Director Carl Steven Carande Acquires Shares in United Community Banks
Carl Steven Carande, a director at United Community Banks (NYSE:UCB), purchased 2,101 shares of the company for $74,270. The transaction increased his direct stake from 1,588 to 3,689 shares and was executed at an average price per share of $35.35 according to a recent SEC Form 4 filing. United Community Banks operates as the parent company for United Community Bank, offering financial services across multiple sectors including commercial lending, consumer banking, and treasury management. The firm reported trailing twelve-month revenue of $1.1 billion and net income of $370.6 million in its latest disclosures. The stock has performed well this year with a 16% increase compared to the S&P 500's rise of 12.8%. Recently, United Community Banks completed a merger with Peach State Bancshares on August 1, enhancing its operational footprint and market presence.
Tickers: $UCB