Analysts Set United Community Banks, Inc. (NASDAQ:UCB) PT at $33.14

Shares of United Community Banks, Inc. (NASDAQ:UCB) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $33.14.

Several research analysts recently issued reports on UCB shares. Keefe, Bruyette & Woods decreased their price target on shares of United Community Banks from $35.00 to $32.00 and set a “market perform” rating for the company in a research note on Wednesday, April 30th. Piper Sandler increased their price target 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. Hovde Group upgraded shares of United Community Banks from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $32.00 to $31.00 in a research note on Monday, April 7th. DA Davidson reduced their price objective on shares of United Community Banks from $38.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Finally, Stephens restated an “overweight” rating and set a $36.00 price objective on shares of United Community Banks in a research note on Wednesday, April 23rd.

United Community Banks Trading Down 0.3%

NASDAQ:UCB opened at $29.41 on Friday. The company has a 50-day moving average price of $27.19 and a 200-day moving average price of $30.54. United Community Banks has a 12 month low of $22.93 and a 12 month high of $35.38. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 14.42 and a beta of 0.75.

United Community Banks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Sunday, June 15th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.26%. United Community Banks’s dividend payout ratio is 45.50%.

Insider Buying and Selling

In other news, Director Sally Pope Davis acquired 1,800 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 3,264 shares in the company, valued at approximately $92,012.16. This trade represents a 122.95% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.43% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Quarry LP purchased a new stake in United Community Banks during the first quarter valued at $26,000. Nomura Asset Management Co. Ltd. purchased a new stake in United Community Banks during the fourth quarter valued at $31,000. Versant Capital Management Inc purchased a new stake in United Community Banks during the first quarter valued at $37,000. Public Employees Retirement System of Ohio purchased a new stake in United Community Banks during the fourth quarter valued at $42,000. Finally, Quadrant Capital Group LLC purchased a new stake in United Community Banks during the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

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.