DA Davidson Has Positive Estimate for UCB Q4 Earnings

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

Other equities research analysts have also recently issued research reports about the company. Piper Sandler decreased their target price on United Community Banks from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Truist Financial reduced their price objective on shares of United Community Banks from $32.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, October 25th. Finally, Raymond James upgraded shares of United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a research note on Thursday.

United Community Banks Trading Down 0.1 %

UCB stock opened at $31.05 on Friday. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 20.16 and a beta of 0.92. United Community Banks has a 1 year low of $24.04 and a 1 year high of $35.38. The firm has a fifty day simple moving average of $31.53. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.78 and a current ratio of 0.78.

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

United Community Banks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 16th will be paid 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 payout ratio is 62.34%.

Insider Buying and Selling at United Community Banks

In related news, CFO Jefferson L. Harralson sold 10,275 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $27.76, for a total value of $285,234.00. Following the completion of the sale, the chief financial officer now owns 43,991 shares in the company, valued at approximately $1,221,190.16. This trade represents a 18.93 % 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. Insiders own 0.54% of the company’s stock.

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.