$0.55 Earnings Per Share Expected for United Community Banks, Inc. (UCBI) This Quarter

Brokerages predict that United Community Banks, Inc. (NASDAQ:UCBI) will report $0.55 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for United Community Banks’ earnings. The highest EPS estimate is $0.56 and the lowest is $0.55. United Community Banks posted earnings per share of $0.42 in the same quarter last year, which would suggest a positive year over year growth rate of 31%. 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 earnings of $2.14 per share for the current year, with EPS estimates ranging from $2.13 to $2.15. For the next fiscal year, analysts anticipate that the company will post earnings of $2.28 per share, with EPS estimates ranging from $2.25 to $2.33. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow United Community Banks.

United Community Banks (NASDAQ:UCBI) last posted its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $0.55 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.55. The firm had revenue of $134.50 million during the quarter, compared to analysts’ expectations of $136.53 million. United Community Banks had a net margin of 19.16% and a return on equity of 11.64%. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the company posted $0.41 EPS.

A number of research firms recently weighed in on UCBI. Zacks Investment Research raised shares of United Community Banks from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. BidaskClub cut shares of United Community Banks from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 28th. Hovde Group set a $34.00 price objective on shares of United Community Banks and gave the stock a “buy” rating in a research report on Monday, July 30th. FIG Partners reaffirmed an “outperform” rating on shares of United Community Banks in a research report on Thursday, September 20th. Finally, ValuEngine cut shares of United Community Banks from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. United Community Banks has an average rating of “Hold” and an average target price of $28.40.

A number of hedge funds have recently modified their holdings of UCBI. Itau Unibanco Holding S.A. purchased a new position in United Community Banks in the 2nd quarter valued at approximately $108,000. WINTON GROUP Ltd purchased a new position in United Community Banks in the 3rd quarter valued at approximately $203,000. Intrust Bank NA purchased a new position in United Community Banks in the 2nd quarter valued at approximately $209,000. Assenagon Asset Management S.A. purchased a new position in United Community Banks in the 3rd quarter valued at approximately $214,000. Finally, Cubist Systematic Strategies LLC purchased a new position in United Community Banks in the 2nd quarter valued at approximately $216,000. 87.92% of the stock is owned by institutional investors.

Shares of NASDAQ:UCBI traded up $0.38 during mid-day trading on Friday, reaching $25.84. 480,877 shares of the company were exchanged, compared to its average volume of 455,957. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $2.01 billion, a P/E ratio of 12.67 and a beta of 0.99. United Community Banks has a 1 year low of $22.83 and a 1 year high of $34.18.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Shareholders of record on Saturday, December 15th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.48%. The ex-dividend date is Thursday, December 13th. This is a boost from United Community Banks’s previous quarterly dividend of $0.15. United Community Banks’s dividend payout ratio (DPR) is currently 36.81%.

About United Community Banks

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.

See Also: Price to Earnings Ratio (PE) Basics

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Earnings History and Estimates for United Community Banks (NASDAQ:UCBI)

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