United Community Banks, Inc. (NYSE:UCB) Announces $0.25 Quarterly Dividend

United Community Banks, Inc. (NYSE:UCB) declared a quarterly dividend on Thursday, November 13th. Investors of record on Monday, December 15th will be given a dividend of 0.25 per share on Monday, January 5th. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, December 15th.

United Community Banks has increased its dividend by an average of 0.1%per year over the last three years.

United Community Banks Stock Down 0.7%

UCB stock traded down $0.22 during midday trading on Friday, reaching $29.76. The stock had a trading volume of 81,591 shares, compared to its average volume of 686,992. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.04. United Community Banks has a twelve month low of $22.93 and a twelve month high of $35.38. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 11.81 and a beta of 0.91. The business’s fifty day moving average price is $30.98.

United Community Banks (NYSE:UCB) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.70 by $0.05. United Community Banks had a net margin of 20.67% and a return on equity of 9.42%. The company had revenue of $276.85 million during the quarter, compared to analysts’ expectations of $270.85 million. During the same quarter in the previous year, the company earned $0.57 EPS. United Community Banks’s revenue was up 27.4% on a year-over-year basis.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Hovde Group increased their price target on United Community Banks from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, July 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Community Banks in a report on Wednesday, October 8th. DA Davidson raised their target price on United Community Banks from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Wall Street Zen raised United Community Banks from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Keefe, Bruyette & Woods increased their price target on United Community Banks from $32.00 to $34.00 and gave the stock a “market perform” rating in a report on Monday, July 28th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $35.33.

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. The company accepts various deposit products, including checking, savings, money market, and other deposit accounts.