position in United Community Banks during the fourth quarter worth about $450,141,000. Segall Bryant & Hamill LLC acquired a new position in United Community Banks during the fourth quarter worth about $27,535,000. Sei Investments Co. acquired a new position in United Community Banks during the fourth quarter worth about $11,881,000. Swiss National Bank acquired a new position in United Community Banks during the fourth quarter worth about $7,573,000. Finally, American Century Companies Inc. acquired a new position in United Community Banks during the fourth quarter worth about $5,951,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

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.