Brokerages predict that United Community Banks, Inc. (NASDAQ:UCBI) will announce sales of $181.57 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for United Community Banks’ earnings, with estimates ranging from $174.70 million to $189.30 million. United Community Banks posted sales of $186.77 million during the same quarter last year, which suggests a negative year-over-year growth rate of 2.8%. The firm is expected to report its next quarterly earnings results after the market closes on Tuesday, January 18th.
According to Zacks, analysts expect that United Community Banks will report full-year sales of $713.27 million for the current financial year, with estimates ranging from $706.90 million to $720.10 million. For the next year, analysts anticipate that the business will post sales of $868.87 million, with estimates ranging from $847.10 million to $909.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for United Community Banks.
United Community Banks (NASDAQ:UCBI) last released its quarterly earnings results on Monday, October 18th. The financial services provider reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.17. The business had revenue of $181.13 million during the quarter, compared to analysts’ expectations of $172.40 million. United Community Banks had a return on equity of 14.28% and a net margin of 36.75%. During the same quarter in the prior year, the business earned $0.55 earnings per share.
In other news, CEO H Lynn Harton sold 10,000 shares of the business’s stock in a transaction on Monday, January 3rd. The stock was sold at an average price of $36.31, for a total value of $363,100.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.62% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue grew its holdings in shares of United Community Banks by 5.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 63,212 shares of the financial services provider’s stock worth $2,074,000 after acquiring an additional 3,163 shares during the last quarter. Maryland State Retirement & Pension System acquired a new stake in shares of United Community Banks in the third quarter worth about $1,123,000. Russell Investments Group Ltd. lifted its position in shares of United Community Banks by 34.8% in the third quarter. Russell Investments Group Ltd. now owns 386,807 shares of the financial services provider’s stock worth $12,692,000 after buying an additional 99,926 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its position in shares of United Community Banks by 5.3% in the second quarter. Campbell & CO Investment Adviser LLC now owns 9,955 shares of the financial services provider’s stock worth $319,000 after buying an additional 500 shares during the last quarter. Finally, Citigroup Inc. lifted its position in shares of United Community Banks by 30.9% in the second quarter. Citigroup Inc. now owns 97,697 shares of the financial services provider’s stock worth $3,127,000 after buying an additional 23,037 shares during the last quarter. Institutional investors and hedge funds own 87.89% of the company’s stock.
United Community Banks stock opened at $39.09 on Friday. 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 firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 12.69 and a beta of 1.14. United Community Banks has a fifty-two week low of $27.62 and a fifty-two week high of $39.16. The stock’s fifty day moving average is $35.73 and its two-hundred day moving average is $32.70.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 5th. Stockholders of record on Wednesday, December 15th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Tuesday, December 14th. United Community Banks’s dividend payout ratio is presently 25.97%.
About United Community Banks
United Community Banks, Inc is a bank holding company, which engages in the provision of consumer and business banking services. The firm caters on individuals and small and medium-sized businesses. It offers checking, savings, mortgages, borrowing, digital baking, credit cards, and investing services.
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