United Community Banks, Inc. (NASDAQ:UCB) to Issue Quarterly Dividend of $0.24

United Community Banks, Inc. (NASDAQ:UCB) declared a quarterly dividend on Thursday, November 14th,NASDAQ Dividends reports. Stockholders 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 dividend yield of 2.93%. The ex-dividend date is Monday, December 16th.

United Community Banks Stock Up 1.2 %

UCB traded up $0.39 on Friday, reaching $32.79. The company’s stock had a trading volume of 623,850 shares, compared to its average volume of 575,097. The business has a 50 day simple moving average of $29.22. United Community Banks has a fifty-two week low of $24.02 and a fifty-two week high of $33.42. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $3.91 billion, a P/E ratio of 21.29 and a beta of 0.88.

United Community Banks (NASDAQ:UCB) last announced its earnings results on Wednesday, October 23rd. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The firm had revenue of $384.39 million during the quarter, compared to analyst estimates 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 last year, the company earned $0.45 earnings per share. As a group, analysts anticipate that United Community Banks will post 2.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Transactions at United Community Banks

In other United Community Banks news, CFO Jefferson L. Harralson sold 10,275 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 43,991 shares of the company’s stock, valued at $1,221,190.16. This trade represents a 18.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

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.