Wall Street analysts expect that United Community Banks, Inc. (NASDAQ:UCBI) will announce earnings of $0.50 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for United Community Banks’ earnings. The highest EPS estimate is $0.51 and the lowest is $0.49. United Community Banks posted earnings of $0.39 per share in the same quarter last year, which suggests a positive year over year growth rate of 28.2%. The business is scheduled to announce its next earnings report on Wednesday, April 25th.
According to Zacks, analysts expect that United Community Banks will report full-year earnings of $2.18 per share for the current fiscal year, with EPS estimates ranging from $2.03 to $2.30. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.49 per share, with EPS estimates ranging from $2.32 to $2.60. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow United Community Banks.
United Community Banks (NASDAQ:UCBI) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. United Community Banks had a return on equity of 10.12% and a net margin of 14.14%. The company had revenue of $118.24 million during the quarter, compared to analyst estimates of $118.26 million. During the same quarter in the prior year, the company earned $0.40 earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis.
Shares of United Community Banks (NASDAQ UCBI) traded down $0.12 during trading hours on Friday, hitting $31.68. The company had a trading volume of 233,202 shares, compared to its average volume of 537,301. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.48. United Community Banks has a twelve month low of $24.47 and a twelve month high of $32.71. The stock has a market capitalization of $2,347.49, a price-to-earnings ratio of 33.70 and a beta of 0.89.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 15th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.26%. United Community Banks’s dividend payout ratio is 42.55%.
A number of institutional investors have recently bought and sold shares of UCBI. Schwab Charles Investment Management Inc. increased its position in United Community Banks by 0.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 477,822 shares of the financial services provider’s stock worth $13,284,000 after buying an additional 4,382 shares during the last quarter. Swiss National Bank increased its position in United Community Banks by 2.8% during the second quarter. Swiss National Bank now owns 113,700 shares of the financial services provider’s stock worth $3,161,000 after buying an additional 3,100 shares during the last quarter. Riverhead Capital Management LLC increased its position in United Community Banks by 134.3% during the second quarter. Riverhead Capital Management LLC now owns 5,390 shares of the financial services provider’s stock worth $150,000 after buying an additional 3,090 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in United Community Banks by 9.9% during the second quarter. TIAA CREF Investment Management LLC now owns 382,482 shares of the financial services provider’s stock worth $10,633,000 after buying an additional 34,502 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in United Community Banks by 8.0% during the second quarter. Nationwide Fund Advisors now owns 276,376 shares of the financial services provider’s stock worth $7,683,000 after buying an additional 20,372 shares during the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.
United Community Banks Company Profile
United Community Banks, Inc (United) is a bank holding company. United conducts its operations through a community-focused operating model of separate community banks, which, as of December 31, 2016, operated at 139 locations throughout the Atlanta-Sandy Springs-Roswell, Georgia, and Gainesville, Georgia metropolitan statistical areas, upstate and coastal South Carolina, north and coastal Georgia, western North Carolina, and east Tennessee.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for United Community Banks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Community Banks and related companies with MarketBeat.com's FREE daily email newsletter.