Analysts Expect United Community Banks, Inc. (UCBI) Will Post Earnings of $0.50 Per Share

Brokerages forecast that United Community Banks, Inc. (NASDAQ:UCBI) will post $0.50 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for United Community Banks’ earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.51. United Community Banks reported earnings of $0.39 per share during the same quarter last year, which would suggest a positive year over year growth rate of 28.2%. The business is expected to announce its next quarterly earnings results on Wednesday, April 25th.

On average, analysts expect that United Community Banks will report full-year earnings of $2.21 per share for the current fiscal year, with EPS estimates ranging from $2.11 to $2.30. For the next year, analysts expect that the business will report earnings of $2.46 per share, with EPS estimates ranging from $2.32 to $2.60. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover United Community Banks.

United Community Banks (NASDAQ:UCBI) last announced its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.42 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01. The company had revenue of $118.24 million during the quarter, compared to the consensus estimate of $118.26 million. United Community Banks had a net margin of 14.14% and a return on equity of 10.12%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 EPS.

A number of equities analysts recently issued reports on UCBI shares. Zacks Investment Research cut United Community Banks from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. ValuEngine cut United Community Banks from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. BidaskClub cut United Community Banks from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Finally, Keefe, Bruyette & Woods upgraded United Community Banks from a “market perform” rating to an “outperform” rating in a report on Thursday, January 25th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $31.00.

Several institutional investors and hedge funds have recently modified their holdings of the stock. American International Group Inc. lifted its stake in United Community Banks by 3.0% during the 4th quarter. American International Group Inc. now owns 58,018 shares of the financial services provider’s stock valued at $1,633,000 after acquiring an additional 1,709 shares in the last quarter. Virtu Financial LLC bought a new position in United Community Banks during the 4th quarter valued at $355,000. UBS Asset Management Americas Inc. lifted its stake in United Community Banks by 18.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 52,697 shares of the financial services provider’s stock valued at $1,483,000 after acquiring an additional 8,042 shares in the last quarter. BlackRock Inc. lifted its stake in United Community Banks by 3.6% during the 4th quarter. BlackRock Inc. now owns 10,158,810 shares of the financial services provider’s stock valued at $285,869,000 after acquiring an additional 352,963 shares in the last quarter. Finally, Schroder Investment Management Group lifted its stake in United Community Banks by 2.9% during the 4th quarter. Schroder Investment Management Group now owns 2,431,114 shares of the financial services provider’s stock valued at $68,412,000 after acquiring an additional 67,615 shares in the last quarter. Institutional investors own 87.83% of the company’s stock.

United Community Banks (NASDAQ UCBI) opened at $30.40 on Monday. United Community Banks has a twelve month low of $24.47 and a twelve month high of $32.71. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $2,358.43, a price-to-earnings ratio of 32.34 and a beta of 0.91.

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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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