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

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

United Community Banks Trading Up 1.2 %

NASDAQ:UCB traded up $0.39 during trading hours on Friday, hitting $32.79. The stock had a trading volume of 623,850 shares, compared to its average volume of 575,097. The company has a market capitalization of $3.91 billion, a P/E ratio of 21.29 and a beta of 0.88. The firm has a 50 day simple moving average of $29.22. United Community Banks has a 1-year low of $24.02 and a 1-year high of $33.42. 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 released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). United Community Banks had a net margin of 13.04% and a return on equity of 8.36%. The firm had revenue of $384.39 million for the quarter, compared to analyst estimates of $237.90 million. During the same period in the previous year, the business posted $0.45 earnings per share. Research analysts expect that United Community Banks will post 2.23 EPS for the current fiscal year.

Insider Transactions at United Community Banks

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

Wall Street Analysts Forecast Growth

UCB has been the subject of a number of analyst reports. Piper Sandler reduced their price target on United Community Banks from $29.00 to $28.00 and set a “neutral” rating for the company in a report 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 research note 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.