United Community Banks, Inc. (NASDAQ:UCBI) SVP Alan H. Kumler sold 842 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $29.08, for a total transaction of $24,485.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Alan H. Kumler also recently made the following trade(s):

  • On Friday, July 26th, Alan H. Kumler sold 135 shares of United Community Banks stock. The stock was sold at an average price of $28.97, for a total transaction of $3,910.95.

NASDAQ UCBI traded down $0.20 on Tuesday, reaching $28.25. The company’s stock had a trading volume of 3,268 shares, compared to its average volume of 327,205. United Community Banks, Inc. has a twelve month low of $20.23 and a twelve month high of $31.71. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $2.31 billion, a PE ratio of 13.21 and a beta of 1.24. The business has a 50 day moving average price of $28.05.

United Community Banks (NASDAQ:UCBI) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.01. United Community Banks had a net margin of 27.88% and a return on equity of 12.24%. The company had revenue of $142.32 million during the quarter, compared to the consensus estimate of $142.30 million. During the same period in the prior year, the company earned $0.53 EPS. As a group, sell-side analysts anticipate that United Community Banks, Inc. will post 2.32 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Saturday, June 15th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.41%. This is an increase from United Community Banks’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, June 13th. United Community Banks’s dividend payout ratio is presently 31.78%.

UCBI has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. ValuEngine raised shares of USINAS SIDERURG/S from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Finally, BidaskClub downgraded shares of Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $30.17.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio lifted its holdings in United Community Banks by 60.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,218 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 458 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in United Community Banks by 1.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 31,176 shares of the financial services provider’s stock valued at $890,000 after acquiring an additional 500 shares during the last quarter. Amalgamated Bank lifted its holdings in United Community Banks by 4.8% in the 4th quarter. Amalgamated Bank now owns 11,262 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 517 shares during the last quarter. Boston Advisors LLC raised its holdings in United Community Banks by 1.5% during the 1st quarter. Boston Advisors LLC now owns 39,051 shares of the financial services provider’s stock worth $974,000 after buying an additional 580 shares during the period. Finally, New York State Teachers Retirement System raised its holdings in United Community Banks by 0.8% during the 1st quarter. New York State Teachers Retirement System now owns 109,907 shares of the financial services provider’s stock worth $2,740,000 after buying an additional 842 shares during the period. 89.74% of the stock is owned by institutional investors.

About United Community Banks

United Community Banks, Inc operates as the bank holding company for United Community Bank that provides retail and corporate banking services to individuals and businesses. It offers various deposit accounts, such as checking accounts, savings and time deposits accounts, NOW accounts, money market deposits, and certificates of deposit.

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Insider Buying and Selling by Quarter for United Community Banks (NASDAQ:UCBI)

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