United Community Banks, Inc. (UCB) to Issue Quarterly Dividend of $0.24 on April 4th

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 dividend on an annualized basis and a dividend yield of 3.01%.

United Community Banks Price Performance

Shares of United Community Banks stock opened at $31.87 on Friday. The firm has a fifty day simple moving average of $32.54 and a 200-day simple moving average of $31.02. 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 1-year low of $24.04 and a 1-year high of $35.38. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 15.62 and a beta of 0.92.

Insider Activity at United Community Banks

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

Analyst Ratings Changes

A number of analysts have recently weighed in on UCB shares. Piper Sandler boosted their price objective on shares of United Community Banks from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Raymond James upgraded shares of United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 target price for the company in a research note on Thursday, December 19th.

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.