Q3 2024 EPS Estimates for United Community Banks, Inc. Cut by DA Davidson (NASDAQ:UCB)

United Community Banks, Inc. (NASDAQ:UCB) – Investment analysts at DA Davidson lowered their Q3 2024 EPS estimates for United Community Banks in a research note issued on Thursday, October 3rd. DA Davidson analyst G. Tenner now forecasts that the company will earn $0.60 per share for the quarter, down from their previous forecast of $0.61. The consensus estimate for United Community Banks’ current full-year earnings is $2.25 per share.

Separately, Truist Financial increased their target price on shares of United Community Banks from $31.00 to $32.00 and gave the stock a “hold” rating in a research report on Friday, September 20th.

United Community Banks Stock Performance

Shares of NASDAQ UCB opened at $28.41 on Friday. United Community Banks has a 52-week low of $21.63 and a 52-week high of $31.96. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.79 and a current ratio of 0.80. The firm’s fifty day moving average is $29.01. The company has a market capitalization of $3.39 billion, a PE ratio of 13.36 and a beta of 0.89.

United Community Banks (NASDAQ:UCB) last posted its earnings results on Wednesday, July 24th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.51 by $0.07. The business had revenue of $245.26 million during the quarter, compared to the consensus estimate of $237.80 million. United Community Banks had a return on equity of 8.04% and a net margin of 13.36%.

United Community Banks Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 16th were given a dividend of $0.24 per share. The ex-dividend date was Monday, September 16th. This is a positive change from United Community Banks’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 3.38%.

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.