2 weeks Ago By ABMN Staff
Sei Investments Co. acquired a new position in United Community Banks, Inc. ( NASDAQ:UCB – Free Report ) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC).
The institutional investor acquired 367,739 shares of the company’s stock, valued at approximately $11,881,000. A number of other institutional investors and hedge funds have also recently bought and sold shares of UCB. Thrivent Financial for Lutherans acquired a new stake in shares of United Community Banks in the 4th quarter worth approximately $3,243,000.
Great Lakes Advisors LLC acquired a new stake in United Community Banks in the fourth quarter worth approximately $3,050,000. Swiss National Bank bought a new position in United Community Banks during the 4th quarter valued at $7,573,000. Maryland State Retirement & Pension System acquired a new position in shares of United Community Banks during the 4th quarter valued at $1,301,000.
Finally, Cibc World Markets Corp bought a new stake in shares of United Community Banks in the 4th quarter worth $362,000. Institutional investors own 82.29% of the company’s stock.
United Community Banks Trading Down 2.6 % Shares of UCB stock opened at $27.81 on Friday.
United Community Banks, Inc. has a 12 month low of $26.00 and a 12 month high of $35.
38. The company has a market cap of $3.32 billion, a PE ratio of 13.
63 and a beta of 0.90. 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 business’s 50 day moving average is $31.38 and its two-hundred day moving average is $31.06.
United Community Banks Announces Dividend Insider Buying and Selling In other United Community Banks news, Director Sally Pope Davis purchased 1,800 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $28.19 per share, for a total transaction of $50,742.
00. Following the completion of the acquisition, the director now directly owns 3,264 shares in the company, valued at $92,012.16.
This represents a 122.95 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website .
Also, EVP Richard Bradshaw sold 1,527 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $32.72, for a total transaction of $49,963.
44. Following the completion of the sale, the executive vice president now owns 67,876 shares in the company, valued at approximately $2,220,902.72.
The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here .
Insiders own 0.54% of the company’s stock. Wall Street Analysts Forecast Growth A number of research firms recently issued reports on UCB.
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. Piper Sandler boosted their target price on shares of United Community Banks from $32.
00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Finally, Hovde Group reduced 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 report on Thursday, March 20th. Check Out Our Latest Research Report on United Community Banks United Community Banks Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding UCB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Community Banks, Inc.
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