Sally Pope Davis Purchases 1,800 Shares of United Community Banks, Inc. (NASDAQ:UCB) Stock

United Community Banks, Inc. (NASDAQ:UCB) Director Sally Pope Davis bought 1,800 shares of the stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $28.19 per share, for a total transaction of $50,742.00. Following the completion of the purchase, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

United Community Banks Price Performance

Shares of NASDAQ:UCB opened at $28.53 on Friday. The company’s fifty day moving average price is $31.95 and its 200-day moving average price is $31.13. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 13.98 and a beta of 0.90. United Community Banks, Inc. has a one year low of $26.00 and a one year high of $35.38. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Friday, March 14th. United Community Banks’s payout ratio is 47.06%.

Hedge Funds Weigh In On United Community Banks

A number of institutional investors have recently made changes to their positions in UCB. Farther Finance Advisors LLC bought a new position in shares of United Community Banks in the 4th quarter worth $80,000. Great Lakes Advisors LLC bought a new position in shares of United Community Banks during the 4th quarter valued at $3,050,000. Swiss National Bank bought a new position in shares of United Community Banks during the 4th quarter valued at $7,573,000. Commonwealth Equity Services LLC bought a new position in shares of United Community Banks during the 4th quarter valued at $273,000. Finally, Natixis Advisors LLC bought a new position in shares of United Community Banks during the 4th quarter valued at $498,000. Institutional investors own 82.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Raymond James upgraded shares of United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a research note on Thursday, December 19th. Piper Sandler increased 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.

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.