H Lynn Harton Sells 31,679 Shares of United Community Banks, Inc. (NASDAQ:UCB) Stock

United Community Banks, Inc. (NASDAQ:UCB) CEO H Lynn Harton sold 31,679 shares of United Community Banks stock in a transaction 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 transaction, the chief executive officer now owns 112,444 shares in the company, valued at approximately $3,805,104.96. This represents a 21.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

United Community Banks Stock Down 3.8 %

NASDAQ UCB opened at $33.25 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $3.97 billion, a PE ratio of 16.30 and a beta of 0.92. United Community Banks, Inc. has a 52-week low of $24.04 and a 52-week high of $35.38. The business’s 50-day moving average price is $32.63.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On United Community Banks

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. purchased a new stake in shares of United Community Banks in the fourth quarter valued at approximately $450,141,000. Geode Capital Management LLC purchased a new position in United Community Banks in the fourth quarter worth $88,397,000. Massachusetts Financial Services Co. MA acquired a new stake in United Community Banks in the fourth quarter valued at $60,495,000. Norges Bank purchased a new stake in shares of United Community Banks during the 4th quarter worth $42,837,000. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of United Community Banks during the 4th quarter worth $27,535,000. Institutional investors and hedge funds own 82.29% of the company’s stock.

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.