DA Davidson Issues Optimistic Estimate for UCB Earnings

United Community Banks, Inc. (NASDAQ:UCB) – Stock analysts at DA Davidson boosted their FY2025 EPS estimates for shares of United Community Banks in a research report issued to clients and investors on Thursday, January 23rd. DA Davidson analyst G. Tenner now expects that the company will post earnings of $2.79 per share for the year, up from their previous forecast of $2.37. The consensus estimate for United Community Banks’ current full-year earnings is $2.30 per share.

Several other research firms also recently commented on UCB. Raymond James upgraded United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a report on Thursday, December 19th. Truist Financial cut their price target on United Community Banks from $32.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. Finally, Piper Sandler upped their price objective on shares of United Community Banks from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd.

United Community Banks Stock Performance

Shares of NASDAQ:UCB opened at $33.58 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 16.46 and a beta of 0.93. The stock’s 50 day moving average is $32.69. United Community Banks has a one year low of $24.04 and a one year high of $35.38.

United Community Banks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, December 16th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.96 dividend on an annualized basis and a yield of 2.86%. United Community Banks’s dividend payout ratio is currently 47.06%.

Insider Buying and Selling at United Community Banks

In related news, EVP Richard Bradshaw sold 1,527 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $32.72, for a total transaction of $49,963.44. Following the completion of the transaction, the executive vice president now owns 67,876 shares in the company, valued at $2,220,902.72. The trade was a 2.20 % decrease in their position. 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.

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.