United Community Banks (NASDAQ:UCB) Shares Down 0.3% - What's Next?

Shares of United Community Banks, Inc. (NASDAQ:UCB - Get Free Report) traded down 0.3% during mid-day trading on Friday . The company traded as low as $32.82 and last traded at $33.21. 463,501 shares changed hands during trading, a decline of 20% from the average session volume of 579,644 shares. The stock had previously closed at $33.30.

Wall Street Analysts Forecast Growth

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

United Community Banks Price Performance

The stock has a market capitalization of $3.96 billion, a PE ratio of 15.10 and a beta of 0.92. The business has a 50 day moving average price of $31.18. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.10.

United Community Banks (NASDAQ:UCB - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.57 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $384.39 million during the quarter, compared to analyst estimates of $237.90 million. During the same period in the prior year, the firm posted $0.45 EPS. On average, research analysts anticipate that United Community Banks, Inc. will post 2.23 earnings per share for the current fiscal year.

United Community Banks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.89%. The ex-dividend date is Monday, December 16th. United Community Banks's dividend payout ratio is 62.34%.

Insider Transactions at United Community Banks

In related news, CFO Jefferson L. Harralson sold 10,275 shares of the business'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 transaction of $285,234.00. Following the completion of the sale, the chief financial officer now directly owns 43,991 shares of the company's stock, valued at $1,221,190.16. The trade was a 18.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by corporate insiders.

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.