Wall Street brokerages expect United Community Banks, Inc. (NASDAQ:UCBI) to post earnings of $0.54 per share for the current quarter, Zacks reports. Three analysts have issued estimates for United Community Banks’ earnings. The highest EPS estimate is $0.56 and the lowest is $0.53. United Community Banks reported earnings per share of $0.50 in the same quarter last year, which indicates a positive year over year growth rate of 8%. The business is scheduled to announce its next earnings results after the market closes on Tuesday, April 23rd.
On average, analysts expect that United Community Banks will report full-year earnings of $2.23 per share for the current fiscal year, with EPS estimates ranging from $2.17 to $2.28. For the next financial year, analysts forecast that the company will post earnings of $2.34 per share, with EPS estimates ranging from $2.27 to $2.38. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for United Community Banks.
United Community Banks (NASDAQ:UCBI) last issued its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.02. United Community Banks had a return on equity of 12.27% and a net margin of 27.81%. The firm had revenue of $135.82 million during the quarter, compared to the consensus estimate of $137.89 million. During the same period last year, the business posted $0.42 EPS. The business’s revenue was up 14.9% compared to the same quarter last year.
A number of analysts have weighed in on UCBI shares. BidaskClub upgraded United Community Banks from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th. Zacks Investment Research downgraded shares of United Community Banks from a “hold” rating to a “sell” rating in a report on Wednesday, December 26th. Raymond James downgraded shares of United Community Banks from an “outperform” rating to a “market perform” rating in a report on Monday, January 7th. Stephens reaffirmed a “hold” rating and set a $27.00 price objective on shares of United Community Banks in a report on Wednesday, January 23rd. Finally, SunTrust Banks lifted their price objective on shares of United Community Banks to $29.00 and gave the stock a “hold” rating in a report on Friday, January 25th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $29.33.
Shares of United Community Banks stock opened at $26.03 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.82 and a quick ratio of 0.81. United Community Banks has a 1-year low of $20.23 and a 1-year high of $34.18. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 12.16 and a beta of 1.22.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Thursday, March 14th. United Community Banks’s dividend payout ratio is currently 29.91%.
In other United Community Banks news, insider Bill M. Gilbert sold 4,246 shares of the business’s stock in a transaction on Tuesday, January 29th. The shares were sold at an average price of $26.17, for a total value of $111,117.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Bradley J. Miller sold 8,627 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $29.16, for a total transaction of $251,563.32. The disclosure for this sale can be found here. Insiders have sold a total of 15,836 shares of company stock valued at $439,808 over the last ninety days. 1.18% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of UCBI. Public Employees Retirement System of Ohio lifted its stake in United Community Banks by 60.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,218 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 458 shares during the last quarter. Toronto Dominion Bank bought a new stake in United Community Banks in the fourth quarter worth $28,000. Oregon Public Employees Retirement Fund bought a new stake in United Community Banks in the fourth quarter worth $30,000. Private Capital Group LLC lifted its stake in United Community Banks by 210.7% in the fourth quarter. Private Capital Group LLC now owns 1,793 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 1,216 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in United Community Banks in the fourth quarter worth $150,000. 89.40% of the stock is owned by institutional investors and hedge funds.
United Community Banks Company Profile
United Community Banks, Inc operates as the bank holding company for United Community Bank that provides retail and corporate banking services to individuals and businesses. It offers various deposit accounts, such as checking accounts, savings and time deposits accounts, NOW accounts, money market deposits, and certificates of deposit.
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