United Community Banks (NASDAQ:UCBI) will be issuing its quarterly earnings data after the market closes on Tuesday, January 23rd. Analysts expect the company to announce earnings of $0.41 per share for the quarter.
United Community Banks (NASDAQ:UCBI) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.41 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. United Community Banks had a return on equity of 10.31% and a net margin of 23.09%. The business had revenue of $109.35 million for the quarter, compared to analyst estimates of $114.65 million. During the same quarter in the prior year, the firm posted $0.36 EPS. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, analysts expect United Community Banks to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of United Community Banks (NASDAQ:UCBI) opened at $30.94 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.80. United Community Banks has a 52-week low of $24.47 and a 52-week high of $31.37. The company has a market capitalization of $2,310.00, a P/E ratio of 21.05 and a beta of 0.89.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 15th were given a $0.10 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.40 annualized dividend and a yield of 1.29%. United Community Banks’s dividend payout ratio is presently 27.21%.
UCBI has been the subject of several research analyst reports. ValuEngine downgraded United Community Banks from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Zacks Investment Research downgraded United Community Banks from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. BidaskClub downgraded United Community Banks from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $33.00 target price on shares of United Community Banks in a research note on Thursday, October 12th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. United Community Banks has a consensus rating of “Buy” and an average price target of $31.00.
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About United Community Banks
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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