American Century Companies Inc. Purchases New Holdings in United Community Banks, Inc. (NASDAQ:UCB)

American Century Companies Inc. acquired a new position in shares of United Community Banks, Inc. (NASDAQ:UCB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 184,196 shares of the company’s stock, valued at approximately $5,951,000. American Century Companies Inc. owned approximately 0.15% of United Community Banks as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of UCB. Farther Finance Advisors LLC acquired a new position in shares of United Community Banks during the fourth quarter valued at $80,000. Lee Danner & Bass Inc. bought a new stake in United Community Banks during the 4th quarter worth about $174,000. Patten & Patten Inc. TN bought a new stake in United Community Banks during the 4th quarter worth about $255,000. Commonwealth Equity Services LLC acquired a new position in United Community Banks during the 4th quarter valued at about $273,000. Finally, Xponance Inc. bought a new position in shares of United Community Banks in the 4th quarter valued at about $278,000. 82.29% of the stock is currently owned by institutional investors.

United Community Banks Stock Down 5.0 %

United Community Banks stock opened at $24.18 on Friday. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 11.85 and a beta of 0.80. The company’s 50 day simple moving average is $30.75 and its 200 day simple moving average is $30.97. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.78 and a quick ratio of 0.78. United Community Banks, Inc. has a fifty-two week low of $23.41 and a fifty-two week high of $35.38.

United Community Banks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.97%. United Community Banks’s dividend payout ratio is 47.06%.

Wall Street Analyst Weigh In

UCB has been the topic of several analyst reports. Raymond James upgraded shares of United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a report on Thursday, December 19th. Hovde Group reduced their price target on United Community Banks from $36.00 to $32.00 and set a “market perform” rating on the stock in a research report on Thursday, March 20th. Finally, Piper Sandler lifted their price objective on United Community Banks from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd.

Insider Activity

In other news, EVP Richard Bradshaw sold 1,527 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $32.72, for a total value of $49,963.44. Following the completion of the transaction, the executive vice president now owns 67,876 shares in the company, valued at $2,220,902.72. This represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO H Lynn Harton sold 31,679 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $33.84, for a total transaction of $1,072,017.36. Following the sale, the chief executive officer now directly owns 112,444 shares of the company’s stock, valued at $3,805,104.96. This represents a 21.98 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

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.