United Community Banks, Inc. (UCBI) to Release Earnings on Wednesday
United Community Banks, Inc. (NASDAQ:UCBI) will be releasing its earnings data before the market opens on Wednesday, July 26th. Analysts expect United Community Banks to post earnings of $0.40 per share for the quarter.
United Community Banks (NASDAQ:UCBI) last released its earnings results on Wednesday, April 26th. The financial services provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The business had revenue of $104.83 million for the quarter, compared to the consensus estimate of $104.30 million. United Community Banks had a return on equity of 10.28% and a net margin of 23.03%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 earnings per share. On average, analysts expect United Community Banks to post $1.62 EPS for the current fiscal year and $1.86 EPS for the next fiscal year.
United Community Banks, Inc. (NASDAQ UCBI) opened at 28.25 on Wednesday. The stock has a market cap of $2.01 billion, a P/E ratio of 19.91 and a beta of 0.88. United Community Banks, Inc. has a 52-week low of $18.78 and a 52-week high of $30.47. The stock has a 50 day moving average price of $26.94 and a 200 day moving average price of $27.90.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 5th. Investors of record on Thursday, June 15th were paid a $0.09 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $0.36 dividend on an annualized basis and a yield of 1.27%. This is a positive change from United Community Banks’s previous quarterly dividend of $0.08. United Community Banks’s dividend payout ratio is presently 25.35%.
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A number of equities research analysts recently issued reports on UCBI shares. Zacks Investment Research lowered United Community Banks from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Keefe, Bruyette & Woods set a $30.00 target price on United Community Banks and gave the company a “hold” rating in a research note on Monday, April 10th. BidaskClub lowered United Community Banks from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. ValuEngine raised United Community Banks from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Hovde Group raised United Community Banks from a “market perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research note on Wednesday, May 3rd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $31.00.
About United Community Banks
United Community Banks, Inc (United) is a bank holding company. United conducts its operations through a community-focused operating model of separate community banks, which, as of December 31, 2016, operated at 139 locations throughout the Atlanta-Sandy Springs-Roswell, Georgia, and Gainesville, Georgia metropolitan statistical areas, upstate and coastal South Carolina, north and coastal Georgia, western North Carolina, and east Tennessee.
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