United Community Banks Inc (UCBI) Files Form 4 Insider Selling : Nicholas B Paumgarten Sells 7,300,047 Shares

United Community Banks Inc (UCBI): Nicholas B Paumgarten , director of United Community Banks Inc sold 7,300,047 shares on May 6, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $19.66 per share for a total value of $143518928 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 25, 2015, Nicholas B Paumgarten (director) sold 3,000,000 shares at $20.15 per share price.On Jun 12, 2015, Bradley J Miller (EVP, CRO & GENERAL COUNSEL) sold 1,500 shares at $19.55 per share price.Also, On May 27, 2015, W C Jr Nelson (director) purchased 5,000 shares at $18.80 per share price.On May 19, 2015, Tim Wallis (director) purchased 10,000 shares at $18.75 per share price.

United Community Banks: On Friday, May 6, 2016 heightened volatility was witnessed in United Community Banks which led to swings in the share price. The shares opened for trading at $19.42 and hit $19.65 on the upside , eventually ending the session at $19.59, with a gain of 0.15% or 0.03 points. The heightened volatility saw the trading volume jump to 3,55,235 shares. The 52-week high of the share price is $22.23 and the company has a market cap of $1,401 M . The 52-week low of the share price is at $15.74.

United Community Banks Money Flow Index Chart

United Community Banks Inc. is a bank holding company. The Company’s principal business is conducted by its wholly owned subsidiary United Community Bank (the Bank). The Bank is a chartered commercial bank that serves markets throughout north Georgia coastal Georgia the Atlanta Georgia MSA the Gainesville Georgia MSA western North Carolina the Greenville South Carolina MSA and east and central Tennessee and provides a full range of banking services. The Company conducts substantially all of its operations through a community focused operating model of separate community banks. The community banks offer a full range of retail and corporate banking services including checking savings and time deposit accounts secured and unsecured loans wire transfers brokerage services and other financial services.

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