Truist Financial Lowers United Community Banks (NASDAQ:UCB) Price Target to $30.00

United Community Banks (NASDAQ:UCB) had its price target cut by Truist Financial from $32.00 to $30.00 in a report released on Friday, Benzinga reports. They currently have a hold rating on the stock.

United Community Banks Stock Performance

Shares of United Community Banks stock opened at $28.58 on Friday. The stock has a market cap of $3.41 billion, a PE ratio of 18.56 and a beta of 0.89. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average of $28.99. United Community Banks has a one year low of $21.63 and a one year high of $31.96.

United Community Banks (NASDAQ:UCB) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). United Community Banks had a return on equity of 8.36% and a net margin of 13.04%. The firm had revenue of $384.39 million for the quarter, compared to analysts’ expectations of $237.90 million. During the same period in the previous year, the firm earned $0.45 earnings per share. Sell-side analysts predict that United Community Banks will post 2.24 earnings per share for the current fiscal year.

United Community Banks Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 16th were given a $0.24 dividend. This is a positive change from United Community Banks’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Monday, September 16th. United Community Banks’s dividend payout ratio is 62.34%.

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.