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Sally Pope Davis, a director at United Community Banks Inc. (NASDAQ:NYSE:UCB), recently increased her stake in the company by purchasing 1,800 shares of common stock. This transaction, which took place on March 11, 2025, was executed at an average price of $28.19 per share, resulting in a total investment of $50,742. The purchase comes as InvestingPro data shows the stock trading at an attractive P/E ratio of 13.8x, with technical indicators suggesting oversold conditions.
Following this acquisition, Davis now holds a total of 3,264 shares in the bank. The purchase was made through multiple transactions, with prices ranging from $28.135 to $28.22 per share. Davis’s investment reflects her continued confidence in the financial institution, which is headquartered in Greenville, South Carolina. The company maintains a strong dividend track record, having raised payments for 11 consecutive years, with a current yield of 3.4%. According to InvestingPro, which offers comprehensive analysis and Fair Value estimates for over 1,400 US stocks, six analysts have recently revised their earnings expectations upward for the upcoming period.
In other recent news, United Community Banks reported fourth-quarter earnings that surpassed analyst expectations, with adjusted earnings per share reaching $0.63, above the consensus estimate of $0.56. However, revenue fell short of projections, coming in at $239.47 million compared to the anticipated $243.04 million. Net income for the quarter saw a significant increase to $75.8 million from $14.1 million in the same period last year, largely due to higher net interest income and noninterest income, along with a reduced provision for credit losses.
Additionally, Raymond (NSE:RYMD) James analyst Michael Rose raised the price target for United Community Banks to $37.00 from $35.00, maintaining an Outperform rating. The analyst noted strong loan and average earning asset growth, which helped offset a lower net interest margin. Despite weaker-than-expected deposit growth, the company exhibited stable credit metrics and a slight increase in tangible common equity.
In executive news, United Community Banks extended an employment agreement with Richard W. Bradshaw, who will continue as Executive Vice President and Chief Banking Officer. The new contract includes a base salary of at least $675,000 and incentives aligned with those of other executive officers. This agreement reflects the company’s commitment to retaining its senior leadership and ensuring stability within its management team.
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