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

United Community Banks, Inc. (NASDAQ:UCB) announced a quarterly dividend on Friday, February 21st, RTT News reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.24 per share on Friday, April 4th. This represents a $0.96 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Friday, March 14th.

United Community Banks Stock Performance

UCB opened at $28.07 on Wednesday. The company has a 50 day simple moving average of $32.16 and a two-hundred day simple moving average of $31.18. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market cap of $3.35 billion, a P/E ratio of 13.76 and a beta of 0.90. United Community Banks has a 1-year low of $24.04 and a 1-year high of $35.38.

Analysts Set New Price Targets

Several brokerages recently weighed in on UCB. Raymond James raised 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 report on Thursday, December 19th. Piper Sandler upped their price objective on United Community Banks from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd.

Insider Activity

In related news, EVP Richard Bradshaw sold 1,527 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was 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 directly owns 67,876 shares of the company’s stock, valued at approximately $2,220,902.72. This represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO H Lynn Harton sold 31,679 shares of United Community Banks stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $33.84, for a total value of $1,072,017.36. Following the completion of the sale, the chief executive officer now directly owns 112,444 shares in the company, valued at approximately $3,805,104.96. The trade was a 21.98 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

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