United Community Banks (NYSE:UCB) EVP Jefferson Harralson Sells 25,000 Shares of Stock

United Community Banks, Inc. (NYSE:UCB) EVP Jefferson Harralson sold 25,000 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $35.41, for a total value of $885,250.00. Following the sale, the executive vice president directly owned 37,433 shares of the company’s stock, valued at approximately $1,325,502.53. This represents a 40.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

United Community Banks Price Performance

Shares of NYSE:UCB opened at $35.66 on Wednesday. The company’s 50-day moving average is $34.38 and its 200 day moving average is $33.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market capitalization of $4.27 billion, a P/E ratio of 11.73 and a beta of 0.81. United Community Banks, Inc. has a fifty-two week low of $28.65 and a fifty-two week high of $37.18.

United Community Banks (NYSE:UCB) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.09). The company had revenue of $279.28 million for the quarter. United Community Banks had a return on equity of 9.61% and a net margin of 24.43%. On average, equities research analysts forecast that United Community Banks, Inc. will post 2.93 earnings per share for the current year.

United Community Banks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Monday, June 15th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, June 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.8%. United Community Banks’s dividend payout ratio (DPR) is presently 32.89%.

Institutional Trading of United Community Banks

A number of institutional investors have recently modified their holdings of UCB. Caitong International Asset Management Co. Ltd bought a new position in United Community Banks in the 4th quarter worth approximately $29,000. Covestor Ltd raised its holdings in United Community Banks by 196.1% during the 4th quarter. Covestor Ltd now owns 992 shares of the company’s stock valued at $31,000 after acquiring an additional 657 shares during the period. Torren Management LLC purchased a new stake in shares of United Community Banks during the fourth quarter worth $39,000. First Horizon Corp lifted its position in shares of United Community Banks by 51.7% during the fourth quarter. First Horizon Corp now owns 1,315 shares of the company’s stock worth $41,000 after acquiring an additional 448 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of United Community Banks in the fourth quarter worth $42,000. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UCB has been the topic of several research analyst reports. Keefe, Bruyette & Woods upgraded United Community Banks from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $36.00 to $40.00 in a research note on Thursday, April 9th. TD Cowen raised United Community Banks to a “strong-buy” rating in a research report on Thursday, July 16th. Weiss Ratings upgraded United Community Banks from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 30th. Stephens upped their price target on United Community Banks from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Finally, Hovde Group cut their price target on United Community Banks from $38.00 to $37.00 and set a “market perform” rating for the company in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $38.80.

United Community Banks Company Profile

United Community Banks, Inc (NYSE: UCB) is a bank holding company headquartered in Blairsville, Georgia. It operates primarily through its subsidiary, United Community Bank, providing a broad range of banking and financial services to individual, business and governmental customers. The company’s core offerings include deposit accounts, commercial and consumer lending, mortgage origination, treasury and cash management services, and wealth management.

In addition to traditional banking products such as checking, savings and money market accounts, United Community Bank specializes in commercial real estate financing, small business administration (SBA) loans, equipment financing and agricultural lending.