United Community Banks, Inc. (NASDAQ:UCB) CEO H Lynn Harton Sells 31,679 Shares of 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 stock was sold at an average price of $33.84, for a total value of $1,072,017.36. Following the transaction, the chief executive officer now directly owns 112,444 shares in the company, valued at $3,805,104.96. The trade was a 21.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

United Community Banks Price Performance

UCB opened at $34.53 on Wednesday. The firm has a fifty day moving average price of $32.62. 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, Inc. has a 1 year low of $24.04 and a 1 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 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 of this dividend 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 47.06%.

Analyst Ratings Changes

Several analysts recently issued reports on UCB shares. Truist Financial reduced their price target on United Community Banks from $32.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Raymond James upgraded United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a research note on Thursday, December 19th. Finally, Piper Sandler boosted their price target on United Community Banks from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd.

Institutional Trading of United Community Banks

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. bought a new stake in shares of United Community Banks during the 4th quarter valued at $450,141,000. Segall Bryant & Hamill LLC bought a new stake in shares of United Community Banks during the 4th quarter valued at $27,535,000. Sei Investments Co. bought a new stake in shares of United Community Banks during the 4th quarter valued at $11,881,000. Swiss National Bank bought a new stake in shares of United Community Banks during the 4th quarter valued at $7,573,000. Finally, American Century Companies Inc. bought a new stake in shares of United Community Banks during the 4th quarter valued at $5,951,000. 82.29% of the stock is currently owned by institutional investors.

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.