United Community Banks, Inc. (NASDAQ:UCB – Get Free Report) Director Sally Pope Davis acquired 1,800 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $28.19 per share, for a total transaction of $50,742.00. Following the purchase, the director now directly owns 3,264 shares in the company, valued at $92,012.16. This trade represents a 122.95 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
United Community Banks Stock Down 1.9 %
Shares of UCB stock traded down $0.54 during trading on Thursday, reaching $27.89. The company’s stock had a trading volume of 552,345 shares, compared to its average volume of 596,354. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 13.67 and a beta of 0.90. United Community Banks, Inc. has a one year low of $24.04 and a one year high of $35.38. The business has a fifty day moving average price of $32.09 and a 200-day moving average price of $31.16. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.08.
United Community Banks Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.44%. United Community Banks’s dividend payout ratio is 47.06%.
Institutional Trading of United Community Banks
Analyst Upgrades and Downgrades
UCB has been the subject of several research reports. Raymond James raised shares of United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 price objective for the company in a research report on Thursday, December 19th. Piper Sandler lifted their price target on United Community Banks from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd.
Read Our Latest Stock Report on UCB
United Community Banks Company 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.
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