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

United Community Banks, Inc. (NASDAQ:UCB) declared 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 2.93%. The ex-dividend date is Monday, December 16th.

United Community Banks Stock Up 1.2 %

United Community Banks stock traded up $0.39 during midday trading on Friday, reaching $32.79. The stock had a trading volume of 623,850 shares, compared to its average volume of 575,097. United Community Banks has a 52-week low of $24.02 and a 52-week high of $33.42. The stock has a fifty day simple moving average of $29.22. The company has a market capitalization of $3.91 billion, a price-to-earnings 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 (NASDAQ:UCB) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). The firm had revenue of $384.39 million during 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 period last year, the company earned $0.45 EPS. Equities research analysts predict that United Community Banks will post 2.23 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, CFO Jefferson L. Harralson sold 10,275 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $27.76, for a total value of $285,234.00. Following the completion of the sale, the chief financial officer now directly owns 43,991 shares in the company, valued at $1,221,190.16. This represents a 18.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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.