19,947 Shares in United Community Banks, Inc. (NASDAQ:UCB) Purchased by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in United Community Banks, Inc. (NASDAQ:UCB) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 19,947 shares of the company’s stock, valued at approximately $644,000.

A number of other institutional investors also recently modified their holdings of UCB. Farther Finance Advisors LLC bought a new stake in shares of United Community Banks during the fourth quarter worth $80,000. Great Lakes Advisors LLC acquired a new stake in United Community Banks in the fourth quarter worth about $3,050,000. Swiss National Bank bought a new stake in United Community Banks during the 4th quarter worth about $7,573,000. Commonwealth Equity Services LLC acquired a new position in United Community Banks during the 4th quarter valued at about $273,000. Finally, Natixis Advisors LLC acquired a new position in United Community Banks during the 4th quarter valued at about $498,000. 82.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Sally Pope Davis purchased 1,800 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $28.19 per share, with a total value of $50,742.00. Following the completion of the purchase, the director now owns 3,264 shares in the company, valued at $92,012.16. This represents a 122.95% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.43% of the company’s stock.

United Community Banks Trading Down 0.5%

Shares of NASDAQ UCB opened at $28.48 on Monday. United Community Banks, Inc. has a twelve month low of $22.93 and a twelve month high of $35.38. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 13.96 and a beta of 0.75. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.08. The company’s fifty day moving average is $27.08 and its 200-day moving average is $30.50.

United Community Banks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend was Friday, March 14th. United Community Banks’s payout ratio is presently 45.50%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Piper Sandler lifted 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 report on Thursday, January 23rd. Stephens reaffirmed an “overweight” rating and set a $36.00 target price on shares of United Community Banks in a report on Wednesday, April 23rd. Keefe, Bruyette & Woods cut their price target on United Community Banks from $35.00 to $32.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 30th. DA Davidson decreased their price objective on 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, Hovde Group upgraded United Community Banks from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $32.00 to $31.00 in a report on Monday, April 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, United Community Banks currently has a consensus rating of “Moderate Buy” and an average price target of $33.14.

United Community Banks 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.