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

United Community Banks, Inc. (NASDAQ:UCB) announced a quarterly dividend on Friday, February 21st, RTT News reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.24 per share on Friday, April 4th. This represents a $0.96 annualized dividend and a dividend yield of 3.01%.

United Community Banks Price Performance

Shares of NASDAQ:UCB traded down $0.71 during trading on Friday, hitting $31.87. 500,167 shares of the stock were exchanged, compared to its average volume of 527,458. The company has a fifty day moving average price of $32.54 and a two-hundred day moving average price of $31.02. The company has a market cap of $3.80 billion, a PE ratio of 15.62 and a beta of 0.92. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08. United Community Banks has a 12-month low of $24.04 and a 12-month high of $35.38.

Insider Transactions at United Community Banks

In other United Community Banks news, EVP Richard Bradshaw sold 1,527 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $32.72, for a total value of $49,963.44. Following the completion of the transaction, the executive vice president now directly owns 67,876 shares of the company’s stock, valued at $2,220,902.72. This represents a 2.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO H Lynn Harton sold 31,679 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $33.84, for a total transaction of $1,072,017.36. Following the completion of the transaction, the chief executive officer now directly owns 112,444 shares of the company’s stock, valued at approximately $3,805,104.96. The trade was a 21.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on UCB shares. Raymond James raised United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a research note on Thursday, December 19th. Piper Sandler upped their target price on United Community Banks from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Finally, Truist Financial cut their price target 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.

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.