Equities research analysts expect United Community Banks, Inc. (NASDAQ:UCBI) to report earnings per share of $0.55 for the current quarter, Zacks reports. Three analysts have made estimates for United Community Banks’ earnings. The highest EPS estimate is $0.56 and the lowest is $0.54. United Community Banks reported earnings of $0.41 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 34.1%. The business is scheduled to report its next quarterly earnings results after the market closes on Tuesday, October 23rd.
According to Zacks, analysts expect that United Community Banks will report full-year earnings of $2.15 per share for the current fiscal year, with EPS estimates ranging from $2.13 to $2.15. For the next year, analysts anticipate that the firm will post earnings of $2.35 per share, with EPS estimates ranging from $2.28 to $2.40. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for United Community Banks.
United Community Banks (NASDAQ:UCBI) last posted its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). United Community Banks had a return on equity of 10.99% and a net margin of 17.42%. The firm had revenue of $130.02 million during the quarter, compared to analyst estimates of $133.24 million. During the same period in the prior year, the business posted $0.41 EPS. The company’s revenue for the quarter was up 20.3% on a year-over-year basis.
A number of research firms have recently weighed in on UCBI. Zacks Investment Research upgraded shares of United Community Banks from a “sell” rating to a “hold” rating in a report on Friday, September 28th. BidaskClub downgraded shares of United Community Banks from a “hold” rating to a “sell” rating in a report on Saturday, July 14th. FIG Partners restated an “outperform” rating on shares of United Community Banks in a report on Thursday, September 20th. SunTrust Banks downgraded shares of United Community Banks from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Finally, ValuEngine downgraded shares of United Community Banks from a “hold” rating to a “sell” rating in a report on Friday, September 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.50.
UCBI stock opened at $25.90 on Wednesday. United Community Banks has a 12-month low of $25.11 and a 12-month high of $34.18. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.85 and a quick ratio of 0.84. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 15.89 and a beta of 0.91.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 5th. Stockholders 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 dividend payout ratio is currently 36.81%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Itau Unibanco Holding S.A. bought a new position in United Community Banks in the 2nd quarter worth $108,000. Mount Yale Investment Advisors LLC bought a new position in United Community Banks in the 1st quarter worth $114,000. SG Americas Securities LLC bought a new position in United Community Banks in the 1st quarter worth $153,000. Intrust Bank NA bought a new position in United Community Banks in the 2nd quarter worth $209,000. Finally, Cubist Systematic Strategies LLC bought a new position in United Community Banks in the 2nd quarter worth $216,000. Hedge funds and other institutional investors own 87.99% 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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