United Community Banks (NASDAQ:UCB) Stock Price Down 0.3% – What’s Next?

Shares of United Community Banks, Inc. (NASDAQ:UCB) dropped 0.3% during trading on Friday . The stock traded as low as $32.82 and last traded at $33.21. Approximately 463,501 shares were traded during trading, a decline of 20% from the average daily volume of 579,644 shares. The stock had previously closed at $33.30.

Analyst Upgrades and Downgrades

Several research analysts recently commented on UCB shares. Truist Financial reduced their price objective on shares of United Community Banks from $32.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Piper Sandler reduced their price target on United Community Banks from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th.

United Community Banks Price Performance

The company has a fifty day simple moving average of $31.08. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 21.56 and a beta of 0.92. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.10.

United Community Banks (NASDAQ:UCB) last released its earnings results on Wednesday, October 23rd. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). United Community Banks had a net margin of 13.04% and a return on equity of 8.36%. The firm had revenue of $384.39 million during the quarter, compared to analyst estimates of $237.90 million. During the same period in the previous year, the company earned $0.45 earnings per share. Analysts expect that United Community Banks, Inc. will post 2.23 earnings per share for the current year.

United Community Banks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 16th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Monday, December 16th. United Community Banks’s dividend payout ratio (DPR) is 62.34%.

Insider Buying and Selling

In other United Community Banks news, CFO Jefferson L. Harralson sold 10,275 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $27.76, for a total transaction of $285,234.00. Following the sale, the chief financial officer now directly owns 43,991 shares of the company’s stock, valued at approximately $1,221,190.16. This trade represents a 18.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is owned by corporate insiders.

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. It accepts various deposit products, including checking, savings, money market, and other deposit accounts.