Analysts forecast that United Community Banks, Inc. (NASDAQ:UCBI) will post sales of $135.63 million for the current quarter, Zacks reports. Three analysts have provided estimates for United Community Banks’ earnings, with the lowest sales estimate coming in at $135.20 million and the highest estimate coming in at $136.00 million. United Community Banks reported sales of $110.35 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 22.9%. The company is expected to issue its next quarterly earnings results on Tuesday, October 23rd.

On average, analysts expect that United Community Banks will report full-year sales of $531.07 million for the current year, with estimates ranging from $530.30 million to $531.60 million. For the next fiscal year, analysts forecast that the business will post sales of $571.27 million per share, with estimates ranging from $563.20 million to $578.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover United Community Banks.

United Community Banks (NASDAQ:UCBI) last released its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). United Community Banks had a net margin of 17.42% and a return on equity of 10.99%. The firm had revenue of $130.02 million during the quarter, compared to the consensus estimate of $133.24 million. During the same quarter last year, the business posted $0.41 earnings per share. United Community Banks’s revenue was up 20.3% compared to the same quarter last year.

UCBI has been the subject of a number of analyst reports. BidaskClub upgraded shares of United Community Banks from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 11th. SunTrust Banks lowered shares of United Community Banks from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. Hovde Group set a $34.00 price objective on shares of United Community Banks and gave the company a “buy” rating in a research report on Monday, July 30th. Finally, Zacks Investment Research raised shares of United Community Banks from a “sell” rating to a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $32.67.

Shares of UCBI stock traded down $0.28 during trading hours on Wednesday, reaching $30.53. The stock had a trading volume of 321,774 shares, compared to its average volume of 433,033. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. United Community Banks has a 12 month low of $24.47 and a 12 month high of $34.18. The firm has a market capitalization of $2.47 billion, a P/E ratio of 18.73 and a beta of 0.83.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 5th. Investors of record on Saturday, September 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, September 13th. United Community Banks’s dividend payout ratio is currently 36.81%.

A number of institutional investors and hedge funds have recently made changes to their positions in UCBI. Wells Fargo & Company MN raised its stake in United Community Banks by 3.0% in the first quarter. Wells Fargo & Company MN now owns 616,024 shares of the financial services provider’s stock valued at $19,497,000 after purchasing an additional 18,122 shares in the last quarter. Rhumbline Advisers raised its stake in shares of United Community Banks by 2.4% during the first quarter. Rhumbline Advisers now owns 176,270 shares of the financial services provider’s stock worth $5,579,000 after acquiring an additional 4,147 shares in the last quarter. Comerica Bank raised its stake in shares of United Community Banks by 4.9% during the first quarter. Comerica Bank now owns 77,836 shares of the financial services provider’s stock worth $2,502,000 after acquiring an additional 3,607 shares in the last quarter. FSI Group LLC raised its stake in shares of United Community Banks by 32.6% during the first quarter. FSI Group LLC now owns 172,723 shares of the financial services provider’s stock worth $5,467,000 after acquiring an additional 42,465 shares in the last quarter. Finally, Algert Global LLC purchased a new position in shares of United Community Banks during the first quarter worth approximately $464,000. 86.70% of the stock is currently owned by institutional investors and hedge funds.

United Community Banks Company Profile

United Community Banks, Inc operates as the bank holding company for United Community Bank that provides retail and corporate banking services to individuals and businesses. It offers various deposit accounts, such as checking accounts, savings and time deposits accounts, NOW accounts, money market deposits, and certificates of deposit.

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

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