On October 28, 2024, Jefferson Harralson, the Executive Vice President and Chief Financial Officer of United Community Banks Inc (UCB, Financial), sold 10,275 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 43,991 shares of United Community Banks Inc.
United Community Banks Inc operates as the bank holding company for United Community Bank, a provider of various banking products and services. The bank offers a range of services such as checking, savings accounts, commercial and consumer loans, and other banking services, catering to individuals and small to medium-sized businesses.
The shares were sold at a price of $27.76, valuing the transaction at approximately $284,802. This sale has adjusted the insider's stake in the company significantly. Over the past year, Jefferson Harralson has sold a total of 10,275 shares and has not purchased any shares.
The insider transaction history for United Community Banks Inc shows minimal activity, with this being the only insider sell in the past year. There have been no insider buys during the same period.
As of the latest sale, United Community Banks Inc has a market cap of approximately $3.41 billion. The stock's price-earnings ratio stands at 18.54, which is above both the industry median of 10.53 and the company’s historical median.
According to the GF Value, the intrinsic value estimate for United Community Banks Inc is $30.20 per share, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 0.92.
This sale by Jefferson Harralson might be of interest to investors tracking insider activities as an indicator of confidence levels in the company's future prospects, especially considering the stock's valuation and market performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
