Q1 2018 EPS Estimates for United Community Banks, Inc. Raised by SunTrust Banks (UCBI)
United Community Banks, Inc. (NASDAQ:UCBI) – Investment analysts at SunTrust Banks increased their Q1 2018 EPS estimates for shares of United Community Banks in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst J. Demba now anticipates that the financial services provider will post earnings per share of $0.51 for the quarter, up from their previous estimate of $0.50. SunTrust Banks currently has a “Buy” rating and a $33.00 price target on the stock. SunTrust Banks also issued estimates for United Community Banks’ Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.61 EPS, Q4 2018 earnings at $0.61 EPS, FY2018 earnings at $2.28 EPS, Q1 2019 earnings at $0.58 EPS, Q2 2019 earnings at $0.63 EPS, Q3 2019 earnings at $0.66 EPS, Q4 2019 earnings at $0.68 EPS and FY2019 earnings at $2.54 EPS.
United Community Banks (NASDAQ:UCBI) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.41 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. United Community Banks had a return on equity of 10.31% and a net margin of 23.09%. The business had revenue of $109.35 million during the quarter, compared to analysts’ expectations of $114.65 million. During the same quarter in the prior year, the business earned $0.36 earnings per share. The company’s quarterly revenue was up 3.5% compared to the same quarter last year.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research cut United Community Banks from a “buy” rating to a “hold” rating in a research note on Saturday, October 28th. BidaskClub cut United Community Banks from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Finally, ValuEngine cut United Community Banks from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned 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 a consensus price target of $31.00.
Shares of United Community Banks (UCBI) opened at $30.86 on Thursday. United Community Banks has a 52 week low of $24.47 and a 52 week high of $31.37. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $2,270.00, a P/E ratio of 20.99 and a beta of 0.89.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in United Community Banks by 1.7% in the second quarter. Vanguard Group Inc. now owns 6,212,727 shares of the financial services provider’s stock worth $172,714,000 after acquiring an additional 100,870 shares in the last quarter. Dimensional Fund Advisors LP raised its position in United Community Banks by 2.6% in the third quarter. Dimensional Fund Advisors LP now owns 3,315,185 shares of the financial services provider’s stock worth $94,615,000 after acquiring an additional 83,398 shares in the last quarter. Schroder Investment Management Group raised its position in United Community Banks by 4.8% in the third quarter. Schroder Investment Management Group now owns 2,363,499 shares of the financial services provider’s stock worth $67,076,000 after acquiring an additional 108,377 shares in the last quarter. FMR LLC raised its position in United Community Banks by 11.1% in the second quarter. FMR LLC now owns 1,954,112 shares of the financial services provider’s stock worth $54,324,000 after acquiring an additional 194,762 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in United Community Banks by 9.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,818,025 shares of the financial services provider’s stock worth $51,886,000 after acquiring an additional 154,475 shares in the last quarter. Hedge funds and other institutional investors own 87.67% of the company’s stock.
The firm 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 1.30%. The ex-dividend date of this dividend was Thursday, December 14th. United Community Banks’s payout ratio is 27.21%.
United Community Banks Company Profile
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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