Segall Bryant & Hamill LLC Invests $27.54 Million in United Community Banks, Inc. (NASDAQ:UCB)

Segall Bryant & Hamill LLC bought a new stake in United Community Banks, Inc. (NASDAQ:UCB) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 852,207 shares of the company’s stock, valued at approximately $27,535,000. Segall Bryant & Hamill LLC owned approximately 0.71% of United Community Banks at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UCB. Farther Finance Advisors LLC bought a new position in shares of United Community Banks in the fourth quarter valued at $80,000. Lee Danner & Bass Inc. bought a new stake in United Community Banks during the fourth quarter worth $174,000. Patten & Patten Inc. TN acquired a new stake in United Community Banks in the fourth quarter valued at $255,000. Commonwealth Equity Services LLC bought a new position in shares of United Community Banks in the 4th quarter valued at about $273,000. Finally, Xponance Inc. acquired a new position in shares of United Community Banks during the 4th quarter worth about $278,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Hovde Group cut their target price 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 raised United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 price objective for the company in a research report on Thursday, December 19th. Finally, Piper Sandler boosted their target price on United Community Banks from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd.

United Community Banks Stock Up 3.3 %

United Community Banks stock opened at $28.92 on Tuesday. The company’s 50-day moving average price is $31.66 and its two-hundred day moving average price is $31.08. 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 cap of $3.45 billion, a P/E ratio of 14.17 and a beta of 0.90. United Community Banks, Inc. has a twelve month low of $26.00 and a twelve month high of $35.38.

United Community Banks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.32%. United Community Banks’s dividend payout ratio (DPR) is currently 47.06%.

Insider Buying and Selling

In other United Community Banks news, Director Sally Pope Davis acquired 1,800 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $28.19 per share, for a total transaction of $50,742.00. Following the purchase, the director now directly owns 3,264 shares of the company’s stock, valued at $92,012.16. This trade represents a 122.95 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO H Lynn Harton sold 31,679 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 112,444 shares in the company, valued at approximately $3,805,104.96. The trade was a 21.98 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by insiders.

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.