What is DA Davidson’s Estimate for UCB Q4 Earnings?

United Community Banks, Inc. (NASDAQ:UCB) – Investment analysts at DA Davidson boosted their Q4 2024 earnings per share estimates for shares of United Community Banks in a note issued to investors on Thursday, December 19th. DA Davidson analyst G. Tenner now forecasts that the company will earn $0.59 per share for the quarter, up from their previous forecast of $0.58. The consensus estimate for United Community Banks’ current full-year earnings is $2.23 per share.

A number of other research firms also recently commented on UCB. Truist Financial cut their target price on shares of United Community Banks from $32.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, October 25th. Piper Sandler cut their price objective on shares of United Community Banks from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, 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.

United Community Banks Stock Up 1.8 %

UCB opened at $31.60 on Friday. 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 business’s fifty day moving average price is $31.59. The stock has a market cap of $3.77 billion, a P/E ratio of 20.52 and a beta of 0.92. United Community Banks has a 52 week low of $24.04 and a 52 week high of $35.38.

United Community Banks (NASDAQ:UCB) last issued its earnings results on Wednesday, October 23rd. The company reported $0.57 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 company had revenue of $384.39 million during the quarter, compared to the consensus estimate of $237.90 million. During the same quarter in the prior year, the company earned $0.45 earnings per share.

United Community Banks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.96 annualized dividend and a dividend yield of 3.04%. United Community Banks’s dividend payout ratio is presently 62.34%.

Insider Activity

In other news, CFO Jefferson L. Harralson sold 10,275 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.54% of the company’s stock.

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.