DA Davidson Has Negative Forecast for UCB FY2025 Earnings

United Community Banks, Inc. (NASDAQ:UCB) – Equities researchers at DA Davidson reduced their FY2025 EPS estimates for United Community Banks in a research report issued on Thursday, December 19th. DA Davidson analyst G. Tenner now expects that the company will post earnings of $2.37 per share for the year, down from their prior forecast of $2.40. The consensus estimate for United Community Banks’ current full-year earnings is $2.23 per share.

UCB has been the topic of a number of other reports. Truist Financial cut their price target 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 target price 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 raised shares of United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a report on Thursday, December 19th.

United Community Banks Trading Up 0.6 %

NASDAQ:UCB opened at $31.79 on Monday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.10. United Community Banks has a 1-year low of $24.04 and a 1-year high of $35.38. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 20.64 and a beta of 0.92. The firm has a 50-day moving average of $31.64.

United Community Banks (NASDAQ:UCB) last issued its earnings results on Wednesday, October 23rd. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). United Community Banks had a net margin of 13.04% and a return on equity of 8.36%. The business had revenue of $384.39 million for the quarter, compared to the consensus estimate of $237.90 million. During the same quarter in the previous year, the firm posted $0.45 EPS.

United Community Banks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders 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 yield of 3.02%. United Community Banks’s dividend payout ratio (DPR) is currently 62.34%.

Insider Buying and Selling at United Community Banks

In other news, CFO Jefferson L. Harralson sold 10,275 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $27.76, for a total value of $285,234.00. Following the sale, the chief financial officer now directly owns 43,991 shares in the company, 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 SEC, which is available at the SEC website. 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.