Wall Street analysts expect United Community Banks, Inc. (NASDAQ:UCBI) to announce sales of $128.30 million for the current quarter, according to Zacks. Three analysts have made estimates for United Community Banks’ earnings. The highest sales estimate is $130.80 million and the lowest is $127.00 million. United Community Banks reported sales of $105.63 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 21.5%. The business is expected to announce its next quarterly earnings report on Wednesday, April 25th.
On average, analysts expect that United Community Banks will report full-year sales of $128.30 million for the current fiscal year, with estimates ranging from $529.60 million to $560.40 million. For the next fiscal year, analysts forecast that the company will report sales of $586.60 million per share, with estimates ranging from $559.60 million to $615.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for United Community Banks.
United Community Banks (NASDAQ:UCBI) last issued its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.01. The firm had revenue of $118.24 million during the quarter, compared to the consensus estimate of $118.26 million. United Community Banks had a return on equity of 10.12% and a net margin of 14.14%. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the company posted $0.40 EPS.
Shares of United Community Banks (NASDAQ:UCBI) opened at $30.54 on Wednesday. The stock has a market capitalization of $2,403.33, a PE ratio of 18.64 and a beta of 0.91. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.48. United Community Banks has a 12-month low of $24.47 and a 12-month high of $32.71.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Investors of record on Thursday, March 15th will be given a $0.12 dividend. This is an increase from United Community Banks’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.48 dividend on an annualized basis and a yield of 1.57%. United Community Banks’s payout ratio is presently 42.55%.
Large investors have recently added to or reduced their stakes in the stock. Zions Bancorporation purchased a new position in United Community Banks in the 3rd quarter worth approximately $115,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in United Community Banks by 55.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,874 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 1,741 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in United Community Banks in the 3rd quarter worth approximately $200,000. Magnetar Financial LLC purchased a new position in United Community Banks in the 3rd quarter worth approximately $201,000. Finally, FinTrust Investment Advisory Services LLC purchased a new position in United Community Banks in the 4th quarter worth approximately $203,000. Institutional investors own 83.14% of the company’s stock.
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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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