United Community Banks, Inc. (NYSE:UCB – Get Free Report) EVP Jefferson Harralson sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $35.41, for a total transaction of $885,250.00. Following the completion of the sale, the executive vice president owned 37,433 shares in the company, valued at $1,325,502.53. This represents a 40.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
United Community Banks Stock Down 0.3%
Shares of NYSE:UCB opened at $35.58 on Thursday. United Community Banks, Inc. has a 52-week low of $28.65 and a 52-week high of $37.18. The company has a market capitalization of $4.26 billion, a PE ratio of 11.70 and a beta of 0.81. 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 fifty day moving average of $34.42 and a 200-day moving average of $33.55.
United Community Banks (NYSE:UCB – Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.09). The firm had revenue of $279.28 million for the quarter. United Community Banks had a net margin of 24.43% and a return on equity of 9.61%. On average, equities analysts predict that United Community Banks, Inc. will post 2.93 EPS for the current fiscal year.
United Community Banks Announces Dividend
Institutional Investors Weigh In On United Community Banks
A number of institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of United Community Banks by 18.8% during the second quarter. GAMMA Investing LLC now owns 7,496 shares of the company’s stock worth $263,000 after buying an additional 1,186 shares during the period. Moody National Bank Trust Division lifted its holdings in United Community Banks by 14.2% in the second quarter. Moody National Bank Trust Division now owns 26,568 shares of the company’s stock valued at $932,000 after buying an additional 3,313 shares during the period. Versant Capital Management Inc boosted its position in United Community Banks by 13.2% during the second quarter. Versant Capital Management Inc now owns 2,894 shares of the company’s stock valued at $102,000 after acquiring an additional 338 shares during the last quarter. Bank of America Corp DE boosted its position in United Community Banks by 27.6% during the first quarter. Bank of America Corp DE now owns 747,576 shares of the company’s stock valued at $23,541,000 after acquiring an additional 161,848 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new stake in United Community Banks during the 1st quarter worth about $342,000. 82.29% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the stock. Stephens boosted their target price on shares of United Community Banks from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. Keefe, Bruyette & Woods raised shares of United Community Banks from a “market perform” rating to an “outperform” rating and raised their price target for the company from $36.00 to $40.00 in a research note on Thursday, April 9th. Wall Street Zen cut shares of United Community Banks from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Piper Sandler restated a “neutral” rating and issued a $37.00 price objective on shares of United Community Banks in a report on Wednesday, July 22nd. Finally, Weiss Ratings raised United Community Banks from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, United Community Banks currently has an average rating of “Moderate Buy” and a consensus price target of $38.80.
Get Our Latest Research Report on UCB
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.
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