United Community Banks, Inc. (NASDAQ:UCBI) – SunTrust Banks boosted their Q1 2018 earnings per share estimates for United Community Banks in a research note issued on Monday. SunTrust Banks analyst J. Demba now expects that the financial services provider will earn $0.50 per share for the quarter, up from their previous estimate of $0.41. SunTrust Banks has a “Buy” rating and a $33.00 price target on the stock. SunTrust Banks also issued estimates for United Community Banks’ Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.58 EPS, FY2018 earnings at $2.23 EPS and FY2019 earnings at $2.49 EPS.
United Community Banks (NASDAQ:UCBI) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.41. United Community Banks had a return on equity of 10.31% and a net margin of 23.09%. The firm had revenue of $109.35 million for the quarter, compared to analyst estimates of $114.65 million. During the same quarter last year, the company posted $0.36 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis.
United Community Banks (UCBI) opened at $29.72 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.52. United Community Banks has a twelve month low of $24.47 and a twelve month high of $30.13. The stock has a market capitalization of $2,061.95, a PE ratio of 20.08 and a beta of 0.89.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 15th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.40 dividend on an annualized basis and a yield of 1.35%. United Community Banks’s payout ratio is currently 27.03%.
A number of large investors have recently made changes to their positions in UCBI. Principal Financial Group Inc. lifted its position in shares of United Community Banks by 153.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,396,237 shares of the financial services provider’s stock valued at $39,849,000 after acquiring an additional 846,122 shares during the period. AJO LP lifted its position in shares of United Community Banks by 94.6% during the 2nd quarter. AJO LP now owns 478,901 shares of the financial services provider’s stock valued at $13,313,000 after acquiring an additional 232,813 shares during the period. Maltese Capital Management LLC lifted its position in shares of United Community Banks by 64.9% during the 3rd quarter. Maltese Capital Management LLC now owns 587,000 shares of the financial services provider’s stock valued at $16,753,000 after acquiring an additional 231,000 shares during the period. FMR LLC lifted its position in shares of United Community Banks by 11.1% during the 2nd quarter. FMR LLC now owns 1,954,112 shares of the financial services provider’s stock valued at $54,324,000 after acquiring an additional 194,762 shares during the period. Finally, Boston Advisors LLC acquired a new stake in shares of United Community Banks during the 3rd quarter valued at approximately $5,472,000. Hedge funds and other institutional investors own 87.67% of the company’s stock.
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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