Equities analysts expect United Community Banks, Inc. (NASDAQ:UCBI) to announce $113.53 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for United Community Banks’ earnings, with estimates ranging from $110.20 million to $116.70 million. United Community Banks posted sales of $105.35 million in the same quarter last year, which would indicate a positive year over year growth rate of 7.8%. The firm is expected to report its next quarterly earnings results before the market opens on Wednesday, October 25th.

On average, analysts expect that United Community Banks will report full year sales of $113.53 million for the current fiscal year, with estimates ranging from $439.80 million to $451.70 million. For the next year, analysts anticipate that the firm will report sales of $521.43 million per share, with estimates ranging from $502.60 million to $543.90 million. Zacks’ sales 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 earnings results on Wednesday, July 26th. The financial services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The business had revenue of $108.00 million during the quarter, compared to the consensus estimate of $110.49 million. United Community Banks had a net margin of 23.07% and a return on equity of 10.42%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 earnings per share.

A number of brokerages recently issued reports on UCBI. FIG Partners raised shares of United Community Banks from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a research report on Wednesday, August 16th. Raymond James Financial, Inc. dropped their target price on shares of United Community Banks from $32.00 to $31.00 and set a “strong-buy” rating on the stock in a research report on Thursday, July 27th. Stephens reaffirmed a “hold” rating and set a $29.00 target price on shares of United Community Banks in a research report on Wednesday, July 26th. Zacks Investment Research raised shares of United Community Banks from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Wednesday, September 27th. Finally, BidaskClub lowered shares of United Community Banks from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. United Community Banks has a consensus rating of “Buy” and a consensus target price of $30.71.

Shares of United Community Banks (NASDAQ:UCBI) traded down 0.38% on Wednesday, hitting $28.54. 28,593 shares of the stock traded hands. The stock has a 50-day moving average price of $26.78 and a 200 day moving average price of $27.12. United Community Banks has a 12-month low of $20.26 and a 12-month high of $30.47. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 19.55 and a beta of 0.87.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Friday, September 15th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.40 dividend on an annualized basis and a yield of 1.40%. This is a positive change from United Community Banks’s previous quarterly dividend of $0.09. United Community Banks’s payout ratio is 27.40%.

In related news, EVP Robert A. Edwards sold 11,550 shares of the business’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $26.06, for a total transaction of $300,993.00. Following the transaction, the executive vice president now owns 16,858 shares of the company’s stock, valued at $439,319.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.18% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. boosted its stake in United Community Banks by 36.3% during the first quarter. UBS Asset Management Americas Inc. now owns 42,240 shares of the financial services provider’s stock worth $1,170,000 after buying an additional 11,239 shares in the last quarter. Karp Capital Management Corp acquired a new stake in United Community Banks during the first quarter worth $295,000. Oxford Asset Management acquired a new stake in United Community Banks during the first quarter worth $374,000. Ameritas Investment Partners Inc. acquired a new stake in United Community Banks during the first quarter worth $168,000. Finally, Mason Street Advisors LLC boosted its stake in United Community Banks by 7.2% during the first quarter. Mason Street Advisors LLC now owns 16,593 shares of the financial services provider’s stock worth $459,000 after buying an additional 1,108 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

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United Community Banks Company Profile

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

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