United Community Banks, Inc. (UCB) To Go Ex-Dividend on September 15th

United Community Banks, Inc. (NYSE:UCB) declared a quarterly dividend on Thursday, August 13th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.26 per share on Monday, October 5th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, September 15th. This is a 4.0% increase from United Community Banks’s previous quarterly dividend of $0.25.

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

United Community Banks Stock Up 0.4%

UCB stock opened at $35.30 on Friday. The firm’s 50-day moving average is $35.58 and its two-hundred day moving average is $33.81. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 11.61 and a beta of 0.81. United Community Banks has a 52 week low of $28.65 and a 52 week high of $37.18. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.22.

United Community Banks (NYSE:UCB) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.09). United Community Banks had a net margin of 24.43% and a return on equity of 9.61%. The company had revenue of $279.28 million during the quarter. On average, analysts forecast that United Community Banks will post 2.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In other United Community Banks news, EVP Richard Bradshaw sold 1,424 shares of the company’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $35.09, for a total value of $49,968.16. Following the transaction, the executive vice president owned 83,228 shares of the company’s stock, valued at approximately $2,920,470.52. This represents a 1.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jefferson L. Harralson sold 25,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $35.41, for a total value of $885,250.00. Following the completion of the transaction, the executive vice president directly owned 37,433 shares in the company, valued at $1,325,502.53. This represents a 40.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On United Community Banks

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its holdings in shares of United Community Banks by 7.0% during the first quarter. Royal Bank of Canada now owns 55,319 shares of the company’s stock valued at $1,557,000 after purchasing an additional 3,617 shares during the last quarter. AQR Capital Management LLC increased its stake in United Community Banks by 176.2% in the 1st quarter. AQR Capital Management LLC now owns 26,530 shares of the company’s stock worth $746,000 after purchasing an additional 16,925 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in United Community Banks by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,211 shares of the company’s stock worth $2,003,000 after purchasing an additional 3,115 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in United Community Banks during the 1st quarter worth about $219,000. Finally, United Services Automobile Association acquired a new stake in United Community Banks during the 1st quarter worth about $204,000. 82.29% of the stock is currently owned by institutional investors and hedge funds.

About United Community Banks

United Community Banks, Inc is the bank holding company for United Community Bank, a regional financial institution headquartered in Blairsville, Georgia. Founded in 1950, the company provides banking and financial services to individuals, businesses and institutions across the Southeastern United States.

United Community Bank offers consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, mortgages, treasury management and other financial services.