United Community Banks, Inc. (NASDAQ:UCB - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $28.67, but opened at $26.19. United Community Banks shares last traded at $27.82, with a volume of 59,127 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Truist Financial increased their price target on United Community Banks from $31.00 to $32.00 and gave the stock a "hold" rating in a report on Friday, September 20th.
Read Our Latest Report on UCB
United Community Banks Price Performance
The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 18.08 and a beta of 0.89. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.10. The company has a 50-day simple moving average of $29.02.
United Community Banks (NASDAQ:UCB - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.58 earnings per share (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%. Sell-side analysts predict that United Community Banks, Inc. will post 2.25 earnings per share for the current fiscal year.
United Community Banks Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 16th were issued a $0.24 dividend. This is a positive change from United Community Banks's previous quarterly dividend of $0.23. The ex-dividend date was Monday, September 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.40%. United Community Banks's payout ratio is presently 61.94%.
About United Community Banks
(
Get Free Report)
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.
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