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. 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 3.42%. The ex-dividend date is Friday, March 14th.

United Community Banks Stock Down 1.0 %

UCB stock opened at $28.07 on Wednesday. The stock has a market capitalization of $3.35 billion, a P/E ratio of 13.76 and a beta of 0.90. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.78 and a quick ratio of 0.78. United Community Banks has a 1-year low of $24.04 and a 1-year high of $35.38. The business has a fifty day moving average price of $32.16 and a 200-day moving average price of $31.18.

Analyst Upgrades and Downgrades

Several research firms have issued reports on UCB. 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 research note on Thursday, December 19th. Piper Sandler increased their price objective on shares of United Community Banks from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd.

Insider Buying and Selling

In other news, CEO H Lynn Harton sold 31,679 shares of United Community Banks stock in a transaction on Monday, February 10th. The shares were sold at an average price of $33.84, for a total transaction of $1,072,017.36. Following the transaction, the chief executive officer now owns 112,444 shares in the company, valued at $3,805,104.96. This trade represents a 21.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Richard Bradshaw sold 1,527 shares of the business’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 sale, the executive vice president now directly owns 67,876 shares of the company’s stock, valued at approximately $2,220,902.72. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

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.