DA Davidson has adjusted its price target for United Community Banks (UCB, Financial), reducing it from $38 to $33, while maintaining a Buy rating on the stock following the company's better-than-expected first-quarter earnings report.
The financial firm believes that United Community Banks is in a strong position to enhance both its top line and total revenue, as well as its earnings per share (EPS) through 2025 and 2026. This optimistic outlook is supported by anticipated growth in net interest margin and the bank's advantageous market conditions, which are likely to drive loan production.
However, DA Davidson's decision to lower the price target accounts for a decrease in non-interest earnings, which the firm indicated in its analysis. Despite this adjustment, the overall sentiment remains positive, given the bank's promising growth prospects in the coming years.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for United Community Banks Inc (UCB, Financial) is $32.64 with a high estimate of $35.00 and a low estimate of $29.00. The average target implies an upside of 21.60% from the current price of $26.85. More detailed estimate data can be found on the United Community Banks Inc (UCB) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, United Community Banks Inc's (UCB, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
