Research Analysts Set Expectations for UCB Q4 Earnings

United Community Banks, Inc. (NASDAQ:UCB) – Equities research analysts at DA Davidson upped their Q4 2024 EPS estimates for shares of United Community Banks in a research report issued on Thursday, December 19th. DA Davidson analyst G. Tenner now anticipates that the company will post earnings of $0.59 per share for the quarter, up from their prior estimate of $0.58. The consensus estimate for United Community Banks’ current full-year earnings is $2.23 per share.

United Community Banks (NASDAQ:UCB) last posted 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). The firm had revenue of $384.39 million for the quarter, compared to the consensus estimate of $237.90 million. United Community Banks had a net margin of 13.04% and a return on equity of 8.36%. During the same quarter in the prior year, the company posted $0.45 earnings per share.

Several other equities research analysts have also issued reports on UCB. Raymond James upgraded shares of 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. Truist Financial reduced their price objective 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. Finally, Piper Sandler dropped their target price on United Community Banks from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, October 25th.

United Community Banks Stock Performance

NASDAQ UCB opened at $31.60 on Friday. The company has a market cap of $3.77 billion, a P/E ratio of 20.52 and a beta of 0.92. The firm’s 50 day moving average is $31.59. United Community Banks has a fifty-two week low of $24.04 and a fifty-two week 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 0.10.

Insider Activity at United Community Banks

In other news, CFO Jefferson L. Harralson sold 10,275 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $27.76, for a total transaction of $285,234.00. Following the transaction, the chief financial officer now owns 43,991 shares of the company’s stock, valued at approximately $1,221,190.16. This represents a 18.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is currently owned by company insiders.

United Community Banks Dividend Announcement

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

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.