United Community Banks, Inc. (NASDAQ:UCBI) CAO Alan H. Kumler Sells 3,000 Shares

United Community Banks, Inc. (NASDAQ:UCBI) CAO Alan H. Kumler sold 3,000 shares of United Community Banks stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $28.00, for a total transaction of $84,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Alan H. Kumler also recently made the following trade(s):

  • On Monday, September 9th, Alan H. Kumler sold 3,000 shares of United Community Banks stock. The shares were sold at an average price of $27.06, for a total transaction of $81,180.00.
  • On Monday, July 29th, Alan H. Kumler sold 707 shares of United Community Banks stock. The shares were sold at an average price of $29.10, for a total transaction of $20,573.70.
  • On Friday, July 26th, Alan H. Kumler sold 135 shares of United Community Banks stock. The shares were sold at an average price of $28.97, for a total transaction of $3,910.95.
  • On Monday, July 29th, Alan H. Kumler sold 842 shares of United Community Banks stock. The shares were sold at an average price of $29.08, for a total transaction of $24,485.36.

Shares of NASDAQ UCBI opened at $27.53 on Friday. The company’s 50-day simple moving average is $26.94 and its 200-day simple moving average is $27.11. United Community Banks, Inc. has a 52-week low of $20.23 and a 52-week high of $29.99. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 12.86 and a beta of 1.28. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.26.

United Community Banks (NASDAQ:UCBI) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.01. United Community Banks had a net margin of 27.88% and a return on equity of 12.24%. The business had revenue of $142.32 million for the quarter, compared to analyst estimates of $142.30 million. During the same quarter last year, the business earned $0.53 earnings per share. Equities research analysts anticipate that United Community Banks, Inc. will post 2.3 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 5th. Investors of record on Sunday, September 15th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.68 dividend on an annualized basis and a yield of 2.47%. United Community Banks’s payout ratio is presently 31.78%.

A number of research analysts have weighed in on the stock. ValuEngine cut shares of United Community Banks from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. BidaskClub lowered shares of United Community Banks from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. DA Davidson assumed coverage on shares of United Community Banks in a research report on Tuesday, August 20th. They issued a “neutral” rating on the stock. SunTrust Banks dropped their target price on shares of United Community Banks from $30.00 to $29.00 and set a “hold” rating on the stock in a research report on Tuesday, August 27th. Finally, Zacks Investment Research lowered shares of United Community Banks from a “hold” rating to a “sell” rating in a research report on Wednesday, August 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $29.40.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Atria Investments LLC acquired a new position in United Community Banks during the second quarter worth about $4,175,000. Barrow Hanley Mewhinney & Strauss LLC boosted its position in United Community Banks by 6.6% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 34,017 shares of the financial services provider’s stock worth $971,000 after acquiring an additional 2,097 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its position in United Community Banks by 680.4% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 51,505 shares of the financial services provider’s stock worth $9,649,000 after acquiring an additional 44,905 shares during the last quarter. United Services Automobile Association boosted its position in United Community Banks by 3.5% during the second quarter. United Services Automobile Association now owns 156,079 shares of the financial services provider’s stock worth $4,458,000 after acquiring an additional 5,272 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new position in United Community Banks during the second quarter worth about $977,000. Hedge funds and other institutional investors own 92.26% of the company’s stock.

About United Community Banks

United Community Banks, Inc operates as the bank holding company for United Community Bank that provides retail and corporate banking services to individuals and businesses. It offers various deposit accounts, such as checking accounts, savings and time deposits accounts, NOW accounts, money market deposits, and certificates of deposit.

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