Q4 EPS Forecast for United Community Banks Lifted by Analyst

United Community Banks, Inc. (NASDAQ:UCB) – Stock analysts at DA Davidson lifted their Q4 2024 earnings per share estimates for shares of United Community Banks in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst G. Tenner now expects that the company will post earnings of $0.59 per share for the quarter, up from their previous estimate of $0.58. 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. Piper Sandler cut their price target on United Community Banks from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Truist Financial reduced their target price on United Community Banks from $32.00 to $30.00 and set a “hold” rating for the company 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 objective on the stock in a research report on Thursday.

United Community Banks Price Performance

NASDAQ:UCB opened at $31.60 on Friday. The company has a market cap of $3.77 billion, a PE ratio of 20.52 and a beta of 0.92. United Community Banks has a fifty-two week low of $24.04 and a fifty-two week high of $35.38. The company’s 50-day simple moving average is $31.59. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.78 and a quick ratio of 0.78.

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

United Community Banks Dividend Announcement

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

Insiders Place Their Bets

In other 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 value of $285,234.00. Following the completion of 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 legal filing with the SEC, which is available through this link. Corporate 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.