United Community Banks, Inc. Declares Quarterly Dividend of $0.10 (UCBI)
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.
ILLEGAL ACTIVITY NOTICE: “United Community Banks, Inc. Declares Quarterly Dividend of $0.10 (UCBI)” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright laws. The original version of this piece of content can be viewed at https://www.watchlistnews.com/united-community-banks-inc-declares-quarterly-dividend-of-0-10-ucbi/1683742.html.
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.
Receive News & Ratings for United Community Banks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Community Banks Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.