United Community Banks, Inc. (NASDAQ:UCB) Announces $0.24 Quarterly Dividend

United Community Banks, Inc. (NASDAQ:UCB) declared a quarterly dividend on Thursday, November 14th,NASDAQ Dividends reports. Investors of record on Monday, December 16th will be given a dividend of 0.24 per share on Monday, January 6th. This represents a $0.96 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Monday, December 16th.

United Community Banks Stock Up 1.2 %

Shares of United Community Banks stock traded up $0.39 during trading on Friday, hitting $32.79. 623,850 shares of the stock traded hands, compared to its average volume of 575,097. The company has a market capitalization of $3.91 billion, a PE ratio of 21.29 and a beta of 0.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.78 and a current ratio of 0.78. United Community Banks has a 52 week low of $24.02 and a 52 week high of $33.42. The business has a fifty day simple moving average of $29.22.

United Community Banks (NASDAQ:UCB) last released its earnings results on Wednesday, October 23rd. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). The business had revenue of $384.39 million for the quarter, compared to the consensus estimate of $237.90 million. United Community Banks had a net margin of 13.04% and a return on equity of 8.36%. During the same period in the prior year, the business posted $0.45 EPS. On average, analysts forecast that United Community Banks will post 2.23 earnings per share for the current fiscal year.

Insider Transactions at United Community Banks

In other news, CFO Jefferson L. Harralson sold 10,275 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $27.76, for a total transaction of $285,234.00. Following the sale, the chief financial officer now directly owns 43,991 shares in the company, valued at $1,221,190.16. This trade represents a 18.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on UCB shares. Piper Sandler dropped their price target on United Community Banks from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Truist Financial lowered their target price on United Community Banks from $32.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, October 25th.

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.