Key Points
- EVP Richard Bradshaw sold 1,510 shares on April 27 at an average price of $33.09 for $49,965.90, cutting his stake by 1.76% and leaving him with 84,497 shares (≈$2.80M); the sale was disclosed in an SEC filing.
- Q1 results matched expectations with $0.70 EPS and revenue of $277.3M (up 11.6% YoY), and the company pays a quarterly dividend of $0.25 (annualized $1.00, a 3.0% yield).
- Market view: UCB has a market cap of $4.02B and a P/E of 12.37, a 1-year trading range of $26.88–$36.77, and a consensus analyst rating of “Moderate Buy” with a $38.40 price target.
United Community Banks, Inc. (NYSE:UCB - Get Free Report) EVP Richard Bradshaw sold 1,510 shares of the business's stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $33.09, for a total value of $49,965.90. Following the sale, the executive vice president owned 84,497 shares in the company, valued at approximately $2,796,005.73. This trade represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
United Community Banks Stock Performance
NYSE:UCB opened at $33.65 on Wednesday. The stock has a market cap of $4.02 billion, a P/E ratio of 12.37 and a beta of 0.82. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.03. The stock's 50-day moving average is $32.33 and its 200-day moving average is $32.13. United Community Banks, Inc. has a 1-year low of $26.88 and a 1-year high of $36.77.
United Community Banks (NYSE:UCB - Get Free Report) last released its quarterly earnings results on Tuesday, April 21st. The company reported $0.70 earnings per share for the quarter, hitting the consensus estimate of $0.70. The company had revenue of $277.30 million for the quarter. United Community Banks had a return on equity of 9.65% and a net margin of 22.05%.The business's revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.58 earnings per share. Equities research analysts anticipate that United Community Banks, Inc. will post 2.99 earnings per share for the current year.
United Community Banks Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Stockholders of record on Friday, March 13th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, March 13th. United Community Banks's payout ratio is 36.76%.
Hedge Funds Weigh In On United Community Banks
Hedge funds and other institutional investors have recently made changes to their positions in the stock. AlphaQuest LLC lifted its stake in shares of United Community Banks by 82.4% in the third quarter. AlphaQuest LLC now owns 122,631 shares of the company's stock worth $3,844,000 after acquiring an additional 55,402 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of United Community Banks by 14.4% in the third quarter. Public Sector Pension Investment Board now owns 473,855 shares of the company's stock worth $14,855,000 after acquiring an additional 59,650 shares during the period. Wesbanco Bank Inc. acquired a new position in shares of United Community Banks in the third quarter worth approximately $1,831,000. Azora Capital LP acquired a new position in United Community Banks in the third quarter valued at approximately $13,423,000. Finally, Capitolis Liquid Global Markets LLC acquired a new position in United Community Banks in the third quarter valued at approximately $5,627,000. 82.29% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on UCB shares. DA Davidson restated a "buy" rating and set a $39.00 price target on shares of United Community Banks in a report on Wednesday, April 22nd. Piper Sandler boosted their price target on United Community Banks from $35.00 to $36.00 and gave the stock a "neutral" rating in a report on Wednesday, April 22nd. Weiss Ratings upgraded United Community Banks from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, March 3rd. Hovde Group reduced their price target on United Community Banks from $38.00 to $37.00 and set a "market perform" rating on the stock in a report on Monday. Finally, Zacks Research lowered United Community Banks from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 16th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, United Community Banks has a consensus rating of "Moderate Buy" and a consensus price target of $38.40.
Check Out Our Latest Research Report on UCB
United Community Banks Company Profile
(
Get Free Report)
United Community Banks, Inc (NYSE: UCB) is a bank holding company headquartered in Blairsville, Georgia. It operates primarily through its subsidiary, United Community Bank, providing a broad range of banking and financial services to individual, business and governmental customers. The company's core offerings include deposit accounts, commercial and consumer lending, mortgage origination, treasury and cash management services, and wealth management.
In addition to traditional banking products such as checking, savings and money market accounts, United Community Bank specializes in commercial real estate financing, small business administration (SBA) loans, equipment financing and agricultural lending.
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