Published On: Thu, Sep 8th, 2016

United Community Banks, Inc. (ucbi) Raises Dividend to $0.08 Per Share

United Community Banks, Inc. (NASDAQ:ucbi) declared a quarterly dividend on Wednesday, July 27th. Investors of record on Thursday, September 15th will be paid a dividend of 0.08 per share by the financial services provider on Wednesday, October 5th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Tuesday, September 13th. This is a boost from United Community Banks’s previous quarterly dividend of $0.07.
Shares of United Community Banks (NASDAQ:UCBI) opened at 20.98 on Thursday. The stock’s 50 day moving average price is $19.85 and its 200-day moving average price is $19.14. United Community Banks has a 12 month low of $15.74 and a 12 month high of $22.23. The company has a market cap of $1.49 billion and a P/E ratio of 17.75.
United Community Banks (NASDAQ:UCBI) last announced its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. During the same period in the prior year, the company earned $0.32 EPS. Equities research analysts expect that United Community Banks will post $1.43 earnings per share for the current year.

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Separately, Zacks Investment Research upgraded United Community Banks from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Saturday, July 9th.
United Community Banks, Inc is a bank holding company. The Company’s principal business is conducted by its subsidiary, United Community Bank (the Bank). The Bank is a chartered commercial bank that serves markets throughout north Georgia, coastal Georgia, the Atlanta-Sandy Springs-Roswell, Georgia and Gainesville, Georgia metropolitan statistical areas, western North Carolina, upstate South Carolina and east Tennessee.

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