Dimensional Fund Advisors LP Purchases Shares of 6,058,962 United Community Banks, Inc. (NASDAQ:UCB)

Dimensional Fund Advisors LP acquired a new position in United Community Banks, Inc. (NASDAQ:UCB) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 6,058,962 shares of the company’s stock, valued at approximately $195,766,000. Dimensional Fund Advisors LP owned approximately 0.05% of United Community Banks at the end of the most recent reporting period.

Several other large investors have also modified their holdings of UCB. Vanguard Group Inc. acquired a new position in United Community Banks during the 4th quarter worth $450,141,000. FMR LLC acquired a new position in shares of United Community Banks during the 4th quarter worth about $310,166,000. Geode Capital Management LLC bought a new stake in United Community Banks during the 4th quarter valued at approximately $88,397,000. Massachusetts Financial Services Co. MA acquired a new stake in United Community Banks in the 4th quarter valued at approximately $60,495,000. Finally, Invesco Ltd. bought a new position in United Community Banks in the 4th quarter worth approximately $46,960,000. 82.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UCB has been the topic of several research analyst reports. Hovde Group upgraded shares of United Community Banks from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $32.00 to $31.00 in a research note on Monday, April 7th. Piper Sandler boosted their price objective 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.

Insider Activity

In related news, Director Sally Pope Davis acquired 1,800 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $28.19 per share, with a total value of $50,742.00. Following the completion of the acquisition, the director now owns 3,264 shares in the company, valued at $92,012.16. The trade was a 122.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Richard Bradshaw sold 1,527 shares of the company’s stock in a transaction dated 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 directly 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. 0.54% of the stock is owned by company insiders.

United Community Banks Stock Performance

Shares of NASDAQ UCB opened at $26.10 on Wednesday. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 12.79 and a beta of 0.80. United Community Banks, Inc. has a one year low of $22.93 and a one year high of $35.38. The business has a fifty day simple moving average of $28.22 and a 200 day simple moving average of $30.55. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08.

United Community Banks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend was Friday, March 14th. United Community Banks’s payout ratio is 47.06%.

United Community Banks Company Profile

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.