$0.55 EPS Expected for United Community Banks, Inc. (UCBI) This Quarter

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Equities analysts expect that United Community Banks, Inc. (NASDAQ:UCBI) will announce earnings of $0.55 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for United Community Banks’ earnings. The lowest EPS estimate is $0.54 and the highest is $0.56. United Community Banks posted earnings of $0.41 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 34.1%. The firm is scheduled to announce its next earnings results after the market closes on Tuesday, October 23rd.

On average, analysts expect that United Community Banks will report full-year earnings of $2.15 per share for the current financial year, with EPS estimates ranging from $2.13 to $2.15. For the next fiscal year, analysts forecast that the business will report earnings of $2.35 per share, with EPS estimates ranging from $2.28 to $2.40. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for United Community Banks.

United Community Banks (NASDAQ:UCBI) last released its quarterly earnings results on Tuesday, July 24th. The financial services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The business had revenue of $130.02 million during the quarter, compared to analyst estimates of $133.24 million. United Community Banks had a return on equity of 10.99% and a net margin of 17.42%. The business’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS.

A number of equities analysts recently weighed in on UCBI shares. Hovde Group set a $34.00 price target on United Community Banks and gave the stock a “buy” rating in a report on Monday, July 30th. Zacks Investment Research raised United Community Banks from a “sell” rating to a “hold” rating in a report on Thursday, September 13th. BidaskClub cut United Community Banks from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 28th. ValuEngine cut United Community Banks from a “hold” rating to a “sell” rating in a report on Friday, September 28th. Finally, SunTrust Banks cut United Community Banks from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $32.50.

Institutional investors have recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of United Community Banks during the second quarter valued at approximately $477,000. Segall Bryant & Hamill LLC raised its holdings in shares of United Community Banks by 107.0% during the second quarter. Segall Bryant & Hamill LLC now owns 601,438 shares of the financial services provider’s stock valued at $18,446,000 after acquiring an additional 310,954 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of United Community Banks by 1,545.5% during the second quarter. Voya Investment Management LLC now owns 1,006,029 shares of the financial services provider’s stock valued at $30,855,000 after acquiring an additional 944,889 shares during the last quarter. Pinebridge Investments L.P. raised its holdings in shares of United Community Banks by 5.0% during the second quarter. Pinebridge Investments L.P. now owns 60,144 shares of the financial services provider’s stock valued at $1,844,000 after acquiring an additional 2,879 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its holdings in shares of United Community Banks by 14.3% during the second quarter. Metropolitan Life Insurance Co. NY now owns 25,412 shares of the financial services provider’s stock valued at $779,000 after acquiring an additional 3,178 shares during the last quarter. 87.99% of the stock is owned by institutional investors and hedge funds.

NASDAQ UCBI opened at $25.90 on Wednesday. The stock has a market capitalization of $2.21 billion, a P/E ratio of 15.89 and a beta of 0.91. United Community Banks has a twelve month low of $25.11 and a twelve month high of $34.18. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.63.

The company also recently announced a quarterly dividend, which was paid on Friday, October 5th. Shareholders of record on Saturday, September 15th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.32%. United Community Banks’s payout ratio is currently 36.81%.

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

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