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

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 paid a dividend of 0.24 per share on Monday, January 6th. This represents a $0.96 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Monday, December 16th.

United Community Banks Price Performance

NASDAQ:UCB traded up $0.39 on Friday, reaching $32.79. 623,850 shares of the company’s stock were exchanged, 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 firm 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. The company has a fifty day moving average of $29.22.

United Community Banks (NASDAQ:UCB) last announced its quarterly 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). United Community Banks had a return on equity of 8.36% and a net margin of 13.04%. The firm had revenue of $384.39 million during the quarter, compared to analysts’ expectations of $237.90 million. During the same period in the previous year, the company posted $0.45 earnings per share. As a group, sell-side analysts predict that United Community Banks will post 2.23 EPS for the current year.

Insider Activity at United Community Banks

In related news, CFO Jefferson L. Harralson sold 10,275 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $27.76, for a total value of $285,234.00. Following the sale, the chief financial officer now directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

UCB has been the topic of a number of recent analyst reports. Truist Financial lowered their price target on shares of 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.

About United Community Banks

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.