United Community Banks, Inc. (NYSE:UCB) Shareholders to Collect $0.26 Quarterly Dividend

United Community Banks, Inc. (NYSE:UCB) declared a quarterly dividend on Thursday, November 12th. Investors of record on Tuesday, December 15th will be paid a dividend of $0.26 per share on Tuesday, January 5th. This represents a $1.04 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, December 15th.

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

United Community Banks Price Performance

NYSE:UCB opened at $37.26 on Friday. The stock has a market cap of $4.49 billion, a P/E ratio of 31.58 and a beta of 0.86. United Community Banks has a one year low of $28.82 and a one year high of $38.63. The company has a fifty day moving average price of $35.23 and a 200 day moving average price of $34.23. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.78 and a quick ratio of 0.78.

United Community Banks (NYSE:UCB) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. United Community Banks had a net margin of 9.06% and a return on equity of 9.66%. The company had revenue of $291.90 million for the quarter. Analysts anticipate that United Community Banks will post 3.01 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on UCB. Stephens increased their target price on shares of United Community Banks from $41.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. Weiss Ratings cut United Community Banks from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday. TD Cowen raised United Community Banks to a “strong-buy” rating in a report on Thursday, July 16th. Wall Street Zen upgraded United Community Banks from a “sell” rating to a “hold” rating in a research report on Saturday, September 12th. Finally, DA Davidson lifted their price objective on United Community Banks from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, September 9th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.00.

United Community Banks Company Profile

United Community Banks, Inc. is the bank holding company for United Community Bank, a regional financial institution serving individuals, businesses and organizations across the southeastern United States. The company traces its roots to 1950, when Union County Bank opened in Blairsville, Georgia. United Community Bank offers personal and business deposit accounts, lending, and other banking services. Its offerings also include mortgage banking, wealth management and insurance services. The company operates across Georgia, North Carolina, South Carolina, Tennessee, Alabama and Florida, combining community-based banking with a regional branch and digital-service network.