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

United Community Banks, Inc. (NASDAQ:UCB) announced a quarterly dividend on Thursday, November 14th,NASDAQ Dividends reports. Shareholders 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 annualized dividend and a yield of 2.89%. The ex-dividend date is Monday, December 16th.

United Community Banks Price Performance

Shares of UCB opened at $33.21 on Friday. The company has a market cap of $3.96 billion, a P/E ratio of 21.56 and a beta of 0.92. The company has a 50-day moving average price of $31.08. United Community Banks has a one year low of $24.04 and a one year high of $35.38. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.10.

United Community Banks (NASDAQ:UCB) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 8.36% and a net margin of 13.04%. During the same quarter in the previous year, the business posted $0.45 EPS. Analysts expect that United Community Banks will post 2.23 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on UCB. Truist Financial decreased their target price on United Community Banks from $32.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Piper Sandler lowered 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 report on Friday, October 25th.

Insiders Place Their Bets

In other United Community Banks news, CFO Jefferson L. Harralson sold 10,275 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was 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 in the company, valued at $1,221,190.16. This trade represents a 18.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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.