United Community Banks, Inc. (NASDAQ:UCB) EVP Sells $49,963.44 in Stock

United Community Banks, Inc. (NASDAQ:UCB) EVP Richard Bradshaw sold 1,527 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $32.72, for a total value of $49,963.44. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

United Community Banks Stock Up 0.2 %

United Community Banks stock opened at $33.58 on Wednesday. United Community Banks, Inc. has a 12-month low of $24.04 and a 12-month 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 company has a 50-day simple moving average of $32.69. The company has a market capitalization of $4.01 billion, a PE ratio of 16.46 and a beta of 0.93.

United Community Banks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 16th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Monday, December 16th. United Community Banks’s payout ratio is 47.06%.

Analyst Ratings Changes

A number of brokerages recently commented on UCB. Raymond James upgraded 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. Truist Financial decreased their target price on United Community Banks from $32.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Finally, Piper Sandler lifted their target price on United Community Banks from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd.

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.