United Community Banks (NASDAQ:UCB) Upgraded at Raymond James

Raymond James upgraded shares of United Community Banks (NASDAQ:UCB - Free Report) from a market perform rating to an outperform rating in a report issued on Thursday morning, MarketBeat.com reports. They currently have $35.00 target price on the stock.

Several other research analysts have also issued reports on the company. Truist Financial dropped their price objective on United Community Banks from $32.00 to $30.00 and set a "hold" rating for the company in a research note on Friday, October 25th. Piper Sandler cut their price target on shares of United Community Banks from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Friday, October 25th.

United Community Banks Stock Performance

Shares of NASDAQ:UCB traded down $0.04 during midday trading on Thursday, reaching $31.05. 906,326 shares of the company's stock were exchanged, compared to its average volume of 585,536. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 20.16 and a beta of 0.92. The business has a 50 day moving average price of $31.46. 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 0.10, a current ratio of 0.78 and a quick ratio of 0.78.

United Community Banks (NASDAQ:UCB - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.01). United Community Banks had a net margin of 13.04% and a return on equity of 8.36%. The company had revenue of $384.39 million for the quarter, compared to analyst estimates of $237.90 million. During the same period in the previous year, the firm posted $0.45 earnings per share. On average, research analysts anticipate that United Community Banks will post 2.23 earnings per share for the current year.

United Community Banks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 16th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Monday, December 16th. United Community Banks's dividend payout ratio is currently 62.34%.

Insider Transactions at United Community Banks

In other United Community Banks news, CFO Jefferson L. Harralson sold 10,275 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $27.76, for a total value of $285,234.00. Following the transaction, the chief financial officer now directly owns 43,991 shares in the company, valued at approximately $1,221,190.16. This trade represents a 18.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.54% of the company's stock.

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.