Wall Street brokerages expect that United Community Banks, Inc. (NASDAQ:UCBI) will report $137.77 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for United Community Banks’ earnings. The lowest sales estimate is $137.20 million and the highest is $138.40 million. United Community Banks posted sales of $119.44 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 15.3%. The business is expected to announce its next earnings report on Tuesday, January 22nd.
On average, analysts expect that United Community Banks will report full year sales of $532.00 million for the current year, with estimates ranging from $531.50 million to $532.30 million. For the next financial year, analysts expect that the business will report sales of $565.53 million, with estimates ranging from $560.60 million to $572.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for United Community Banks.
United Community Banks (NASDAQ:UCBI) last issued its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.55. United Community Banks had a return on equity of 11.64% and a net margin of 19.16%. The company had revenue of $134.50 million during the quarter, compared to analysts’ expectations of $136.53 million. During the same period last year, the business earned $0.41 earnings per share. The business’s revenue was up 23.1% on a year-over-year basis.
A number of research analysts recently issued reports on UCBI shares. BidaskClub cut United Community Banks from a “hold” rating to a “sell” rating in a report on Saturday, July 14th. Hovde Group set a $34.00 price target on United Community Banks and gave the company 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 Tuesday, August 21st. FIG Partners reaffirmed an “outperform” rating on shares of United Community Banks in a report on Thursday, September 20th. Finally, ValuEngine cut United Community Banks from a “hold” rating to a “sell” rating in a report on Friday, September 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.40.
Shares of United Community Banks stock traded up $0.38 during trading on Monday, reaching $25.84. The company’s stock had a trading volume of 480,877 shares, compared to its average volume of 455,957. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.42. United Community Banks has a one year low of $22.83 and a one year high of $34.18. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 12.67 and a beta of 0.99.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Shareholders of record on Saturday, December 15th will be issued a dividend of $0.16 per share. This is a boost from United Community Banks’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, December 13th. United Community Banks’s payout ratio is currently 36.81%.
Large investors have recently made changes to their positions in the business. Itau Unibanco Holding S.A. bought a new stake in United Community Banks during the 2nd quarter worth about $108,000. WINTON GROUP Ltd bought a new stake in United Community Banks during the 3rd quarter worth about $203,000. Intrust Bank NA bought a new stake in United Community Banks during the 2nd quarter worth about $209,000. Assenagon Asset Management S.A. bought a new stake in United Community Banks during the 3rd quarter worth about $214,000. Finally, Cubist Systematic Strategies LLC bought a new stake in United Community Banks during the 2nd quarter worth about $216,000. 87.92% of the stock is owned by hedge funds and other institutional investors.
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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