United Community Banks, Inc. (NASDAQ:UCB) CFO Sells $285,234.00 in Stock

United Community Banks, Inc. (NASDAQ:UCB) CFO Jefferson L. Harralson sold 10,275 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $27.76, for a total value of $285,234.00. Following the completion of the sale, the chief financial officer now directly owns 43,991 shares in the company, valued at approximately $1,221,190.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

United Community Banks Stock Down 2.3 %

Shares of NASDAQ:UCB opened at $28.45 on Friday. The stock has a market capitalization of $3.39 billion, a P/E ratio of 18.47 and a beta of 0.89. The firm has a fifty day simple moving average of $28.96. United Community Banks, Inc. has a 52 week low of $21.63 and a 52 week high of $31.96. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.78 and a current ratio of 0.78.

United Community Banks (NASDAQ:UCB) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). United Community Banks had a return on equity of 8.36% and a net margin of 13.04%. The firm had revenue of $384.39 million for the quarter, compared to analyst estimates of $237.90 million. During the same quarter in the prior year, the company earned $0.45 earnings per share. Sell-side analysts expect that United Community Banks, Inc. will post 2.24 earnings per share for the current fiscal year.

United Community Banks Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 16th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.37%. This is a positive change from United Community Banks’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, September 16th. United Community Banks’s payout ratio is presently 62.34%.

Analysts Set New Price Targets

A number of research firms recently commented on UCB. Truist Financial decreased their price objective on United Community Banks from $32.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Piper Sandler reduced their target price on shares of United Community Banks from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, October 25th.

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.