DA Davidson Analysts Boost Earnings Estimates for UCB

United Community Banks, Inc. (NASDAQ:UCB) – Equities researchers at DA Davidson increased their Q4 2024 earnings per share (EPS) estimates for shares of United Community Banks in a note issued to investors on Thursday, December 19th. DA Davidson analyst G. Tenner now anticipates that the company will earn $0.59 per share for the quarter, up from their previous estimate of $0.58. The consensus estimate for United Community Banks’ current full-year earnings is $2.23 per share.

Several other brokerages also recently issued reports on UCB. Piper Sandler cut their price target on shares of United Community Banks from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Raymond James raised shares of United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 price objective for the company in a report on Thursday. Finally, Truist Financial reduced their target price on United Community Banks from $32.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, October 25th.

United Community Banks Stock Performance

Shares of NASDAQ:UCB opened at $31.05 on Friday. The firm has a fifty day moving average price of $31.53. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.78 and a quick ratio of 0.78. United Community Banks has a 52 week low of $24.04 and a 52 week high of $35.38. The firm has a market cap of $3.70 billion, a P/E ratio of 20.16 and a beta of 0.92.

United Community Banks (NASDAQ:UCB) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). United Community Banks had a net margin of 13.04% and a return on equity of 8.36%. The company had revenue of $384.39 million during the quarter, compared to the consensus estimate of $237.90 million. During the same quarter last year, the company earned $0.45 earnings per share.

Insiders Place Their Bets

In other news, CFO Jefferson L. Harralson sold 10,275 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $27.76, for a total transaction of $285,234.00. Following the completion of the sale, the chief financial officer now owns 43,991 shares in the company, valued at $1,221,190.16. The trade was a 18.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.54% of the company’s stock.

United Community Banks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 16th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.96 annualized dividend and a yield of 3.09%. United Community Banks’s dividend payout ratio (DPR) 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.