Equities research analysts forecast that United Community Banks, Inc. (NASDAQ:UCBI – Get Rating) will report $203.75 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for United Community Banks’ earnings, with the highest sales estimate coming in at $213.50 million and the lowest estimate coming in at $197.90 million. United Community Banks reported sales of $176.77 million during the same quarter last year, which would suggest a positive year over year growth rate of 15.3%. The firm is scheduled to announce its next earnings report after the market closes on Monday, January 1st.
According to Zacks, analysts expect that United Community Banks will report full year sales of $864.88 million for the current fiscal year, with estimates ranging from $841.50 million to $891.90 million. For the next financial year, analysts expect that the business will post sales of $940.45 million, with estimates ranging from $918.50 million to $984.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow United Community Banks.
United Community Banks (NASDAQ:UCBI – Get Rating) last issued its quarterly earnings data on Tuesday, January 18th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). United Community Banks had a net margin of 36.63% and a return on equity of 13.90%. The business had revenue of $174.73 million for the quarter, compared to analysts’ expectations of $181.57 million. During the same period in the previous year, the business earned $0.68 earnings per share.
Shares of UCBI stock traded up $0.38 on Wednesday, reaching $31.64. 470,426 shares of the company were exchanged, compared to its average volume of 823,288. United Community Banks has a 1 year low of $27.62 and a 1 year high of $39.32. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 10.65 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.76 and a current ratio of 0.76. The business has a 50-day moving average price of $36.04 and a 200 day moving average price of $35.37.
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 5th. Stockholders of record on Tuesday, March 15th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, March 14th. This represents a $0.84 annualized dividend and a dividend yield of 2.65%. This is a positive change from United Community Banks’s previous quarterly dividend of $0.20. United Community Banks’s dividend payout ratio is currently 28.28%.
In other United Community Banks news, CEO H Lynn Harton sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $35.11, for a total value of $175,550.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.62% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in UCBI. BlackRock Inc. raised its holdings in shares of United Community Banks by 3.2% in the fourth quarter. BlackRock Inc. now owns 13,117,339 shares of the financial services provider’s stock valued at $471,438,000 after buying an additional 409,463 shares during the last quarter. State Street Corp raised its stake in shares of United Community Banks by 9.3% during the 4th quarter. State Street Corp now owns 4,646,495 shares of the financial services provider’s stock worth $167,848,000 after purchasing an additional 395,719 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of United Community Banks by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,004,651 shares of the financial services provider’s stock worth $107,985,000 after purchasing an additional 47,621 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in United Community Banks by 13.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,777,724 shares of the financial services provider’s stock valued at $99,831,000 after acquiring an additional 333,009 shares during the period. Finally, Macquarie Group Ltd. raised its stake in United Community Banks by 11.6% in the 3rd quarter. Macquarie Group Ltd. now owns 2,737,809 shares of the financial services provider’s stock valued at $89,855,000 after acquiring an additional 283,831 shares during the period. Institutional investors and hedge funds own 88.92% of the company’s stock.
United Community Banks Company Profile (Get Rating)
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. The company accepts various deposit products, including checking, savings, money market, and other deposit accounts.
- Get a free copy of the StockNews.com research report on United Community Banks (UCBI)
- OrganiGram’s Turnaround Begins To Blossom
- Three Dividend Stocks With Growth Potential
- Exelon Stock Still Has Extraordinary Upside
- Ross Stores On The Verge Of Major Rally
- Greenbrier Companies Stock has Green in its Future
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for United Community Banks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Community Banks and related companies with MarketBeat.com's FREE daily email newsletter.