United Community Banks, Inc. (UCBI) Plans Quarterly Dividend of $0.03
United Community Banks (NASDAQ:UCBI) declared a quarterly dividend on Wednesday, May 14th, Analyst Ratings Network.com reports. Stockholders of record on Monday, June 16th will be given a dividend of 0.03 per share on Tuesday, July 1st. This represents a $0.12 dividend on an annualized basis and a yield of 0.76%.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods cut their price target on shares of United Community Banks from $21.00 to $20.00 in a research note on Wednesday, April 30th. On the ratings front, analysts at Stephens downgraded shares of United Community Banks from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, April 29th. Finally, analysts at Guggenheim raised their price target on shares of United Community Banks to $17.50 in a research note on Monday, March 17th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. United Community Banks currently has an average rating of “Buy” and an average target price of $18.00.
United Community Banks (NASDAQ:UCBI) traded down 2.29% on Wednesday, hitting $15.33. The stock had a trading volume of 252,383 shares. United Community Banks has a 52 week low of $11.21 and a 52 week high of $20.28. The stock’s 50-day moving average is $17.87 and its 200-day moving average is $17.49. The company has a market cap of $921.2 million and a P/E ratio of 3.48.
United Community Banks (NASDAQ:UCBI) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. During the same quarter in the previous year, the company posted $0.15 earnings per share. On average, analysts predict that United Community Banks will post $1.09 earnings per share for the current fiscal year.
United Community Banks, Inc (NASDAQ:UCBI) is a bank holding company.
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