Equities research analysts expect United Community Banks, Inc. (NASDAQ:UCBI) to announce sales of $116.83 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for United Community Banks’ earnings, with estimates ranging from $114.40 million to $119.00 million. United Community Banks reported sales of $106.16 million during the same quarter last year, which indicates a positive year over year growth rate of 10.1%. The firm is expected to report its next quarterly earnings results on Wednesday, January 24th.

According to Zacks, analysts expect that United Community Banks will report full-year sales of $116.83 million for the current financial year, with estimates ranging from $439.20 million to $445.20 million. For the next year, analysts expect that the business will post sales of $509.57 million per share, with estimates ranging from $500.10 million to $525.00 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow United Community Banks.

United Community Banks (NASDAQ:UCBI) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.41. The firm had revenue of $109.35 million for the quarter, compared to analyst estimates of $114.65 million. United Community Banks had a return on equity of 10.31% and a net margin of 23.09%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share.

A number of brokerages have recently issued reports on UCBI. ValuEngine lowered United Community Banks from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Zacks Investment Research lowered United Community Banks from a “buy” rating to a “hold” rating in a research note on Saturday, October 28th. SunTrust Banks reaffirmed a “buy” rating and issued a $33.00 price target on shares of United Community Banks in a research note on Thursday, October 12th. BidaskClub lowered United Community Banks from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Finally, FIG Partners raised United Community Banks from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research note on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $31.25.

A number of institutional investors have recently made changes to their positions in UCBI. Bank of Montreal Can lifted its position in United Community Banks by 7.5% during the second quarter. Bank of Montreal Can now owns 74,384 shares of the financial services provider’s stock worth $2,068,000 after buying an additional 5,202 shares in the last quarter. Aperio Group LLC raised its position in United Community Banks by 39.9% in the second quarter. Aperio Group LLC now owns 14,912 shares of the financial services provider’s stock valued at $415,000 after purchasing an additional 4,256 shares during the period. Russell Investments Group Ltd. raised its position in United Community Banks by 12.7% in the second quarter. Russell Investments Group Ltd. now owns 250,047 shares of the financial services provider’s stock valued at $6,951,000 after purchasing an additional 28,264 shares during the period. NGAM Advisors L.P. purchased a new stake in United Community Banks in the second quarter valued at $3,865,000. Finally, Great West Life Assurance Co. Can raised its position in United Community Banks by 3.9% in the second quarter. Great West Life Assurance Co. Can now owns 103,542 shares of the financial services provider’s stock valued at $2,877,000 after purchasing an additional 3,905 shares during the period. Hedge funds and other institutional investors own 87.69% of the company’s stock.

Shares of United Community Banks (NASDAQ UCBI) opened at $28.20 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.80. The stock has a market capitalization of $2,130.95, a P/E ratio of 18.03 and a beta of 0.88. United Community Banks has a 12 month low of $24.47 and a 12 month high of $30.47.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.40 dividend on an annualized basis and a yield of 1.42%. United Community Banks’s payout ratio is 27.03%.

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

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