DA Davidson Equities Analysts Lower Earnings Estimates for United Community Banks, Inc. (NASDAQ:UCBI)

United Community Banks, Inc. (NASDAQ:UCBI) – Analysts at DA Davidson dropped their FY2025 earnings estimates for shares of United Community Banks in a report issued on Thursday, June 27th. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings per share of $2.39 for the year, down from their previous forecast of $2.41. The consensus estimate for United Community Banks’ current full-year earnings is $2.12 per share.

United Community Banks (NASDAQ:UCBI) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. United Community Banks had a return on equity of 8.02% and a net margin of 13.62%. The firm had revenue of $225.80 million for the quarter, compared to analyst estimates of $232.00 million. During the same period in the previous year, the company posted $0.58 earnings per share. The company’s quarterly revenue was down 6.6% compared to the same quarter last year.

A number of other brokerages have also recently issued reports on UCBI. Truist Financial dropped their price objective on shares of United Community Banks from $31.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, April 1st. Piper Sandler cut their price target on shares of United Community Banks from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $30.60.

United Community Banks Stock Performance

UCBI opened at $25.46 on Monday. The stock has a market cap of $3.03 billion, a PE ratio of 16.53 and a beta of 0.92. United Community Banks has a 1 year low of $21.63 and a 1 year high of $30.75. The stock’s 50 day simple moving average is $25.64 and its 200-day simple moving average is $26.57. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.10.

Hedge Funds Weigh In On United Community Banks

Several institutional investors have recently bought and sold shares of the business. Inspire Investing LLC raised its holdings in shares of United Community Banks by 3.8% in the first quarter. Inspire Investing LLC now owns 13,546 shares of the financial services provider’s stock valued at $357,000 after buying an additional 496 shares during the last quarter. FinTrust Capital Advisors LLC raised its stake in shares of United Community Banks by 12.5% in the fourth quarter. FinTrust Capital Advisors LLC now owns 4,493 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 500 shares during the last quarter. Family Legacy Inc. lifted its position in shares of United Community Banks by 1.6% during the fourth quarter. Family Legacy Inc. now owns 33,543 shares of the financial services provider’s stock worth $981,000 after purchasing an additional 516 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of United Community Banks by 2.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 24,218 shares of the financial services provider’s stock valued at $709,000 after purchasing an additional 583 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in shares of United Community Banks by 9.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 8,359 shares of the financial services provider’s stock valued at $220,000 after purchasing an additional 704 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

United Community Banks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Saturday, June 15th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, June 14th. This represents a $0.92 dividend on an annualized basis and a yield of 3.61%. United Community Banks’s dividend payout ratio (DPR) is presently 59.74%.

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.