United Community Banks, Inc. (NASDAQ:UCBI) announced a quarterly dividend on Monday, November 6th, Wall Street Journal reports. Shareholders of record on Friday, December 15th will be given a dividend of 0.10 per share by the financial services provider on Friday, January 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, December 14th.

United Community Banks (NASDAQ:UCBI) traded down $0.11 during trading on Monday, hitting $27.18. The company’s stock had a trading volume of 156,835 shares, compared to its average volume of 302,144. United Community Banks has a 1-year low of $21.01 and a 1-year high of $30.47. The company has a market cap of $2,003.11, a P/E ratio of 16.95 and a beta of 0.88. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.52.

United Community Banks (NASDAQ:UCBI) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.41. The business had revenue of $109.35 million for the quarter, compared to analyst estimates of $114.65 million. United Community Banks had a return on equity of 10.31% and a net margin of 23.09%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 earnings per share. equities research analysts forecast that United Community Banks will post 1.63 EPS for the current fiscal year.

A number of equities analysts recently commented on UCBI shares. Zacks Investment Research downgraded United Community Banks from a “buy” rating to a “hold” rating in a research note on Saturday, October 28th. FIG Partners upgraded United Community Banks from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research note on Wednesday, August 16th. Stephens reiterated a “hold” rating and issued a $29.00 price target on shares of United Community Banks in a research note on Wednesday, July 26th. BidaskClub downgraded United Community Banks from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $33.00 price target on shares of United Community Banks in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. United Community Banks presently has an average rating of “Buy” and an average price target of $31.25.

In other United Community Banks news, EVP Robert A. Edwards sold 11,550 shares of United Community Banks stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $26.06, for a total value of $300,993.00. Following the completion of the transaction, the executive vice president now directly owns 16,858 shares in the company, valued at $439,319.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.18% of the company’s stock.

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About United Community Banks

United Community Banks, Inc (United) is a bank holding company. United conducts its operations through a community-focused operating model of separate community banks, which, as of December 31, 2016, operated at 139 locations throughout the Atlanta-Sandy Springs-Roswell, Georgia, and Gainesville, Georgia metropolitan statistical areas, upstate and coastal South Carolina, north and coastal Georgia, western North Carolina, and east Tennessee.

Dividend History for United Community Banks (NASDAQ:UCBI)

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