United Community Banks, Inc. (UCBI) to Issue Quarterly Dividend of $0.12

United Community Banks, Inc. (NASDAQ:UCBI) declared a quarterly dividend on Monday, February 12th, Wall Street Journal reports. Shareholders of record on Thursday, March 15th will be paid a dividend of 0.12 per share by the financial services provider on Thursday, April 5th. This represents a $0.48 annualized dividend and a yield of 1.58%. The ex-dividend date is Wednesday, March 14th. This is an increase from United Community Banks’s previous quarterly dividend of $0.10.

Shares of United Community Banks (NASDAQ:UCBI) traded down $0.02 during midday trading on Monday, hitting $30.38. The stock had a trading volume of 567,679 shares, compared to its average volume of 549,754. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $2,404.91, a price-to-earnings ratio of 32.34 and a beta of 0.91. United Community Banks has a fifty-two week low of $24.47 and a fifty-two week high of $32.71.

United Community Banks (NASDAQ:UCBI) last announced its earnings results on Tuesday, January 23rd. The financial services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.01. United Community Banks had a return on equity of 10.12% and a net margin of 14.14%. The firm had revenue of $118.24 million during the quarter, compared to the consensus estimate of $118.26 million. During the same quarter in the prior year, the company earned $0.40 EPS. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. analysts predict that United Community Banks will post 2.21 earnings per share for the current year.

UCBI has been the subject of a number of research reports. Zacks Investment Research cut United Community Banks from a “buy” rating to a “hold” rating in a report on Saturday, October 28th. BidaskClub cut United Community Banks from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. ValuEngine cut United Community Banks from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, Keefe, Bruyette & Woods raised United Community Banks from a “market perform” rating to an “outperform” rating in a report on Thursday, January 25th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $31.00.

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About United Community Banks

United Community Banks, Inc (United) is a bank holding company. United conducts its operations through a community-focused operating model of separate community banks, which, as of December 31, 2016, operated at 139 locations throughout the Atlanta-Sandy Springs-Roswell, Georgia, and Gainesville, Georgia metropolitan statistical areas, upstate and coastal South Carolina, north and coastal Georgia, western North Carolina, and east Tennessee.

Dividend History for United Community Banks (NASDAQ:UCBI)

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