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

United Community Banks, Inc. (NASDAQ:UCB - Get Free Report) declared a quarterly dividend on Friday, February 21st, RTT News reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.24 per share on Friday, April 4th. This represents a $0.96 annualized dividend and a yield of 3.06%. The ex-dividend date is Friday, March 14th.

United Community Banks Trading Up 0.2 %

Shares of NASDAQ:UCB traded up $0.08 on Tuesday, hitting $31.41. 466,330 shares of the company's stock were exchanged, compared to its average volume of 592,204. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 15.40 and a beta of 0.92. United Community Banks has a 12 month low of $24.04 and a 12 month high of $35.38. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.78 and a quick ratio of 0.78. The business's 50 day simple moving average is $32.51 and its two-hundred day simple moving average is $31.04.

Insider Activity

In other United Community Banks news, CEO H Lynn Harton sold 31,679 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $33.84, for a total transaction of $1,072,017.36. Following the completion of the sale, the chief executive officer now owns 112,444 shares in the company, valued at $3,805,104.96. This represents a 21.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard Bradshaw sold 1,527 shares of United Community Banks stock in a transaction on Monday, January 27th. The shares were sold at an average price of $32.72, for a total value of $49,963.44. Following the completion of the transaction, the executive vice president now owns 67,876 shares in the company, valued at $2,220,902.72. This represents a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.54% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on UCB. Piper Sandler lifted their price objective on shares of United Community Banks from $32.00 to $35.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Raymond James raised shares of United Community Banks from a "market perform" rating to an "outperform" rating and set a $35.00 price target for the company in a research note on Thursday, December 19th.

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.