Equities analysts expect United Community Banks, Inc. (NASDAQ:UCBI) to report sales of $144.08 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for United Community Banks’ earnings. The highest sales estimate is $146.60 million and the lowest is $141.22 million. United Community Banks posted sales of $137.92 million in the same quarter last year, which indicates a positive year over year growth rate of 4.5%. The business is scheduled to announce its next quarterly earnings report on Tuesday, January 28th.
On average, analysts expect that United Community Banks will report full-year sales of $569.81 million for the current year, with estimates ranging from $562.42 million to $573.80 million. For the next fiscal year, analysts forecast that the firm will post sales of $585.41 million, with estimates ranging from $578.44 million to $593.00 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for United Community Banks.
United Community Banks (NASDAQ:UCBI) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The firm had revenue of $148.37 million for the quarter, compared to the consensus estimate of $143.91 million. United Community Banks had a net margin of 27.87% and a return on equity of 12.24%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 EPS.
UCBI has been the topic of several analyst reports. DA Davidson began coverage on United Community Banks in a research note on Tuesday, August 20th. They set a “neutral” rating on the stock. SunTrust Banks lowered their price objective on United Community Banks from $30.00 to $29.00 and set a “hold” rating for the company in a research note on Tuesday, August 27th. Zacks Investment Research cut United Community Banks from a “buy” rating to a “hold” rating in a report on Tuesday. Stephens reissued a “hold” rating and set a $29.00 target price on shares of United Community Banks in a research report on Tuesday, October 22nd. Finally, BidaskClub lowered United Community Banks from a “buy” rating to a “hold” rating in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. United Community Banks presently has a consensus rating of “Hold” and an average price target of $30.25.
UCBI traded down $0.31 on Friday, hitting $30.33. The company had a trading volume of 6,176 shares, compared to its average volume of 272,045. The company has a market cap of $2.45 billion, a PE ratio of 14.15 and a beta of 1.28. United Community Banks has a 12-month low of $20.23 and a 12-month high of $31.60. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.17. The business’s fifty day simple moving average is $30.44 and its 200 day simple moving average is $28.21.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 16th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Friday, December 13th. This is a positive change from United Community Banks’s previous quarterly dividend of $0.17. United Community Banks’s dividend payout ratio (DPR) is 31.78%.
In related news, CAO Alan H. Kumler sold 2,924 shares of United Community Banks stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $31.00, for a total transaction of $90,644.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have sold 11,924 shares of company stock valued at $347,834. 1.18% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC purchased a new stake in shares of United Community Banks during the second quarter worth about $25,000. First Mercantile Trust Co. purchased a new position in United Community Banks in the second quarter worth about $54,000. Strs Ohio bought a new position in shares of United Community Banks during the second quarter valued at $65,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of United Community Banks by 20.0% during the third 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 during the last quarter. Finally, Meeder Asset Management Inc. increased its position in United Community Banks by 186.5% during the second quarter. Meeder Asset Management Inc. now owns 5,862 shares of the financial services provider’s stock valued at $167,000 after acquiring an additional 3,816 shares during the last quarter. Hedge funds and other institutional investors own 90.91% 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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