Equities research analysts expect United Community Banks, Inc. (NASDAQ:UCBI) to report $0.58 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for United Community Banks’ earnings. The highest EPS estimate is $0.59 and the lowest is $0.57. United Community Banks reported earnings per share of $0.53 during the same quarter last year, which suggests a positive year over year growth rate of 9.4%. The company is expected to announce its next quarterly earnings results after the market closes on Tuesday, July 23rd.
On average, analysts expect that United Community Banks will report full year earnings of $2.33 per share for the current financial year, with EPS estimates ranging from $2.31 to $2.37. For the next financial year, analysts forecast that the business will report earnings of $2.38 per share, with EPS estimates ranging from $2.28 to $2.43. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for United Community Banks.
United Community Banks (NASDAQ:UCBI) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. United Community Banks had a net margin of 27.98% and a return on equity of 12.33%. The company had revenue of $133.30 million for the quarter, compared to analysts’ expectations of $137.03 million. During the same quarter in the previous year, the company posted $0.50 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis.
Shares of NASDAQ UCBI traded up $0.12 during trading on Friday, hitting $27.97. 344,958 shares of the company were exchanged, compared to its average volume of 371,013. United Community Banks has a 12-month low of $20.23 and a 12-month high of $31.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.83 and a quick ratio of 0.82. The company’s fifty day moving average is $27.77. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 13.07 and a beta of 1.24.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Saturday, June 15th were issued a $0.17 dividend. This is a positive change from United Community Banks’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Thursday, June 13th. United Community Banks’s payout ratio is 31.78%.
Institutional investors and hedge funds have recently modified their holdings of the stock. California Public Employees Retirement System grew its holdings in United Community Banks by 13.4% in the 4th quarter. California Public Employees Retirement System now owns 210,659 shares of the financial services provider’s stock worth $4,521,000 after acquiring an additional 24,939 shares during the last quarter. BlackRock Inc. grew its holdings in United Community Banks by 1.0% in the 4th quarter. BlackRock Inc. now owns 11,648,354 shares of the financial services provider’s stock worth $249,973,000 after acquiring an additional 109,641 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in United Community Banks by 2.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,940,604 shares of the financial services provider’s stock worth $41,645,000 after acquiring an additional 41,089 shares during the last quarter. Texas Permanent School Fund grew its holdings in United Community Banks by 4.1% in the 4th quarter. Texas Permanent School Fund now owns 51,832 shares of the financial services provider’s stock worth $1,112,000 after acquiring an additional 2,036 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new stake in United Community Banks in the 4th quarter worth $229,000. Hedge funds and other institutional investors own 89.51% of the company’s stock.
About United Community Banks
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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