United Community Banks, Inc. (NASDAQ:UCB - Free Report) - Research analysts at DA Davidson upped their FY2025 EPS estimates for shares of United Community Banks in a report released on Thursday, April 24th. DA Davidson analyst G. Tenner now forecasts that the company will post earnings per share of $2.53 for the year, up from their previous estimate of $2.41. DA Davidson currently has a "Buy" rating and a $33.00 target price on the stock. The consensus estimate for United Community Banks' current full-year earnings is $2.52 per share. DA Davidson also issued estimates for United Community Banks' FY2026 earnings at $2.77 EPS.
A number of other research analysts also recently weighed in on UCB. Stephens reissued an "overweight" rating and issued a $36.00 price target on shares of United Community Banks in a research note on Wednesday, April 23rd. Hovde Group upgraded United Community Banks from a "market perform" rating to an "outperform" rating and dropped their price objective for the company from $32.00 to $31.00 in a report on Monday, April 7th. Finally, Piper Sandler raised their target price on United Community Banks from $32.00 to $35.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $33.33.
Check Out Our Latest Report on UCB
United Community Banks Trading Down 0.3 %
Shares of NASDAQ UCB opened at $27.23 on Monday. The company's 50 day simple moving average is $27.83 and its 200 day simple moving average is $30.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.78 and a quick ratio of 0.78. United Community Banks has a fifty-two week low of $22.93 and a fifty-two week high of $35.38. The firm has a market capitalization of $3.25 billion, a P/E ratio of 13.35 and a beta of 0.80.
United Community Banks Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend was Friday, March 14th. United Community Banks's payout ratio is presently 45.50%.
Insiders Place Their Bets
In related news, Director Sally Pope Davis acquired 1,800 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $28.19 per share, for a total transaction of $50,742.00. Following the completion of the acquisition, the director now directly owns 3,264 shares in the company, valued at approximately $92,012.16. The trade was a 122.95 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO H Lynn Harton sold 31,679 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $33.84, for a total transaction of $1,072,017.36. Following the completion of the sale, the chief executive officer now directly owns 112,444 shares in the company, valued at $3,805,104.96. This represents a 21.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.
Institutional Trading of United Community Banks
Several hedge funds and other institutional investors have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. bought a new position in shares of United Community Banks during the fourth quarter worth about $31,000. Versant Capital Management Inc bought a new position in shares of United Community Banks during the 1st quarter worth approximately $37,000. Public Employees Retirement System of Ohio bought a new position in shares of United Community Banks during the 4th quarter worth approximately $42,000. Quadrant Capital Group LLC acquired a new stake in shares of United Community Banks in the fourth quarter valued at approximately $45,000. Finally, MassMutual Private Wealth & Trust FSB bought a new stake in shares of United Community Banks in the first quarter worth $45,000. Institutional investors and hedge funds own 82.29% of the company's stock.
About United Community Banks
(
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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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