United Community Banks (NASDAQ:UCB - Get Free Report) posted its earnings results on Wednesday. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.05, Briefing.com reports. United Community Banks had a return on equity of 8.64% and a net margin of 16.48%. United Community Banks's revenue for the quarter was up 6.1% compared to the same quarter last year.
United Community Banks Stock Performance
Shares of UCB traded up $0.18 during trading hours on Friday, reaching $31.55. 805,838 shares of the company's stock traded hands, compared to its average volume of 731,105. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 15.46 and a beta of 0.78. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.78 and a quick ratio of 0.78. United Community Banks has a twelve month low of $22.93 and a twelve month high of $35.38. The business's fifty day simple moving average is $29.80 and its two-hundred day simple moving average is $29.63.
United Community Banks Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Sunday, June 15th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Friday, June 13th. United Community Banks's dividend payout ratio (DPR) is 45.50%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. bought a new position in United Community Banks during the first quarter valued at about $67,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in United Community Banks by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 71,211 shares of the company's stock valued at $2,003,000 after buying an additional 3,115 shares in the last quarter. Royal Bank of Canada boosted its stake in United Community Banks by 7.0% during the first quarter. Royal Bank of Canada now owns 55,319 shares of the company's stock valued at $1,557,000 after buying an additional 3,617 shares in the last quarter. Strs Ohio bought a new position in United Community Banks during the first quarter valued at about $177,000. Finally, United Services Automobile Association bought a new position in United Community Banks during the first quarter valued at about $204,000. Institutional investors own 82.29% of the company's stock.
Analysts Set New Price Targets
Several analysts have commented on the company. Hovde Group lifted their price target on United Community Banks from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday. Stephens reaffirmed an "overweight" rating and issued a $36.00 target price on shares of United Community Banks in a research report on Wednesday, April 23rd. Keefe, Bruyette & Woods dropped their price target on United Community Banks from $35.00 to $32.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 30th. DA Davidson upped their price target on United Community Banks from $34.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Raymond James Financial reissued a "market perform" rating on shares of United Community Banks in a research report on Tuesday, July 8th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $34.29.
Check Out Our Latest Research Report on UCB
United Community Banks Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider United Community Banks, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Community Banks wasn't on the list.
While United Community Banks currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
