6,792 Shares in United Community Banks, Inc. (NASDAQ:UCB) Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new position in shares of United Community Banks, Inc. (NASDAQ:UCB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,792 shares of the company’s stock, valued at approximately $219,000.

Other institutional investors have also recently made changes to their positions in the company. Thoroughbred Financial Services LLC bought a new stake in United Community Banks in the fourth quarter valued at approximately $1,132,000. ExodusPoint Capital Management LP acquired a new position in United Community Banks in the fourth quarter valued at $735,000. Massachusetts Financial Services Co. MA acquired a new stake in United Community Banks during the 4th quarter worth about $60,495,000. Geode Capital Management LLC acquired a new position in shares of United Community Banks in the 4th quarter valued at about $88,397,000. Finally, StoneX Group Inc. bought a new stake in shares of United Community Banks during the 4th quarter valued at about $1,369,000. Institutional investors own 82.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Hovde Group upgraded United Community Banks from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $32.00 to $31.00 in a report on Monday. Piper Sandler boosted their target price on shares of United Community Banks from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Finally, Raymond James raised 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 note on Thursday, December 19th.

United Community Banks Trading Down 1.7 %

Shares of United Community Banks stock opened at $23.68 on Wednesday. The stock has a market capitalization of $2.83 billion, a PE ratio of 11.61 and a beta of 0.80. United Community Banks, Inc. has a 52 week low of $23.38 and a 52 week high of $35.38. The stock has a 50 day moving average price of $30.18 and a two-hundred day moving average price of $30.86. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.78 and a current ratio of 0.78.

United Community Banks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 4.05%. United Community Banks’s dividend payout ratio (DPR) is presently 47.06%.

Insiders Place Their Bets

In related news, CEO H Lynn Harton sold 31,679 shares of the company’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 in the company, valued at approximately $3,805,104.96. This represents a 21.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Richard Bradshaw sold 1,527 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $32.72, for a total value of $49,963.44. Following the completion of the sale, the executive vice president now directly owns 67,876 shares of the company’s stock, valued at $2,220,902.72. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

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.