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 note issued on Monday. SunTrust Banks analyst J. Demba now expects that the financial services provider will post earnings of $0.50 per share for the quarter, up from their prior forecast of $0.41. SunTrust Banks currently has a “Buy” rating and a $33.00 target price on the stock. SunTrust Banks also issued estimates for United Community Banks’ Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.58 EPS, FY2018 earnings at $2.23 EPS and FY2019 earnings at $2.49 EPS.

A number of other equities research analysts have also recently commented on UCBI. BidaskClub cut shares of United Community Banks from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Zacks Investment Research cut shares of United Community Banks from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a research report on Saturday, January 6th. Finally, ValuEngine cut shares of United Community Banks from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $31.00.

Shares of United Community Banks (UCBI) traded up $0.88 on Wednesday, hitting $30.79. 982,500 shares of the stock traded hands, compared to its average volume of 662,350. United Community Banks has a 52-week low of $24.47 and a 52-week high of $30.86. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.81 and a quick ratio of 0.80. The stock has a market cap of $2,260.00, a PE ratio of 20.95 and a beta of 0.89.

United Community Banks (NASDAQ:UCBI) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.41 earnings per share for the quarter, hitting the consensus estimate 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 analysts’ expectations of $114.65 million. During the same quarter in the prior year, the company earned $0.36 EPS. The company’s revenue was up 3.5% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 15th were paid a $0.10 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.30%. United Community Banks’s payout ratio is currently 27.21%.

Several large investors have recently added to or reduced their stakes in UCBI. Schwab Charles Investment Management Inc. grew its position in United Community Banks by 0.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 477,822 shares of the financial services provider’s stock valued at $13,284,000 after buying an additional 4,382 shares during the period. Legal & General Group Plc grew its position in United Community Banks by 11.0% during the second quarter. Legal & General Group Plc now owns 136,962 shares of the financial services provider’s stock valued at $3,808,000 after buying an additional 13,539 shares during the period. BNP Paribas Arbitrage SA grew its position in United Community Banks by 52.8% during the second quarter. BNP Paribas Arbitrage SA now owns 22,098 shares of the financial services provider’s stock valued at $614,000 after buying an additional 7,632 shares during the period. Federated Investors Inc. PA grew its position in United Community Banks by 7.1% during the second quarter. Federated Investors Inc. PA now owns 17,500 shares of the financial services provider’s stock valued at $487,000 after buying an additional 1,163 shares during the period. Finally, Swiss National Bank grew its position in United Community Banks by 2.8% during the second quarter. Swiss National Bank now owns 113,700 shares of the financial services provider’s stock valued at $3,161,000 after buying an additional 3,100 shares during the period. 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.

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

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