United Community Banks, Inc. (NASDAQ:UCB) EVP Sells $49,963.44 in Stock

United Community Banks, Inc. (NASDAQ:UCB) EVP Richard Bradshaw sold 1,527 shares of the stock in a transaction dated 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

United Community Banks Stock Up 1.6 %

NASDAQ UCB traded up $0.53 during trading on Monday, hitting $33.50. 765,709 shares of the stock traded hands, compared to its average volume of 665,776. The firm has a market capitalization of $4.00 billion, a P/E ratio of 16.42 and a beta of 0.93. The company has a 50-day moving average of $32.67. 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, Inc. has a 12-month low of $24.04 and a 12-month high of $35.38.

United Community Banks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 16th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Monday, December 16th. United Community Banks’s payout ratio is 47.06%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on UCB. Raymond James raised United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a report on Thursday, December 19th. Truist Financial cut their target price on United Community Banks from $32.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Finally, Piper Sandler increased their target price on United Community Banks from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday.

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.