42,048 Shares in United Community Banks, Inc. (NASDAQ:UCB) Bought by StoneX Group Inc.

StoneX Group Inc. purchased a new stake in United Community Banks, Inc. (NASDAQ:UCB) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 42,048 shares of the company’s stock, valued at approximately $1,369,000.

Several other hedge funds have also bought and sold shares of UCB. Nomura Asset Management Co. Ltd. bought a new stake in shares of United Community Banks in the fourth quarter worth about $31,000. Farther Finance Advisors LLC purchased a new stake in shares of United Community Banks during the 4th quarter worth approximately $80,000. Lee Danner & Bass Inc. bought a new position in shares of United Community Banks during the 4th quarter valued at approximately $174,000. Orion Portfolio Solutions LLC purchased a new position in shares of United Community Banks in the fourth quarter valued at $232,000. Finally, Patten & Patten Inc. TN bought a new stake in United Community Banks in the fourth quarter worth $255,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Richard Bradshaw sold 1,527 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $32.72, for a total value of $49,963.44. Following the transaction, the executive vice president now directly owns 67,876 shares in the company, valued at approximately $2,220,902.72. This represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO H Lynn Harton sold 31,679 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 112,444 shares in the company, valued at $3,805,104.96. This represents a 21.98 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Hovde Group dropped their price objective on shares of United Community Banks from $36.00 to $32.00 and set a “market perform” rating for the company in a research note on Thursday, March 20th. Raymond James upgraded United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a research report on Thursday, December 19th. Finally, Piper Sandler upped their price objective 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 Trading Down 1.4 %

Shares of UCB opened at $27.73 on Wednesday. The company’s fifty day simple moving average is $31.18 and its 200-day simple moving average is $31.07. The company has a market cap of $3.31 billion, a P/E ratio of 13.59 and a beta of 0.90. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08. United Community Banks, Inc. has a twelve month low of $26.00 and a twelve month high of $35.38.

United Community Banks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date is Friday, March 14th. United Community Banks’s dividend payout ratio (DPR) is currently 47.06%.

United Community Banks 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.