$0.58 EPS Expected for United Community Banks, Inc. (NASDAQ:UCBI) This Quarter

Analysts expect United Community Banks, Inc. (NASDAQ:UCBI) to post earnings of $0.58 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for United Community Banks’ earnings, with the lowest EPS estimate coming in at $0.57 and the highest estimate coming in at $0.59. United Community Banks reported earnings of $0.57 per share during the same quarter last year, which indicates a positive year over year growth rate of 1.8%. The firm is expected to issue its next quarterly earnings report on Tuesday, January 28th.

According to Zacks, analysts expect that United Community Banks will report full year earnings of $2.35 per share for the current financial year, with EPS estimates ranging from $2.30 to $2.37. For the next fiscal year, analysts anticipate that the company will report earnings of $2.29 per share, with EPS estimates ranging from $2.24 to $2.32. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover United Community Banks.

United Community Banks (NASDAQ:UCBI) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.05. The business had revenue of $148.37 million during the quarter, compared to analysts’ expectations of $143.91 million. United Community Banks had a return on equity of 12.24% and a net margin of 27.87%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS.

A number of research analysts recently commented on UCBI shares. Zacks Investment Research upgraded United Community Banks from a “sell” rating to a “hold” rating in a research note on Friday, September 27th. BidaskClub upgraded United Community Banks from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. SunTrust Banks cut their target price on United Community Banks from $30.00 to $29.00 and set a “hold” rating for the company in a research note on Tuesday, August 27th. DA Davidson started coverage on United Community Banks in a research note on Tuesday, August 20th. They issued a “neutral” rating for the company. Finally, Stephens restated a “hold” rating and issued a $29.00 target price on shares of United Community Banks in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $30.25.

In other United Community Banks news, CAO Alan H. Kumler sold 3,000 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $28.00, for a total transaction of $84,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 11,924 shares of company stock valued at $347,834 over the last quarter. Corporate insiders own 1.18% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Boston Advisors LLC raised its stake in United Community Banks by 67.9% during the third quarter. Boston Advisors LLC now owns 77,192 shares of the financial services provider’s stock worth $2,188,000 after acquiring an additional 31,223 shares in the last quarter. Mason Street Advisors LLC raised its stake in United Community Banks by 1.8% during the third quarter. Mason Street Advisors LLC now owns 26,852 shares of the financial services provider’s stock worth $761,000 after acquiring an additional 469 shares in the last quarter. SG Americas Securities LLC acquired a new position in United Community Banks during the third quarter worth $318,000. First Mercantile Trust Co. raised its stake in United Community Banks by 33.3% during the third quarter. First Mercantile Trust Co. now owns 2,503 shares of the financial services provider’s stock worth $71,000 after acquiring an additional 625 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in United Community Banks by 6.7% during the third quarter. Russell Investments Group Ltd. now owns 458,261 shares of the financial services provider’s stock worth $12,992,000 after acquiring an additional 28,736 shares in the last quarter. Hedge funds and other institutional investors own 92.19% of the company’s stock.

United Community Banks stock traded up $0.28 during trading hours on Tuesday, reaching $31.39. 361,700 shares of the company were exchanged, compared to its average volume of 415,105. The stock has a 50-day moving average of $28.96 and a 200 day moving average of $27.85. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 14.67 and a beta of 1.27. United Community Banks has a 12 month low of $20.23 and a 12 month high of $31.50.

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

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