United Community Banks, Inc. (UCB) To Go Ex-Dividend on December 15th

United Community Banks, Inc. (NYSE:UCB) announced a quarterly dividend on Thursday, November 13th. Stockholders of record on Monday, December 15th will be given a dividend of 0.25 per share on Monday, January 5th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, December 15th.

United Community Banks has raised its dividend payment by an average of 0.1%per year over the last three years.

United Community Banks Stock Up 1.0%

Shares of NYSE:UCB opened at $30.27 on Friday. United Community Banks has a twelve month low of $22.93 and a twelve month high of $35.38. The stock’s 50 day moving average price is $30.92. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 12.01 and a beta of 0.91.

United Community Banks (NYSE:UCB) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.05. United Community Banks had a net margin of 20.67% and a return on equity of 9.42%. The business had revenue of $276.85 million during the quarter, compared to the consensus estimate of $270.85 million. During the same quarter last year, the firm posted $0.57 EPS. United Community Banks’s revenue was up 27.4% compared to the same quarter last year.

Insider Buying and Selling

In other United Community Banks news, EVP Richard Bradshaw sold 1,654 shares of the business’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $30.23, for a total value of $50,000.42. Following the transaction, the executive vice president owned 75,226 shares of the company’s stock, valued at approximately $2,274,081.98. The trade was a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On United Community Banks

A number of hedge funds have recently made changes to their positions in UCB. State of Wyoming grew its stake in United Community Banks by 9.4% in the 1st quarter. State of Wyoming now owns 4,010 shares of the company’s stock valued at $113,000 after buying an additional 344 shares in the last quarter. Savant Capital LLC lifted its position in shares of United Community Banks by 1.6% during the third quarter. Savant Capital LLC now owns 28,317 shares of the company’s stock worth $888,000 after acquiring an additional 453 shares in the last quarter. Xponance Inc. boosted its holdings in shares of United Community Banks by 5.8% in the first quarter. Xponance Inc. now owns 9,094 shares of the company’s stock worth $256,000 after acquiring an additional 500 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of United Community Banks by 2.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 26,189 shares of the company’s stock valued at $840,000 after purchasing an additional 507 shares in the last quarter. Finally, Amalgamated Bank grew its position in shares of United Community Banks by 1.6% in the second quarter. Amalgamated Bank now owns 34,550 shares of the company’s stock valued at $1,029,000 after purchasing an additional 534 shares in the last quarter. 82.29% of the stock is currently owned by institutional investors.

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. The company accepts various deposit products, including checking, savings, money market, and other deposit accounts.