What is DA Davidson's Estimate for UCB FY2025 Earnings?

United Community Banks, Inc. (NASDAQ:UCB - Free Report) - DA Davidson lowered their FY2025 earnings per share (EPS) estimates for United Community Banks in a research report issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now expects that the company will earn $2.41 per share for the year, down from their previous forecast of $2.43. 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' FY2025 earnings at $2.41 EPS.

A number of other analysts have also issued reports on UCB. Raymond James upgraded United Community Banks from a "market perform" rating to an "outperform" rating and set a $35.00 target price for the company in a report on Thursday, December 19th. Piper Sandler upped their target price on United Community Banks from $32.00 to $35.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Finally, Hovde Group raised shares of United Community Banks from a "market perform" rating to an "outperform" rating and lowered their price objective for the company from $32.00 to $31.00 in a research report on Monday.

United Community Banks Trading Up 5.6 %

Shares of United Community Banks stock traded up $1.32 during trading on Friday, hitting $25.06. The stock had a trading volume of 538,325 shares, compared to its average volume of 646,222. United Community Banks has a 1 year low of $22.37 and a 1 year high of $35.38. The stock has a 50 day simple moving average of $30.18 and a 200 day simple moving average of $30.86. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $2.99 billion, a PE ratio of 12.41 and a beta of 0.80.

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Institutional Trading of United Community Banks

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of United Community Banks in the fourth quarter valued at approximately $8,675,000. Thrivent Financial for Lutherans acquired a new position in United Community Banks during the 4th quarter valued at $3,243,000. Corebridge Financial Inc. bought a new stake in United Community Banks in the 4th quarter valued at $2,057,000. Great Lakes Advisors LLC bought a new stake in shares of United Community Banks in the fourth quarter valued at about $3,050,000. Finally, Swiss National Bank acquired a new stake in United Community Banks during the fourth quarter worth about $7,573,000. Institutional investors and hedge funds own 82.29% of the company's stock.

Insider Activity at United Community Banks

In other news, 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 value 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 approximately $3,805,104.96. The trade was a 21.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richard Bradshaw sold 1,527 shares of the firm's stock in a transaction 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 ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

United Community Banks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 3.83%. United Community Banks's dividend payout ratio (DPR) is 47.06%.

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.