United Community Banks (NYSE:UCB) Stock: Insider Richard Bradshaw Sells 1,345 Shares

United Community Banks, Inc. (NYSE:UCB) EVP Richard Bradshaw sold 1,345 shares of the firm’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $37.17, for a total transaction of $49,993.65. Following the sale, the executive vice president directly owned 82,054 shares of the company’s stock, valued at approximately $3,049,947.18. The trade was a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

United Community Banks Stock Down 0.9%

United Community Banks stock opened at $36.77 on Wednesday. United Community Banks, Inc. has a 12-month low of $28.65 and a 12-month high of $37.45. The firm’s fifty day moving average price is $34.77 and its 200 day moving average price is $34.01.

United Community Banks (NYSE:UCB) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. The firm had revenue of $291.90 million during the quarter. Equities analysts anticipate that United Community Banks, Inc. will post 3.01 EPS for the current year.

United Community Banks Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.26 per share. This is a boost from United Community Banks’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, September 15th.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Zacks Research upgraded United Community Banks from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 21st. TD Cowen raised United Community Banks to a “strong-buy” rating in a report on Thursday, July 16th. Keefe, Bruyette & Woods raised their price objective on United Community Banks from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Wall Street Zen upgraded United Community Banks from a “sell” rating to a “hold” rating in a report on Saturday, September 12th. Finally, Stephens lifted their price objective on United Community Banks from $41.00 to $42.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $40.00.

Institutional Trading of United Community Banks

Several institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd acquired a new position in United Community Banks during the 4th quarter worth $29,000. Root Financial Partners LLC bought a new stake in shares of United Community Banks in the 3rd quarter worth about $31,000. Integrated Wealth Concepts LLC bought a new stake in shares of United Community Banks in the 2nd quarter worth about $37,000. Public Employees Retirement System of Ohio bought a new stake in shares of United Community Banks in the 2nd quarter worth about $54,000. Finally, Evergreen Advisors LLC acquired a new stake in shares of United Community Banks in the 1st quarter valued at about $93,000. 82.29% of the stock is owned by institutional investors and hedge funds.

About United Community Banks

United Community Banks, Inc is a bank holding company headquartered in Blairsville, Georgia. Through its principal subsidiary, United Community Bank, the company provides banking and financial services to consumers, businesses and communities primarily across the Southeastern United States.

United Community Bank offers deposit accounts, consumer and commercial lending, residential mortgages, credit cards, online and mobile banking, treasury management and other financial services. Its lending activities include commercial real estate, business, construction, residential and consumer loans.