United Community Banks, Inc. (NASDAQ:UCBI – Get Rating) declared a quarterly dividend on Thursday, August 18th, Zacks reports. Shareholders of record on Thursday, September 15th will be given a dividend of 0.22 per share by the financial services provider on Wednesday, October 5th. This represents a $0.88 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Wednesday, September 14th. This is a boost from United Community Banks’s previous quarterly dividend of $0.21.
United Community Banks has raised its dividend payment by an average of 10.4% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. United Community Banks has a dividend payout ratio of 25.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect United Community Banks to earn $3.24 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 25.9%.
United Community Banks Trading Down 0.2 %
UCBI stock opened at $36.10 on Friday. The company has a fifty day moving average price of $32.06 and a two-hundred day moving average price of $33.14. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 14.98 and a beta of 1.05. United Community Banks has a one year low of $27.62 and a one year high of $39.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.74 and a quick ratio of 0.74.
Ad Tradewins
The Safest Option in Trades!
If you’re new to trading, then you’ve probably heard the wrong thing about options—that they’re risky, unpredictable, or difficult.
And it couldn’t be more wrong! With the Hughes Optioneering Strategy, you’ll soon learn that the safest option for new accounts is options themselves!
United Community Banks (NASDAQ:UCBI – Get Rating) last announced its earnings results on Tuesday, July 19th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.03). The business had revenue of $212.36 million during the quarter, compared to the consensus estimate of $213.19 million. United Community Banks had a net margin of 30.10% and a return on equity of 11.27%. The company’s revenue was up 21.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 EPS. Equities analysts anticipate that United Community Banks will post 2.65 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Piper Sandler reduced their target price on shares of United Community Banks to $36.00 in a research report on Friday, July 22nd. StockNews.com cut shares of United Community Banks from a “hold” rating to a “sell” rating in a research report on Friday, July 29th. Finally, Truist Financial dropped their price target on United Community Banks from $34.00 to $32.00 in a research note on Wednesday, June 15th.
Institutional Trading of United Community Banks
Hedge funds and other institutional investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of United Community Banks during the first quarter worth about $1,023,000. Jane Street Group LLC bought a new stake in shares of United Community Banks during the second quarter worth about $872,000. LPL Financial LLC grew its holdings in shares of United Community Banks by 68.4% during the second quarter. LPL Financial LLC now owns 28,435 shares of the financial services provider’s stock worth $858,000 after purchasing an additional 11,548 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of United Community Banks by 21.0% during the first quarter. PNC Financial Services Group Inc. now owns 17,403 shares of the financial services provider’s stock worth $606,000 after purchasing an additional 3,025 shares during the last quarter. Finally, Eudaimonia Partners LLC bought a new stake in shares of United Community Banks during the first quarter worth about $406,000. 79.51% of the stock is currently owned by institutional investors.
United Community Banks Company Profile
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. The company accepts various deposit products, including checking, savings, money market, and other deposit accounts.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider United Community Banks, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and United Community Banks wasn’t on the list.
While United Community Banks currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Read More: United Community Banks, Inc. (NASDAQ:UCBI) Increases Dividend to $0.22 Per Share