38,561 Shares in United Community Banks, Inc. (NASDAQ:UCB) Bought by LPL Financial LLC

LPL Financial LLC bought a new stake in United Community Banks, Inc. (NASDAQ:UCB) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 38,561 shares of the company’s stock, valued at approximately $1,246,000.

Several other hedge funds and other institutional investors also 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. Great Lakes Advisors LLC acquired a new stake in shares of United Community Banks in the fourth quarter valued at about $3,050,000. Swiss National Bank bought a new position in shares of United Community Banks during the fourth quarter worth about $7,573,000. Commonwealth Equity Services LLC acquired a new position in shares of United Community Banks in the fourth quarter worth approximately $273,000. Finally, Natixis Advisors LLC bought a new stake in United Community Banks in the fourth quarter valued at approximately $498,000. 82.29% of the stock is currently owned by institutional investors.

United Community Banks Trading Up 0.4 %

NASDAQ UCB opened at $24.74 on Friday. The stock has a market capitalization of $2.95 billion, a P/E ratio of 12.13 and a beta of 0.80. The business has a 50 day simple moving average of $28.54 and a 200 day simple moving average of $30.57. 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 one year low of $22.93 and a one year high of $35.38.

United Community Banks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend was Friday, March 14th. United Community Banks’s dividend payout ratio (DPR) is 47.06%.

Insider Activity

In other news, CEO H Lynn Harton sold 31,679 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $33.84, for a total value of $1,072,017.36. Following the completion of the sale, the chief executive officer now directly owns 112,444 shares in the company, valued at $3,805,104.96. This trade represents a 21.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Richard Bradshaw sold 1,527 shares of the business’s 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 sale, the executive vice president now directly owns 67,876 shares of the company’s stock, valued at $2,220,902.72. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

UCB has been the subject of several analyst reports. Hovde Group upgraded shares of United Community Banks from a “market perform” rating to an “outperform” rating and lowered their price target for the stock from $32.00 to $31.00 in a report on Monday, April 7th. Piper Sandler increased 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 report on Thursday, January 23rd.

United Community Banks 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.