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DA Davidson Issues Optimistic Estimate for UCB Earnings

United Community Banks logo with Finance background

United Community Banks, Inc. (NASDAQ:UCB - Free Report) - Stock analysts at DA Davidson upped their Q4 2024 EPS estimates for United Community Banks in a research report issued to clients and 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 forecast of $0.58. The consensus estimate for United Community Banks' current full-year earnings is $2.23 per share.

UCB has been the subject of several other research reports. Truist Financial cut their price target on 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. Piper Sandler dropped their target price 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. Finally, Raymond James raised shares of United Community Banks from a "market perform" rating to an "outperform" rating and set a $35.00 price target on the stock in a report on Thursday.

Check Out Our Latest Stock Report on UCB

United Community Banks Stock Performance

UCB stock traded up $0.55 during midday trading on Friday, hitting $31.60. 2,109,894 shares of the stock were exchanged, compared to its average volume of 591,732. The stock's 50-day moving average is $31.59. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a market capitalization of $3.77 billion, a PE ratio of 20.52 and a beta of 0.92. United Community Banks has a fifty-two week low of $24.04 and a fifty-two week high of $35.38.

United Community Banks (NASDAQ:UCB - Get Free Report) last posted its quarterly 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 company had revenue of $384.39 million for 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 in the previous year, the business posted $0.45 earnings per share.

United Community Banks Dividend Announcement

The business also recently disclosed 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. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Monday, December 16th. United Community Banks's payout ratio is currently 62.34%.

Insider Buying and Selling

In other United Community Banks 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 value of $285,234.00. Following the completion of the transaction, the chief financial officer now directly owns 43,991 shares in the company, valued at approximately $1,221,190.16. The trade was a 18.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.54% of the stock is currently owned by company insiders.

About United Community Banks

(Get Free Report)

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.

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