United Community Banks, Inc. Declares Quarterly Dividend of $0.25 (NYSE:UCB)

United Community Banks, Inc. (NYSE:UCB) announced a quarterly dividend on Thursday, November 13th. Investors of record on Monday, December 15th will be given a dividend of 0.25 per share on Monday, January 5th. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, December 15th.

United Community Banks has raised its dividend payment by an average of 0.1%annually over the last three years.

United Community Banks Stock Down 0.7%

Shares of NYSE:UCB traded down $0.22 during trading on Friday, reaching $29.76. 81,591 shares of the company’s stock traded hands, compared to its average volume of 686,992. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 11.81 and a beta of 0.91. United Community Banks has a fifty-two week low of $22.93 and a fifty-two week high of $35.38. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.04. The stock has a 50-day simple moving average of $30.98.

United Community Banks (NYSE:UCB) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.05. The business had revenue of $276.85 million during the quarter, compared to the consensus estimate of $270.85 million. United Community Banks had a net margin of 20.67% and a return on equity of 9.42%. The business’s revenue was up 27.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 EPS.

Insiders Place Their Bets

In other United Community Banks news, EVP Richard Bradshaw sold 1,654 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $30.23, for a total value of $50,000.42. Following the transaction, the executive vice president directly owned 75,226 shares of the company’s stock, valued at $2,274,081.98. This represents a 2.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by company insiders.

Institutional Trading of United Community Banks

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in United Community Banks by 125.7% during the 3rd quarter. Wellington Management Group LLP now owns 774,660 shares of the company’s stock valued at $24,286,000 after acquiring an additional 431,491 shares during the last quarter. Invesco Ltd. increased its position in shares of United Community Banks by 4.6% in the 3rd quarter. Invesco Ltd. now owns 1,680,961 shares of the company’s stock worth $52,698,000 after purchasing an additional 73,775 shares during the last quarter. Sei Investments Co. raised its stake in shares of United Community Banks by 3.8% in the 3rd quarter. Sei Investments Co. now owns 423,969 shares of the company’s stock valued at $13,291,000 after purchasing an additional 15,609 shares in the last quarter. UBS Group AG lifted its position in shares of United Community Banks by 5.0% during the third quarter. UBS Group AG now owns 176,798 shares of the company’s stock worth $5,543,000 after purchasing an additional 8,365 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in United Community Banks by 169.4% in the third quarter. BNP Paribas Financial Markets now owns 35,040 shares of the company’s stock worth $1,099,000 after purchasing an additional 22,032 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

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