United Community Banks, Inc. (NASDAQ:UCBI) declared a quarterly dividend on Wednesday, August 7th, Zacks reports. Shareholders of record on Sunday, September 15th will be given a dividend of 0.17 per share by the financial services provider on Saturday, October 5th. This represents a $0.68 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, September 12th.
United Community Banks has increased its dividend payment by an average of 35.3% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. United Community Banks has a dividend payout ratio of 31.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect United Community Banks to earn $2.34 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 29.1%.
Shares of NASDAQ:UCBI traded down $0.22 during trading on Friday, hitting $27.00. The company’s stock had a trading volume of 4,101 shares, compared to its average volume of 372,626. The firm’s 50 day simple moving average is $28.01. The stock has a market cap of $2.13 billion, a P/E ratio of 12.61 and a beta of 1.24. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.85 and a quick ratio of 0.84. United Community Banks has a fifty-two week low of $20.23 and a fifty-two week high of $31.71.
Several research firms have recently issued reports on UCBI. BidaskClub cut shares of United Community Banks from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. ValuEngine cut shares of United Community Banks from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research raised shares of United Community Banks from a “sell” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. United Community Banks has an average rating of “Hold” and a consensus price target of $29.40.
About United Community Banks
United Community Banks, Inc operates as the bank holding company for United Community Bank that provides retail and corporate banking services to individuals and businesses. It offers various deposit accounts, such as checking accounts, savings and time deposits accounts, NOW accounts, money market deposits, and certificates of deposit.
Recommended Story: How is a price target determined?
Receive News & Ratings for United Community Banks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Community Banks and related companies with MarketBeat.com's FREE daily email newsletter.