What is DA Davidson’s Estimate for UCB FY2025 Earnings?

United Community Banks, Inc. (NASDAQ:UCB) – Equities research analysts at DA Davidson dropped their FY2025 earnings per share estimates for shares of United Community Banks in a research note issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now anticipates that the company will post earnings of $2.41 per share for the year, down from their prior forecast of $2.43. The consensus estimate for United Community Banks’ current full-year earnings is $2.52 per share. DA Davidson also issued estimates for United Community Banks’ FY2025 earnings at $2.41 EPS.

A number of other equities research analysts have also weighed in on the stock. Piper Sandler boosted their target price on shares of United Community Banks from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Hovde Group reduced their price objective on shares of United Community Banks from $36.00 to $32.00 and set a “market perform” rating on the stock in a research note on Thursday, March 20th. Finally, Raymond James raised United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 target price for the company in a research report on Thursday, December 19th.

United Community Banks Stock Performance

NASDAQ:UCB opened at $24.18 on Friday. The stock’s 50-day moving average is $30.75 and its 200-day moving average is $30.97. The stock has a market cap of $2.89 billion, a P/E ratio of 11.85 and a beta of 0.80. United Community Banks has a 1-year low of $23.41 and a 1-year high of $35.38. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.08.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. bought a new position in shares of United Community Banks in the fourth quarter valued at approximately $450,141,000. FMR LLC bought a new position in United Community Banks in the 4th quarter valued at $310,166,000. Dimensional Fund Advisors LP purchased a new position in shares of United Community Banks during the 4th quarter valued at $195,766,000. Capital Research Global Investors bought a new position in shares of United Community Banks in the fourth quarter worth $148,763,000. Finally, Earnest Partners LLC purchased a new stake in shares of United Community Banks in the fourth quarter worth $113,536,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Insider Activity

In other news, CEO H Lynn Harton sold 31,679 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $33.84, for a total transaction of $1,072,017.36. Following the completion of the transaction, the chief executive officer now directly owns 112,444 shares of the company’s stock, valued at $3,805,104.96. This represents a 21.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sally Pope Davis bought 1,800 shares of the stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $28.19 per share, for a total transaction of $50,742.00. Following the completion of the purchase, the director now owns 3,264 shares of the company’s stock, valued at approximately $92,012.16. This trade represents a 122.95 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.54% of the stock is owned by company insiders.

United Community Banks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend was Friday, March 14th. United Community Banks’s dividend payout ratio (DPR) is presently 47.06%.

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.