United Community Banks, Inc. (NASDAQ:UCBI) – Equities researchers at SunTrust Banks boosted their Q4 2018 earnings per share estimates for United Community Banks in a research report issued to clients and investors on Monday. SunTrust Banks analyst J. Demba now forecasts that the financial services provider will earn $0.60 per share for the quarter, up from their prior estimate of $0.49. SunTrust Banks has a “Buy” rating and a $33.00 price target on the stock.

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 for the quarter, meeting analysts’ consensus estimates of $0.41. United Community Banks had a net margin of 23.09% and a return on equity of 10.31%. The firm had revenue of $109.35 million during the quarter, compared to the consensus estimate of $114.65 million. During the same period in the prior year, the firm earned $0.36 EPS. The business’s revenue was up 3.5% on a year-over-year basis.

UCBI has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of United Community Banks from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Wednesday, September 27th. ValuEngine cut shares of United Community Banks from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, BidaskClub cut shares of United Community Banks from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $31.00.

Shares of United Community Banks (NASDAQ:UCBI) traded up $1.44 during trading on Tuesday, reaching $29.72. 1,222,978 shares of the company’s stock were exchanged, compared to its average volume of 628,683. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.52. United Community Banks has a 12-month low of $24.47 and a 12-month high of $30.13. The company has a market cap of $2,061.95, a P/E ratio of 20.08 and a beta of 0.89.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 15th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Thursday, December 14th. United Community Banks’s payout ratio is presently 27.03%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP acquired a new stake in United Community Banks in the 3rd quarter valued at about $653,000. California Public Employees Retirement System increased its position in United Community Banks by 18.2% in the 3rd quarter. California Public Employees Retirement System now owns 127,458 shares of the financial services provider’s stock valued at $3,638,000 after acquiring an additional 19,658 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in United Community Banks in the 3rd quarter valued at about $604,000. Zions Bancorporation acquired a new stake in United Community Banks in the 3rd quarter valued at about $115,000. Finally, Maltese Capital Management LLC increased its position in United Community Banks by 64.9% in the 3rd quarter. Maltese Capital Management LLC now owns 587,000 shares of the financial services provider’s stock valued at $16,753,000 after acquiring an additional 231,000 shares in the last quarter. Hedge funds and other institutional investors own 87.67% 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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