United Community Banks, Inc. (UCBI) Expected to Post Earnings of $0.50 Per Share

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.

Several brokerages recently issued reports on UCBI. Keefe, Bruyette & Woods upgraded United Community Banks from a “market perform” rating to an “outperform” rating in a report on Thursday, January 25th. BidaskClub upgraded United Community Banks from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. SunTrust Banks reiterated a “buy” rating and set a $33.00 price objective on shares of United Community Banks in a report on Thursday, October 12th. Zacks Investment Research lowered United Community Banks from a “buy” rating to a “hold” rating in a report on Saturday, October 28th. Finally, ValuEngine lowered United Community Banks from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. United Community Banks presently has a consensus rating of “Buy” and a consensus target price of $31.00.

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.

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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.

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Earnings History and Estimates for United Community Banks (NASDAQ:UCBI)

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