United Overseas Bank Ltd (OTCMKTS:UOVEY) – Investment analysts at Jefferies Group increased their FY2019 EPS estimates for shares of United Overseas Bank in a research report issued to clients and investors on Monday. Jefferies Group analyst K. Guha now anticipates that the company will post earnings per share of $3.91 for the year, up from their previous estimate of $3.51.
Separately, Zacks Investment Research upgraded shares of United Overseas Bank from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Wednesday.
The business also recently disclosed a None dividend, which will be paid on Monday, June 25th. Shareholders of record on Friday, April 27th will be given a dividend of $0.987 per share. The ex-dividend date is Thursday, April 26th. United Overseas Bank’s dividend payout ratio (DPR) is presently 11.05%.
About United Overseas Bank
United Overseas Bank Limited is a bank in Asia. The Company provides financial services across the globe through its segments, which include Group Retail (GR), Group Wholesale Banking (GWB), Global Markets (GM) and Others. GR segment covers personal and small enterprise customers. GWB encompasses corporate and institutional client segments, which include medium and large enterprises, local corporations, multi-national corporations, financial institutions, government-linked entities, financial sponsors and property funds.
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