United Community Banks (NASDAQ:UCB) Price Target Increased to $32.00 by Analysts at Truist Financial

United Community Banks (NASDAQ:UCB) had its target price upped by Truist Financial from $31.00 to $32.00 in a research note published on Friday morning, Benzinga reports. The brokerage currently has a hold rating on the stock.

United Community Banks Price Performance

Shares of UCB opened at $29.54 on Friday. United Community Banks has a 12-month low of $21.63 and a 12-month high of $31.96. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.79 and a current ratio of 0.80. The company has a market cap of $3.52 billion, a P/E ratio of 14.03 and a beta of 0.89.

United Community Banks (NASDAQ:UCB) last released its earnings results on Wednesday, July 24th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.51 by $0.07. United Community Banks had a net margin of 13.36% and a return on equity of 8.04%. The firm had revenue of $245.26 million for the quarter, compared to the consensus estimate of $237.80 million. As a group, sell-side analysts anticipate that United Community Banks will post 2.25 earnings per share for the current fiscal year.

United Community Banks Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 16th will be given a dividend of $0.24 per share. This is a positive change from United Community Banks’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.25%.

About United Community Banks

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.