United Community Banks, Inc. (NASDAQ:UCB) EVP Richard Bradshaw Sells 1,527 Shares of Stock

United Community Banks, Inc. (NASDAQ:UCB) EVP Richard Bradshaw sold 1,527 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $32.72, for a total transaction of $49,963.44. Following the transaction, the executive vice president now directly owns 67,876 shares of the company’s stock, valued at approximately $2,220,902.72. This trade represents a 2.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

United Community Banks Trading Up 1.6 %

UCB stock opened at $33.50 on Tuesday. The stock’s 50-day moving average is $32.67. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market cap of $4.00 billion, a P/E ratio of 16.42 and a beta of 0.93. United Community Banks, Inc. has a 52 week low of $24.04 and a 52 week high of $35.38.

United Community Banks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 16th were issued a dividend of $0.24 per share. The ex-dividend date was Monday, December 16th. This represents a $0.96 annualized dividend and a yield of 2.87%. United Community Banks’s payout ratio is 47.06%.

Analyst Ratings Changes

A number of research analysts have issued reports on UCB shares. Truist Financial reduced their target price on shares of United Community Banks from $32.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Piper Sandler raised their target price 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. Finally, 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 research note on Thursday, December 19th.

About United Community Banks

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.