United Community Banks, Inc. (NYSE:UCB – Get Free Report) EVP Richard Bradshaw sold 1,424 shares of the business’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $35.09, for a total transaction of $49,968.16. Following the transaction, the executive vice president directly owned 83,228 shares of the company’s stock, valued at approximately $2,920,470.52. This trade represents a 1.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
United Community Banks Stock Performance
NYSE:UCB traded up $0.28 during mid-day trading on Tuesday, hitting $35.45. The stock had a trading volume of 207,824 shares, compared to its average volume of 920,044. The company has a 50 day simple moving average of $34.31 and a 200-day simple moving average of $33.52. United Community Banks, Inc. has a 52 week low of $28.65 and a 52 week high of $37.18. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 11.66 and a beta of 0.81. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.22.
United Community Banks (NYSE:UCB – Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The company reported $0.71 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, research analysts expect that United Community Banks, Inc. will post 2.93 earnings per share for the current fiscal year.
United Community Banks Announces Dividend
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Weiss Ratings raised United Community Banks from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, June 30th. Hovde Group reduced their target price on shares of 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. Stephens raised their price target on shares of United Community Banks from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. DA Davidson reaffirmed a “buy” rating and issued a $40.00 price objective on shares of United Community Banks in a research note on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods upgraded shares of United Community Banks from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $36.00 to $40.00 in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, United Community Banks currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.80.
View Our Latest Stock Report on United Community Banks
Institutional Investors Weigh In On United Community Banks
Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank bought a new stake in United Community Banks in the fourth quarter valued at $48,450,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of United Community Banks during the first quarter worth approximately $34,183,000. Goldman Sachs Group Inc. boosted its holdings in shares of United Community Banks by 70.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,380,627 shares of the company’s stock worth $43,103,000 after acquiring an additional 571,296 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of United Community Banks by 125.7% in the 3rd quarter. Wellington Management Group LLP now owns 774,660 shares of the company’s stock worth $24,286,000 after acquiring an additional 431,491 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its position in United Community Banks by 105.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 766,552 shares of the company’s stock worth $24,031,000 after acquiring an additional 394,263 shares during the last quarter. Institutional investors own 82.29% of the company’s stock.
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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