Research Analysts Set Expectations for UCB FY2025 Earnings

United Community Banks, Inc. (NASDAQ:UCB) – DA Davidson cut their FY2025 earnings estimates for shares of United Community Banks in a report released on Wednesday, April 2nd. DA Davidson analyst G. Tenner now expects that the company will earn $2.41 per share for the year, down from their prior estimate 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.

Several other research firms also recently commented on UCB. Raymond James upgraded United Community Banks from a “market perform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a report on Thursday, December 19th. Hovde Group reduced their price target on United Community Banks from $36.00 to $32.00 and set a “market perform” rating on the stock in a research report on Thursday, March 20th. Finally, Piper Sandler boosted their price objective on United Community Banks from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd.

United Community Banks Stock Performance

United Community Banks stock opened at $24.18 on Friday. The firm has a fifty day simple moving average of $30.75 and a two-hundred day simple moving average of $30.97. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.08. United Community Banks has a twelve month low of $23.41 and a twelve month high of $35.38. The company has a market capitalization of $2.89 billion, a PE ratio of 11.85 and a beta of 0.80.

Institutional Trading of United Community Banks

Institutional investors and hedge funds have recently bought and sold shares of the stock. Moody National Bank Trust Division bought a new position in shares of United Community Banks in the 1st quarter worth approximately $654,000. Versant Capital Management Inc purchased a new stake in United Community Banks in the first quarter worth $37,000. MassMutual Private Wealth & Trust FSB bought a new position in United Community Banks in the first quarter worth $45,000. Wellington Management Group LLP purchased a new position in United Community Banks during the fourth quarter valued at $11,492,000. Finally, California State Teachers Retirement System purchased a new position in United Community Banks during the fourth quarter valued at $3,602,000. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at United Community Banks

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

United Community Banks Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.97%. United Community Banks’s dividend payout ratio is currently 47.06%.

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.