Equities research analysts predict that United Community Banks, Inc. (NASDAQ:UCBI) will post sales of $128.30 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for United Community Banks’ earnings, with estimates ranging from $127.00 million to $130.80 million. United Community Banks posted sales of $105.63 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 21.5%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, April 25th.

On average, analysts expect that United Community Banks will report full year sales of $128.30 million for the current year, with estimates ranging from $529.60 million to $560.40 million. For the next year, analysts anticipate that the business will post sales of $586.60 million per share, with estimates ranging from $559.60 million to $615.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for United Community Banks.

United Community Banks (NASDAQ:UCBI) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.42 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01. United Community Banks had a return on equity of 10.12% and a net margin of 14.14%. The firm had revenue of $118.24 million for the quarter, compared to the consensus estimate of $118.26 million. During the same quarter last year, the company earned $0.40 earnings per share. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year.

Several analysts recently issued reports on UCBI shares. Zacks Investment Research upgraded United Community Banks from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Wednesday, December 27th. BidaskClub cut United Community Banks from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. ValuEngine cut United Community Banks from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Keefe, Bruyette & Woods upgraded United Community Banks from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $31.00.

Shares of United Community Banks (NASDAQ UCBI) opened at $30.54 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.81 and a current ratio of 0.81. United Community Banks has a 1 year low of $24.47 and a 1 year high of $32.71. The stock has a market capitalization of $2,403.33, a PE ratio of 18.64 and a beta of 0.91.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Wednesday, March 14th. This is a boost from United Community Banks’s previous quarterly dividend of $0.10. United Community Banks’s dividend payout ratio (DPR) is currently 42.55%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zions Bancorporation purchased a new position in United Community Banks during the 3rd quarter valued at approximately $115,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in United Community Banks by 55.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,874 shares of the financial services provider’s stock valued at $137,000 after buying an additional 1,741 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in United Community Banks during the 3rd quarter valued at approximately $200,000. Magnetar Financial LLC purchased a new position in United Community Banks during the 3rd quarter valued at approximately $201,000. Finally, FinTrust Investment Advisory Services LLC purchased a new position in United Community Banks during the 4th quarter valued at approximately $203,000. Institutional investors and hedge funds own 83.14% of the company’s stock.

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United Community Banks Company Profile

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.

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

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