DA Davidson Has Pessimistic Outlook of UCB FY2025 Earnings

United Community Banks, Inc. (NASDAQ:UCB - Free Report) - Research analysts at DA Davidson dropped their FY2025 earnings per share (EPS) estimates for United Community Banks in a research report issued on Thursday, December 19th. DA Davidson analyst G. Tenner now forecasts that the company will earn $2.37 per share for the year, down from their previous forecast of $2.40. The consensus estimate for United Community Banks' current full-year earnings is $2.23 per share.

United Community Banks (NASDAQ:UCB - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company had revenue of $384.39 million for the quarter, compared to the consensus estimate 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 firm earned $0.45 earnings per share.

A number of other research analysts have also recently issued reports on the company. Truist Financial reduced 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, October 25th. Raymond James raised United Community Banks from a "market perform" rating to an "outperform" rating and set a $35.00 price target on the stock in a research note on Thursday. Finally, Piper Sandler lowered their price objective on United Community Banks from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Friday, October 25th.

United Community Banks Price Performance

UCB stock traded up $0.19 during mid-day trading on Monday, hitting $31.79. 848,119 shares of the stock were exchanged, compared to its average volume of 592,917. The firm's fifty day simple moving average is $31.64. United Community Banks has a 12 month low of $24.04 and a 12 month high of $35.38. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market cap of $3.79 billion, a PE ratio of 20.64 and a beta of 0.92.

United Community Banks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 16th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.96 annualized dividend and a dividend yield of 3.02%. United Community Banks's dividend payout ratio (DPR) is 62.34%.

Insider Buying and Selling

In other United Community Banks news, CFO Jefferson L. Harralson sold 10,275 shares of United Community Banks stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $27.76, for a total transaction of $285,234.00. Following the transaction, the chief financial officer now owns 43,991 shares of the company's stock, valued at $1,221,190.16. The trade was a 18.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.54% of the stock is owned by insiders.

About United Community Banks

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.