United Community Banks, Inc. (NASDAQ:UCB) CEO Sells $1,072,017.36 in Stock

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

United Community Banks Stock Up 1.9 %

Shares of NASDAQ UCB traded up $0.66 during trading on Tuesday, reaching $34.53. 385,023 shares of the stock were exchanged, compared to its average volume of 642,023. The business’s 50-day moving average price is $32.62. United Community Banks, Inc. has a twelve month low of $24.04 and a twelve month high of $35.38. 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 company has a market cap of $4.12 billion, a P/E ratio of 16.93 and a beta of 0.92.

United Community Banks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 16th were given a dividend of $0.24 per share. The ex-dividend date was Monday, December 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.78%. United Community Banks’s payout ratio is currently 47.06%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Raymond James raised shares of United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 price target on the stock in a research report on Thursday, December 19th. Piper Sandler lifted their price target 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, Truist Financial reduced their price target on shares of 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.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC acquired a new stake in United Community Banks in the fourth quarter valued at $80,000. Lee Danner & Bass Inc. acquired a new stake in United Community Banks in the fourth quarter valued at $174,000. Patten & Patten Inc. TN acquired a new stake in United Community Banks in the fourth quarter valued at $255,000. Commonwealth Equity Services LLC acquired a new stake in United Community Banks in the fourth quarter valued at $273,000. Finally, Xponance Inc. acquired a new stake in United Community Banks in the fourth quarter valued at $278,000. 82.29% of the stock is owned by institutional investors and hedge funds.

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.