United Community Banks, Inc. (NASDAQ:UCBI) Director Kenneth L. Daniels Buys 500 Shares of Stock

United Community Banks, Inc. (NASDAQ:UCBIGet Rating) Director Kenneth L. Daniels bought 500 shares of the business’s stock in a transaction that occurred on Thursday, June 16th. The stock was purchased at an average price of $28.20 per share, with a total value of $14,100.00. Following the completion of the purchase, the director now directly owns 13,299 shares of the company’s stock, valued at approximately $375,031.80. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of UCBI stock opened at $27.96 on Friday. The stock’s fifty day moving average is $30.78 and its 200-day moving average is $34.26. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.75 and a current ratio of 0.76. The stock has a market capitalization of $2.96 billion, a PE ratio of 10.84 and a beta of 1.07. United Community Banks, Inc. has a 52 week low of $27.62 and a 52 week high of $39.32.

United Community Banks (NASDAQ:UCBIGet Rating) last announced its earnings results on Tuesday, April 19th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.03). The business had revenue of $202.77 million for the quarter, compared to the consensus estimate of $202.89 million. United Community Banks had a return on equity of 11.93% and a net margin of 32.10%. United Community Banks’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.83 EPS. As a group, analysts forecast that United Community Banks, Inc. will post 2.66 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 5th. Investors of record on Wednesday, June 15th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.00%. The ex-dividend date is Tuesday, June 14th. United Community Banks’s dividend payout ratio is 32.56%.

A number of analysts have weighed in on UCBI shares. Truist Financial lowered their price target on United Community Banks from $34.00 to $32.00 in a research report on Wednesday. Raymond James cut United Community Banks from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 6th. Finally, StockNews.com upgraded United Community Banks from a “sell” rating to a “hold” rating in a research report on Tuesday.

A number of institutional investors have recently bought and sold shares of UCBI. Raleigh Capital Management Inc. bought a new position in United Community Banks in the first quarter valued at about $26,000. EverSource Wealth Advisors LLC lifted its stake in United Community Banks by 87.5% in the first quarter. EverSource Wealth Advisors LLC now owns 1,123 shares of the financial services provider’s stock valued at $39,000 after buying an additional 524 shares during the period. Massmutual Trust Co. FSB ADV acquired a new position in United Community Banks in the first quarter valued at about $54,000. Lazard Asset Management LLC lifted its stake in United Community Banks by 54.0% in the fourth quarter. Lazard Asset Management LLC now owns 1,605 shares of the financial services provider’s stock valued at $57,000 after buying an additional 563 shares during the period. Finally, Lee Financial Co acquired a new position in United Community Banks in the first quarter valued at about $96,000. Institutional investors and hedge funds own 79.51% of the company’s stock.

About United Community Banks (Get Rating)

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. The company accepts various deposit products, including checking, savings, money market, and other deposit accounts.

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