United Community Banks, Inc. (NASDAQ:UCBI) declared a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Stockholders of record on Friday, September 15th will be given a dividend of 0.10 per share by the financial services provider on Thursday, October 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Thursday, September 14th. This is a positive change from United Community Banks’s previous quarterly dividend of $0.09.
Shares of United Community Banks (UCBI) opened at 26.20 on Wednesday. The firm has a market capitalization of $1.86 billion, a PE ratio of 17.95 and a beta of 0.87. United Community Banks has a 52 week low of $20.12 and a 52 week high of $30.47. The company has a 50-day moving average of $26.62 and a 200-day moving average of $27.27.
United Community Banks (NASDAQ:UCBI) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. United Community Banks had a net margin of 23.07% and a return on equity of 10.42%. The firm had revenue of $108.00 million for the quarter, compared to analysts’ expectations of $110.49 million. During the same period in the previous year, the business earned $0.36 earnings per share. United Community Banks’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities analysts forecast that United Community Banks will post $1.64 earnings per share for the current fiscal year.
In other news, EVP Robert A. Edwards sold 11,550 shares of United Community Banks stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $26.06, for a total transaction of $300,993.00. Following the completion of the sale, the executive vice president now directly owns 16,858 shares in the company, valued at approximately $439,319.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.18% of the stock is owned by insiders.
UCBI has been the topic of a number of analyst reports. Zacks Investment Research raised United Community Banks from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Friday, June 30th. Stephens reissued a “hold” rating and issued a $30.00 price target on shares of United Community Banks in a research note on Tuesday, June 27th. ValuEngine raised United Community Banks from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Raymond James Financial, Inc. lowered their target price on United Community Banks from $32.00 to $31.00 and set a “strong-buy” rating on the stock in a research note on Thursday, July 27th. Finally, BidaskClub cut United Community Banks from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $30.86.
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United Community Banks Company Profile
United Community Banks, Inc (United) is a bank holding company. United conducts its operations through a community-focused operating model of separate community banks, which, as of December 31, 2016, operated at 139 locations throughout the Atlanta-Sandy Springs-Roswell, Georgia, and Gainesville, Georgia metropolitan statistical areas, upstate and coastal South Carolina, north and coastal Georgia, western North Carolina, and east Tennessee.
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