United Community Banks, Inc. (NASDAQ:UCB) CEO H Lynn Harton Sells 31,679 Shares

United Community Banks, Inc. (NASDAQ:UCB) CEO H Lynn Harton sold 31,679 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $33.84, for a total value of $1,072,017.36. Following the completion of the sale, the chief executive officer now owns 112,444 shares in the company, valued at approximately $3,805,104.96. This represents a 21.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

United Community Banks Stock Down 3.8 %

UCB opened at $33.25 on Thursday. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 16.30 and a beta of 0.92. The firm’s fifty day moving average is $32.63. United Community Banks, Inc. has a 52 week low of $24.04 and a 52 week high of $35.38. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on UCB shares. Truist Financial cut their price target on United Community Banks from $32.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Piper Sandler lifted their target price 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. Finally, Raymond James upgraded shares of United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 price target on the stock in a research report on Thursday, December 19th.

Institutional Investors Weigh In On United Community Banks

Several hedge funds have recently modified their holdings of UCB. Nomura Asset Management Co. Ltd. purchased a new position in shares of United Community Banks during the fourth quarter valued at approximately $31,000. Farther Finance Advisors LLC acquired a new position in United Community Banks in the 4th quarter valued at $80,000. Lee Danner & Bass Inc. purchased a new position in shares of United Community Banks during the 4th quarter worth $174,000. Landscape Capital Management L.L.C. acquired a new stake in shares of United Community Banks during the fourth quarter worth $219,000. Finally, Orion Portfolio Solutions LLC purchased a new stake in shares of United Community Banks in the fourth quarter valued at $232,000. 82.29% of the stock is owned by institutional investors and hedge funds.

About United Community Banks

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.