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

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

United Community Banks Stock Down 2.2 %

Shares of NASDAQ:UCB opened at $31.87 on Friday. United Community Banks has a 12 month low of $24.04 and a 12 month high of $35.38. The company’s 50-day moving average price is $32.54 and its two-hundred day moving average price is $31.02. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.08. The firm has a market cap of $3.80 billion, a P/E ratio of 15.62 and a beta of 0.92.

Insiders Place Their Bets

In other news, CEO H Lynn Harton sold 31,679 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Richard Bradshaw sold 1,527 shares of the firm’s stock in a transaction dated 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 in the company, valued at $2,220,902.72. This trade represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UCB. Raymond James raised shares of United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a report 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 stock a “neutral” rating in a report on Thursday, January 23rd.

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.