United Community Banks (NASDAQ:UCB) Price Target Increased to $32.00 by Analysts at Truist Financial

United Community Banks (NASDAQ:UCB) had its price objective lifted by Truist Financial from $31.00 to $32.00 in a report released on Friday morning, Benzinga reports. They currently have a hold rating on the stock.

United Community Banks Stock Down 2.6 %

Shares of NASDAQ:UCB opened at $29.54 on Friday. The company has a market cap of $3.52 billion, a P/E ratio of 14.03 and a beta of 0.89. United Community Banks has a 12 month low of $21.63 and a 12 month high of $31.96. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.80 and a quick ratio of 0.79.

United Community Banks (NASDAQ:UCB) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.51 by $0.07. The company had revenue of $245.26 million during the quarter, compared to analysts’ expectations of $237.80 million. United Community Banks had a net margin of 13.36% and a return on equity of 8.04%. On average, research analysts expect that United Community Banks will post 2.25 earnings per share for the current fiscal year.

United Community Banks Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 16th will be paid a $0.24 dividend. This is a boost from United Community Banks’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.25%.

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.