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Richard Bradshaw, EVP and Chief Banking Officer at United Community Banks Inc. (NASDAQ:NYSE:UCB), recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Bradshaw sold a total of 1,527 shares of common stock on January 27, 2025. The shares were sold at prices ranging from $32.724 to $32.79, amounting to a total transaction value of $49,969. The transaction comes as UCB, with a market capitalization of $3.98 billion, trades near its 52-week high of $35.38. InvestingPro analysis indicates the stock is currently overvalued based on its Fair Value assessment.
Following these transactions, Bradshaw retains ownership of 67,876 shares of United Community Banks. The sales were conducted under a pre-established 10b5-1 trading plan, as noted in the filing. The bank maintains a solid dividend track record, with a current yield of 2.91% and 11 consecutive years of dividend payments. InvestingPro subscribers can access additional insights, including 8 more ProTips and comprehensive insider trading analysis in the Pro Research Report, available for over 1,400 US stocks.
In other recent news, United Community Banks reported fourth-quarter earnings that surpassed analyst expectations. The bank posted adjusted earnings per share of $0.63, notably higher than the consensus estimate of $0.56. However, revenue for the same period was $239.47 million, slightly below the projected $243.04 million. Net income for the quarter rose to $75.8 million, a significant increase from $14.1 million in the same period the previous year. This rise was primarily attributed to higher net interest income, increased noninterest income, and a reduced provision for credit losses. In light of these developments, Raymond (NSE:RYMD) James has revised its earnings per share estimates upwards for United Community Banks. The bank's future outlook includes expectations of mid single-digit annualized loan growth and expansion in Net Interest Margin (NIM). These recent developments underscore United Community Banks' potential to benefit from a deregulatory environment and continue expanding its market share.
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