Brokerages expect that United Community Banks, Inc. (NASDAQ:UCBI) will report $137.07 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for United Community Banks’ earnings. The lowest sales estimate is $135.70 million and the highest is $139.40 million. United Community Banks reported sales of $125.68 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The firm is expected to announce its next quarterly earnings report on Tuesday, April 23rd.

On average, analysts expect that United Community Banks will report full year sales of $566.10 million for the current year, with estimates ranging from $560.60 million to $573.40 million. For the next fiscal year, analysts expect that the firm will post sales of $595.07 million, with estimates ranging from $588.20 million to $608.30 million. Zacks’ sales averages are an average based on a survey of analysts that follow United Community Banks.

United Community Banks (NASDAQ:UCBI) last posted its earnings results on Tuesday, January 22nd. The financial services provider reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The firm had revenue of $135.82 million for the quarter, compared to the consensus estimate of $137.89 million. United Community Banks had a net margin of 27.81% and a return on equity of 12.27%. The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 earnings per share.

Several equities analysts have commented on the stock. ValuEngine raised shares of United Community Banks from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research raised shares of United Community Banks from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. SunTrust Banks increased their target price on shares of United Community Banks to $29.00 and gave the stock a “hold” rating in a research report on Friday, January 25th. Stephens reissued a “hold” rating and set a $27.00 target price on shares of United Community Banks in a research report on Wednesday, January 23rd. Finally, BidaskClub raised shares of United Community Banks from a “sell” rating to a “hold” rating in a research report on Tuesday, November 13th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. United Community Banks has an average rating of “Hold” and a consensus price target of $29.50.

In other United Community Banks news, insider Bill M. Gilbert sold 2,963 shares of the company’s stock in a transaction dated Thursday, January 24th. The shares were sold at an average price of $26.03, for a total transaction of $77,126.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 9,446 shares of company stock valued at $240,904 over the last 90 days. Corporate insiders own 1.77% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in United Community Banks by 175.6% during the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 48,034 shares of the financial services provider’s stock valued at $1,031,000 after acquiring an additional 30,605 shares during the period. Texas Permanent School Fund boosted its holdings in United Community Banks by 4.1% during the fourth quarter. Texas Permanent School Fund now owns 51,832 shares of the financial services provider’s stock valued at $1,112,000 after acquiring an additional 2,036 shares during the period. Bank of New York Mellon Corp boosted its holdings in United Community Banks by 2.2% during the fourth quarter. Bank of New York Mellon Corp now owns 1,940,604 shares of the financial services provider’s stock valued at $41,645,000 after acquiring an additional 41,089 shares during the period. BlackRock Inc. boosted its holdings in United Community Banks by 1.0% during the fourth quarter. BlackRock Inc. now owns 11,648,354 shares of the financial services provider’s stock valued at $249,973,000 after acquiring an additional 109,641 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in United Community Banks by 13.4% during the fourth quarter. California Public Employees Retirement System now owns 210,659 shares of the financial services provider’s stock valued at $4,521,000 after acquiring an additional 24,939 shares during the period. Institutional investors own 88.03% of the company’s stock.

United Community Banks stock traded up $0.42 during mid-day trading on Wednesday, hitting $28.21. 360,900 shares of the company’s stock were exchanged, compared to its average volume of 490,501. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.82 and a quick ratio of 0.81. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 13.18 and a beta of 1.19. United Community Banks has a 1-year low of $20.23 and a 1-year high of $34.18.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, March 14th. United Community Banks’s dividend payout ratio (DPR) is 29.91%.

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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