Wall Street analysts forecast that United Community Banks, Inc. (NASDAQ:UCBI) will post $0.58 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for United Community Banks’ earnings, with the lowest EPS estimate coming in at $0.57 and the highest estimate coming in at $0.59. United Community Banks posted earnings of $0.57 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.8%. The business is scheduled to announce its next earnings report on Tuesday, January 28th.
According to Zacks, analysts expect that United Community Banks will report full-year earnings of $2.36 per share for the current financial year, with EPS estimates ranging from $2.34 to $2.37. For the next fiscal year, analysts forecast that the business will report earnings of $2.30 per share, with EPS estimates ranging from $2.29 to $2.31. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover United Community Banks.
United Community Banks (NASDAQ:UCBI) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.05. United Community Banks had a return on equity of 12.24% and a net margin of 27.87%. The business had revenue of $148.37 million for the quarter, compared to analyst estimates of $143.91 million. During the same quarter in the previous year, the firm earned $0.55 EPS. United Community Banks’s quarterly revenue was up 8.9% on a year-over-year basis.
In other news, CAO Alan H. Kumler sold 3,000 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $27.06, for a total transaction of $81,180.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 11,924 shares of company stock worth $347,834. 1.18% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the business. UBS Asset Management Americas Inc. raised its stake in shares of United Community Banks by 5.1% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 72,467 shares of the financial services provider’s stock valued at $2,070,000 after purchasing an additional 3,502 shares in the last quarter. Boston Advisors LLC lifted its holdings in United Community Banks by 17.7% during the 2nd quarter. Boston Advisors LLC now owns 45,969 shares of the financial services provider’s stock worth $1,313,000 after buying an additional 6,918 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in United Community Banks during the 2nd quarter worth approximately $211,000. California Public Employees Retirement System grew its position in shares of United Community Banks by 31.8% in the 3rd quarter. California Public Employees Retirement System now owns 217,995 shares of the financial services provider’s stock worth $6,180,000 after acquiring an additional 52,655 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of United Community Banks by 10.5% in the 2nd quarter. Janus Henderson Group PLC now owns 1,839,743 shares of the financial services provider’s stock worth $52,543,000 after acquiring an additional 175,070 shares in the last quarter. 90.91% of the stock is owned by institutional investors.
NASDAQ UCBI traded down $0.31 during trading on Thursday, hitting $30.33. 6,176 shares of the company’s stock were exchanged, compared to its average volume of 272,045. The stock’s 50 day moving average price is $30.44 and its two-hundred day moving average price is $28.21. The company has a market cap of $2.45 billion, a PE ratio of 14.15 and a beta of 1.28. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.17. United Community Banks has a fifty-two week low of $20.23 and a fifty-two week high of $31.60.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 16th will be issued a $0.18 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.72 dividend on an annualized basis and a yield of 2.37%. This is an increase from United Community Banks’s previous quarterly dividend of $0.17. United Community Banks’s dividend payout ratio is currently 31.78%.
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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