United Community Banks, Inc. Plans Quarterly Dividend of $0.03 (UCBI)
United Community Banks (NASDAQ:UCBI) declared a quarterly dividend on Monday, August 25th, Stock Ratings News reports. Shareholders of record on Tuesday, September 16th will be given a dividend of 0.03 per share on Wednesday, October 1st. This represents a $0.12 dividend on an annualized basis and a yield of 0.70%.
A number of analysts have recently weighed in on UCBI shares. Analysts at SunTrust upgraded shares of United Community Banks from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 20th. They now have a $19.00 price target on the stock, up previously from $18.00. On a related note, analysts at Sandler O’Neill reiterated a “buy” rating on shares of United Community Banks in a research note on Thursday, June 5th. Finally, analysts at Raymond James reiterated a “buy” rating on shares of United Community Banks in a research note on Monday, June 2nd. They now have a $19.00 price target on the stock, down previously from $20.50. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $18.88.
United Community Banks (NASDAQ:UCBI) traded up 1.79% on Monday, hitting $17.04. The stock had a trading volume of 206,765 shares. United Community Banks has a 52-week low of $14.46 and a 52-week high of $20.28. The stock’s 50-day moving average is $16.14 and its 200-day moving average is $16.88. The company has a market cap of $1.025 billion and a P/E ratio of 17.68.
United Community Banks (NASDAQ:UCBI) last announced its earnings results on Thursday, July 24th. The company reported $0.27 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.27. During the same quarter last year, the company posted $3.90 earnings per share. Analysts expect that United Community Banks will post $1.10 EPS for the current fiscal year.
United Community Banks, Inc (NASDAQ:UCBI) is a bank holding company.
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