FY2024 EPS Estimates for United Community Banks, Inc. (NASDAQ:UCB) Cut by Analyst

United Community Banks, Inc. (NASDAQ:UCB - Free Report) - Research analysts at DA Davidson cut their FY2024 earnings per share (EPS) estimates for shares of United Community Banks in a report released on Thursday, October 3rd. DA Davidson analyst G. Tenner now forecasts that the company will earn $2.29 per share for the year, down from their previous estimate of $2.31. The consensus estimate for United Community Banks' current full-year earnings is $2.25 per share. DA Davidson also issued estimates for United Community Banks' FY2025 earnings at $2.38 EPS.

Separately, Truist Financial upped their price target on shares of United Community Banks from $31.00 to $32.00 and gave the company a "hold" rating in a research report on Friday, September 20th.

United Community Banks Stock Performance

Shares of UCB stock traded down $0.43 on Monday, hitting $27.98. 385,437 shares of the company's stock traded hands, compared to its average volume of 573,272. The stock has a market cap of $3.33 billion, a PE ratio of 13.36 and a beta of 0.89. The firm's fifty day moving average is $28.99. United Community Banks has a one year low of $21.63 and a one year high of $31.96. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.10.

United Community Banks (NASDAQ:UCB - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.07. The business had revenue of $245.26 million for the quarter, compared to analysts' expectations of $237.80 million. United Community Banks had a net margin of 13.36% and a return on equity of 8.04%.

United Community Banks Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 16th were given a $0.24 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.96 annualized dividend and a yield of 3.43%. This is an increase from United Community Banks's previous quarterly dividend of $0.23.

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.