United Community Banks, Inc. (NASDAQ:UCB) CEO Sells $1,072,017.36 in Stock

United Community Banks, Inc. (NASDAQ:UCB) CEO H Lynn Harton sold 31,679 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were 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 directly owns 112,444 shares of the company’s stock, valued at $3,805,104.96. This trade represents a 21.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

United Community Banks Trading Up 0.8 %

Shares of NASDAQ:UCB opened at $33.47 on Friday. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 16.40 and a beta of 0.92. The stock has a fifty day moving average of $32.62. 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 12-month low of $24.04 and a 12-month high of $35.38.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UCB. Vanguard Group Inc. bought a new position in shares of United Community Banks during the fourth quarter worth about $450,141,000. FMR LLC acquired a new stake in United Community Banks during the fourth quarter valued at approximately $310,166,000. Geode Capital Management LLC bought a new position in United Community Banks during the 4th quarter worth approximately $88,397,000. Massachusetts Financial Services Co. MA acquired a new position in shares of United Community Banks in the 4th quarter worth approximately $60,495,000. Finally, Invesco Ltd. acquired a new position in shares of United Community Banks in the 4th quarter worth approximately $46,960,000. 82.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on UCB shares. Raymond James raised shares of United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a report on Thursday, December 19th. Piper Sandler raised their target price 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. Finally, Truist Financial cut their price target on United Community Banks from $32.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, October 25th.

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.