United Community Banks (UCBI) to Release Earnings on Wednesday

United Community Banks (NASDAQ:UCBI) is set to issue its quarterly earnings data before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.50 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

United Community Banks (NASDAQ:UCBI) last announced its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. United Community Banks had a net margin of 14.29% and a return on equity of 8.32%. The company had revenue of $165.70 million during the quarter, compared to the consensus estimate of $226.07 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was down 25.8% compared to the same quarter last year. On average, analysts expect United Community Banks to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

United Community Banks Stock Down 1.4 %

UCBI stock opened at $24.54 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.10. The firm’s 50-day simple moving average is $25.85 and its 200 day simple moving average is $26.22. The stock has a market cap of $2.92 billion, a PE ratio of 15.90 and a beta of 0.94. United Community Banks has a fifty-two week low of $20.37 and a fifty-two week high of $30.75.

United Community Banks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a dividend of $0.23 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.92 annualized dividend and a dividend yield of 3.75%. United Community Banks’s dividend payout ratio is presently 59.36%.

Institutional Investors Weigh In On United Community Banks

Institutional investors and hedge funds have recently modified their holdings of the stock. Advisor Group Holdings Inc. raised its holdings in United Community Banks by 6.8% during the 1st quarter. Advisor Group Holdings Inc. now owns 5,498 shares of the financial services provider’s stock worth $173,000 after buying an additional 351 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of United Community Banks during the first quarter valued at approximately $373,000. Cetera Advisor Networks LLC purchased a new stake in shares of United Community Banks in the 1st quarter valued at approximately $210,000. Citigroup Inc. boosted its stake in United Community Banks by 23.0% in the 1st quarter. Citigroup Inc. now owns 94,139 shares of the financial services provider’s stock worth $3,276,000 after purchasing an additional 17,608 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in United Community Banks by 21.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 17,403 shares of the financial services provider’s stock worth $606,000 after purchasing an additional 3,025 shares in the last quarter. 82.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Truist Financial reduced their price target on United Community Banks from $31.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, April 1st. Piper Sandler increased their price objective on shares of United Community Banks from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. DA Davidson reissued a “buy” rating on shares of United Community Banks in a report on Monday, January 15th. TheStreet lowered United Community Banks from a “b” rating to a “c+” rating in a research note on Wednesday, January 24th. Finally, StockNews.com raised United Community Banks to a “sell” rating in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $31.00.

United Community Banks Company Profile

United Community Banks, Inc operates as the financial holding company for United Community Bank that provides financial products and services to commercial, retail, government, education, energy, health care, and real estate sectors. It accepts various deposit products, including checking, savings, money market, and other deposit accounts.