Q4 Earnings Forecast for UCB Issued By DA Davidson

United Community Banks, Inc. (NASDAQ:UCB - Free Report) - Equities researchers at DA Davidson issued their Q4 2024 EPS estimates for United Community Banks in a research note issued on Thursday, October 24th. DA Davidson analyst G. Tenner forecasts that the company will post earnings of $0.58 per share for the quarter. The consensus estimate for United Community Banks' current full-year earnings is $2.24 per share. DA Davidson also issued estimates for United Community Banks' FY2025 earnings at $2.40 EPS.

United Community Banks (NASDAQ:UCB - Get Free Report) last issued 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). United Community Banks had a return on equity of 8.36% and a net margin of 13.04%. The firm had revenue of $384.39 million during the quarter, compared to analyst estimates of $237.90 million. During the same quarter last year, the firm posted $0.45 EPS.

A number of other research analysts also recently issued reports on UCB. Truist Financial dropped their price objective on United Community Banks from $32.00 to $30.00 and set a "hold" rating on the stock in a research note on Friday. Piper Sandler lowered their target price on United Community Banks from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Friday.

United Community Banks Stock Up 3.4 %

UCB traded up $0.93 during trading on Monday, reaching $28.58. 333,229 shares of the stock traded hands, compared to its average volume of 566,625. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.10. The company has a 50-day simple moving average of $28.99. United Community Banks has a 12 month low of $21.63 and a 12 month high of $31.96. The stock has a market capitalization of $3.41 billion, a PE ratio of 18.45 and a beta of 0.89.

United Community Banks Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 16th were issued a dividend of $0.24 per share. The ex-dividend date was Monday, September 16th. This represents a $0.96 annualized dividend and a dividend yield of 3.36%. This is a positive change from United Community Banks's previous quarterly dividend of $0.23. United Community Banks's dividend payout ratio is currently 62.34%.

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.