$128.30 Million in Sales Expected for United Community Banks, Inc. (UCBI) This Quarter

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.

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

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.

WARNING: “$128.30 Million in Sales Expected for United Community Banks, Inc. (UCBI) This Quarter” was published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/14/128-30-million-in-sales-expected-for-united-community-banks-inc-ucbi-this-quarter.html.

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.

Get a free copy of the Zacks research report on United Community Banks (UCBI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for United Community Banks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Community Banks and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply