United Community Banks (UCB) Set to Announce Quarterly Earnings on Wednesday

United Community Banks (NASDAQ:UCB - Get Free Report) will issue its quarterly earnings data before the market opens on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

United Community Banks (NASDAQ:UCB - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.07. The company had revenue of $245.26 million for 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, analysts expect United Community Banks to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

United Community Banks Price Performance

Shares of UCB traded up $0.50 during mid-day trading on Wednesday, hitting $29.72. The company's stock had a trading volume of 416,939 shares, compared to its average volume of 570,473. The company has a 50-day moving average of $28.90. The company has a market cap of $3.54 billion, a PE ratio of 19.17 and a beta of 0.89. 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 has a fifty-two week low of $21.63 and a fifty-two week high of $31.96.

United Community Banks Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 16th were given a $0.24 dividend. This is an increase from United Community Banks's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Monday, September 16th. United Community Banks's dividend payout ratio (DPR) is 61.94%.

Wall Street Analyst Weigh In

Separately, Truist Financial lifted their target price on shares of United Community Banks from $31.00 to $32.00 and gave the stock a "hold" rating in a research report on Friday, September 20th.

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.