$213.33 Million in Sales Expected for United Community Banks, Inc. (NASDAQ:UCBI) This Quarter

Wall Street brokerages forecast that United Community Banks, Inc. (NASDAQ:UCBIGet Rating) will post sales of $213.33 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for United Community Banks’ earnings. The highest sales estimate is $220.40 million and the lowest is $209.20 million. United Community Banks posted sales of $174.22 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 22.4%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that United Community Banks will report full year sales of $868.58 million for the current financial year, with estimates ranging from $850.30 million to $891.90 million. For the next fiscal year, analysts anticipate that the company will post sales of $951.75 million, with estimates ranging from $923.80 million to $984.40 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover United Community Banks.

United Community Banks (NASDAQ:UCBIGet Rating) last posted its quarterly earnings data on Tuesday, April 19th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.05). United Community Banks had a return on equity of 11.93% and a net margin of 32.10%. The company had revenue of $202.77 million during the quarter, compared to analysts’ expectations of $202.89 million. During the same quarter last year, the company earned $0.83 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis.

A number of equities research analysts have issued reports on UCBI shares. Raymond James lowered United Community Banks from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 6th. StockNews.com started coverage on United Community Banks in a research note on Thursday, March 31st. They issued a “sell” rating for the company. Finally, Zacks Investment Research upgraded United Community Banks from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Wednesday, April 6th.

Shares of UCBI stock opened at $31.11 on Wednesday. United Community Banks has a 52-week low of $27.62 and a 52-week high of $39.32. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 12.06 and a beta of 1.04. The business has a fifty day simple moving average of $35.08.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 5th. Shareholders of record on Tuesday, March 15th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Monday, March 14th. This is an increase from United Community Banks’s previous quarterly dividend of $0.20. United Community Banks’s dividend payout ratio is 32.56%.

In other United Community Banks news, CEO H Lynn Harton sold 5,000 shares of the stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $35.11, for a total transaction of $175,550.00. Following the completion of the transaction, the chief executive officer now owns 242,222 shares of the company’s stock, valued at approximately $8,504,414.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. increased its position in shares of United Community Banks by 7.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 5,147 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 364 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of United Community Banks by 0.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 166,602 shares of the financial services provider’s stock valued at $5,467,000 after purchasing an additional 462 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of United Community Banks by 5.0% during the 3rd quarter. CIBC Asset Management Inc now owns 10,205 shares of the financial services provider’s stock valued at $335,000 after purchasing an additional 485 shares during the last quarter. Metropolitan Life Insurance Co NY increased its position in shares of United Community Banks by 2.1% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 24,013 shares of the financial services provider’s stock valued at $788,000 after purchasing an additional 503 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of United Community Banks by 100.2% during the 3rd quarter. Signaturefd LLC now owns 1,099 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 550 shares during the last quarter. 88.92% of the stock is owned by institutional investors and hedge funds.

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.

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

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