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

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 paid a dividend of 0.24 per share on Friday, April 4th. This represents a $0.96 annualized dividend and a yield of 3.01%.

United Community Banks Stock Down 2.2 %

UCB stock traded down $0.71 during mid-day trading on Friday, hitting $31.87. 500,167 shares of the company were exchanged, compared to its average volume of 599,596. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market cap of $3.80 billion, a P/E ratio of 15.62 and a beta of 0.92. The firm’s 50 day simple moving average is $32.57 and its 200 day simple moving average is $31.01. United Community Banks has a 1-year low of $24.04 and a 1-year high of $35.38.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Piper Sandler raised their target price on shares of United Community Banks from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Truist Financial dropped their target price on shares of United Community Banks from $32.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, October 25th. Finally, Raymond James upgraded shares of United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a report on Thursday, December 19th.

Insider Transactions at United Community Banks

In related news, CEO H Lynn Harton sold 31,679 shares of the firm’s 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 directly owns 112,444 shares of the company’s stock, valued at approximately $3,805,104.96. This trade represents a 21.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richard Bradshaw sold 1,527 shares of the firm’s 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 directly owns 67,876 shares of the company’s stock, valued at $2,220,902.72. This represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

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.