Wall Street brokerages predict that United Community Bank, Inc. (NASDAQ:UCBI) will announce earnings per share (EPS) of $0.51 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for United Community Bank’s earnings, with estimates ranging from $0.50 to $0.51. United Community Bank reported earnings per share of $0.39 during the same quarter last year, which would suggest a positive year over year growth rate of 30.8%. The firm is scheduled to report its next quarterly earnings results after the market closes on Tuesday, April 24th.
According to Zacks, analysts expect that United Community Bank will report full year earnings of $2.21 per share for the current financial year, with EPS estimates ranging from $2.11 to $2.30. For the next financial year, analysts forecast that the business will report earnings of $2.46 per share, with EPS estimates ranging from $2.31 to $2.60. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow United Community Bank.
United Community Bank (NASDAQ:UCBI) last posted its earnings results on Tuesday, January 23rd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. United Community Bank had a return on equity of 10.12% and a net margin of 14.14%. The firm had revenue of $118.24 million for the quarter, compared to analyst estimates of $118.26 million. During the same quarter in the prior year, the company earned $0.40 EPS. United Community Bank’s revenue was up 11.4% on a year-over-year basis.
Several research firms recently issued reports on UCBI. BidaskClub raised United Community Bank from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 21st. Zacks Investment Research lowered United Community Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Keefe, Bruyette & Woods raised United Community Bank from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 25th. Finally, ValuEngine lowered United Community Bank from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $31.00.
UCBI traded up $0.58 during mid-day trading on Wednesday, hitting $31.81. 228,594 shares of the stock were exchanged, compared to its average volume of 515,274. United Community Bank has a 1-year low of $24.47 and a 1-year high of $33.60. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.48. The firm has a market cap of $2,470.57, a price-to-earnings ratio of 19.68 and a beta of 0.87.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Shareholders of record on Thursday, March 15th were given a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.51%. This is a positive change from United Community Bank’s previous quarterly dividend of $0.10. United Community Bank’s dividend payout ratio (DPR) is currently 29.45%.
A number of hedge funds have recently bought and sold shares of the business. Xact Kapitalforvaltning AB acquired a new stake in United Community Bank in the 4th quarter valued at about $263,000. Segall Bryant & Hamill LLC acquired a new stake in United Community Bank in the 4th quarter valued at about $6,781,000. MetLife Investment Advisors LLC acquired a new stake in United Community Bank in the 4th quarter valued at about $971,000. Glenmede Trust Co. NA raised its position in United Community Bank by 6.6% in the 4th quarter. Glenmede Trust Co. NA now owns 1,601,140 shares of the financial services provider’s stock valued at $45,053,000 after purchasing an additional 99,383 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new stake in United Community Bank in the 4th quarter valued at about $290,000. 82.66% of the stock is currently owned by institutional investors.
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United Community Bank 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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