United Community Banks, Inc. (NASDAQ:UCB) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of United Community Banks, Inc. (NASDAQ:UCB) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $33.14.

A number of equities research analysts recently issued reports on the stock. Piper Sandler upped their price objective on shares of United Community Banks from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods decreased their price objective on shares of United Community Banks from $35.00 to $32.00 and set a “market perform” rating for the company in a report on Wednesday, April 30th. Stephens reissued an “overweight” rating and set a $36.00 target price on shares of United Community Banks in a research report on Wednesday, April 23rd. DA Davidson cut their target price on shares of United Community Banks from $38.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Finally, Hovde Group raised shares of United Community Banks from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $32.00 to $31.00 in a research report on Monday, April 7th.

Insider Activity

In other United Community Banks news, Director Sally Pope Davis purchased 1,800 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $28.19 per share, with a total value of $50,742.00. Following the completion of the transaction, the director now directly owns 3,264 shares of the company’s stock, valued at approximately $92,012.16. This trade represents a 122.95% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.43% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP acquired a new position in United Community Banks in the first quarter worth about $26,000. Nomura Asset Management Co. Ltd. acquired a new position in United Community Banks in the fourth quarter worth about $31,000. Versant Capital Management Inc acquired a new position in United Community Banks in the first quarter worth about $37,000. Public Employees Retirement System of Ohio acquired a new position in United Community Banks in the fourth quarter worth about $42,000. Finally, Quadrant Capital Group LLC acquired a new position in United Community Banks in the fourth quarter worth about $45,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

United Community Banks Trading Down 0.3%

Shares of NASDAQ:UCB opened at $29.69 on Friday. The stock has a market capitalization of $3.55 billion, a PE ratio of 14.55 and a beta of 0.75. United Community Banks has a 1 year low of $22.93 and a 1 year high of $35.38. The firm has a fifty day moving average price of $27.14 and a 200 day moving average price of $30.53. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08.

United Community Banks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Sunday, June 15th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Friday, June 13th. United Community Banks’s dividend payout ratio is currently 45.50%.

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.