Equities research analysts expect United Community Banks, Inc. (NASDAQ:UCBI) to report $0.58 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for United Community Banks’ earnings, with the highest EPS estimate coming in at $0.59 and the lowest estimate coming in at $0.57. United Community Banks reported earnings per share of $0.57 during the same quarter last year, which would indicate a positive year over year growth rate of 1.8%. The company is expected to issue its next earnings report after the market closes on Tuesday, January 21st.
On average, analysts expect that United Community Banks will report full year earnings of $2.36 per share for the current year, with EPS estimates ranging from $2.34 to $2.37. For the next financial year, analysts expect that the business will post earnings of $2.28 per share, with EPS estimates ranging from $2.20 to $2.31. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow United Community Banks.
United Community Banks (NASDAQ:UCBI) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.05. United Community Banks had a net margin of 27.87% and a return on equity of 12.24%. The firm had revenue of $148.37 million during the quarter, compared to the consensus estimate of $143.91 million. During the same period last year, the firm posted $0.55 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis.
A number of research firms have issued reports on UCBI. SunTrust Banks lifted their price objective on United Community Banks from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Stephens reissued a “hold” rating and issued a $29.00 price target on shares of United Community Banks in a research report on Tuesday, October 22nd. Hovde Group lowered United Community Banks from an “outperform” rating to a “market perform” rating and set a $33.00 price target for the company. in a research report on Monday, December 16th. Zacks Investment Research raised United Community Banks from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Friday, December 6th. Finally, ValuEngine lowered United Community Banks from a “hold” rating to a “sell” rating in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. United Community Banks currently has an average rating of “Hold” and an average target price of $32.60.
NASDAQ:UCBI opened at $29.72 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.85 and a quick ratio of 0.85. United Community Banks has a 1 year low of $23.17 and a 1 year high of $31.66. The stock’s 50 day simple moving average is $30.74 and its two-hundred day simple moving average is $28.94. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 13.89 and a beta of 1.28.
The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 16th were given a dividend of $0.18 per share. This is a positive change from United Community Banks’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Friday, December 13th. United Community Banks’s dividend payout ratio (DPR) is currently 33.64%.
In other news, CAO Alan H. Kumler sold 2,924 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $31.00, for a total transaction of $90,644.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.18% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mason Street Advisors LLC raised its holdings in shares of United Community Banks by 1.8% during the third quarter. Mason Street Advisors LLC now owns 26,852 shares of the financial services provider’s stock valued at $761,000 after acquiring an additional 469 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of United Community Banks by 0.6% during the 3rd quarter. New York State Teachers Retirement System now owns 105,907 shares of the financial services provider’s stock valued at $3,002,000 after purchasing an additional 600 shares in the last quarter. First Mercantile Trust Co. raised its holdings in shares of United Community Banks by 33.3% during the 3rd quarter. First Mercantile Trust Co. now owns 2,503 shares of the financial services provider’s stock valued at $71,000 after purchasing an additional 625 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of United Community Banks by 20.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,837 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 805 shares in the last quarter. Finally, Nachman Norwood & Parrott Inc raised its holdings in United Community Banks by 0.5% in the 3rd quarter. Nachman Norwood & Parrott Inc now owns 155,385 shares of the financial services provider’s stock worth $4,405,000 after acquiring an additional 849 shares during the period. Institutional investors and hedge funds own 90.86% of the company’s stock.
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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