852,207 Shares in United Community Banks, Inc. (NASDAQ:UCB) Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC bought a new stake in United Community Banks, Inc. (NASDAQ:UCB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 852,207 shares of the company’s stock, valued at approximately $27,535,000.

Several other institutional investors have also recently bought and sold shares of UCB. Farther Finance Advisors LLC bought a new position in shares of United Community Banks in the 4th quarter valued at $80,000. Lee Danner & Bass Inc. bought a new position in United Community Banks in the fourth quarter valued at about $174,000. Patten & Patten Inc. TN acquired a new stake in shares of United Community Banks during the fourth quarter valued at about $255,000. Commonwealth Equity Services LLC bought a new stake in shares of United Community Banks during the fourth quarter worth about $273,000. Finally, Xponance Inc. acquired a new position in shares of United Community Banks in the fourth quarter valued at approximately $278,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

United Community Banks Stock Up 3.3 %

United Community Banks stock opened at $28.92 on Tuesday. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 14.17 and a beta of 0.90. United Community Banks, Inc. has a 52-week low of $26.00 and a 52-week high of $35.38. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a 50 day moving average price of $31.66 and a two-hundred day moving average price of $31.08.

United Community Banks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Friday, March 14th. United Community Banks’s dividend payout ratio is presently 47.06%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on UCB shares. Raymond James upgraded shares of United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a research report on Thursday, December 19th. Hovde Group cut their price target on shares of United Community Banks from $36.00 to $32.00 and set a “market perform” rating on the stock in a report on Thursday, March 20th. Finally, Piper Sandler increased their price objective on United Community Banks from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd.

Insider Activity at United Community Banks

In related news, EVP Richard Bradshaw sold 1,527 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $32.72, for a total transaction of $49,963.44. Following the transaction, the executive vice president now owns 67,876 shares in the company, valued at $2,220,902.72. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO H Lynn Harton sold 31,679 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $33.84, for a total transaction of $1,072,017.36. Following the completion of the sale, the chief executive officer now owns 112,444 shares of the company’s stock, valued at $3,805,104.96. The trade was a 21.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

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.