$137.77 Million in Sales Expected for United Community Banks, Inc. (UCBI) This Quarter

Analysts expect United Community Banks, Inc. (NASDAQ:UCBI) to report sales of $137.77 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for United Community Banks’ earnings. The highest sales estimate is $138.40 million and the lowest is $137.20 million. United Community Banks posted sales of $119.44 million in the same quarter last year, which suggests a positive year-over-year growth rate of 15.3%. The business is expected to issue its next quarterly earnings report on Tuesday, January 22nd.

According to Zacks, analysts expect that United Community Banks will report full-year sales of $532.00 million for the current fiscal year, with estimates ranging from $531.50 million to $532.30 million. For the next year, analysts anticipate that the firm will post sales of $564.93 million, with estimates ranging from $560.60 million to $570.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for United Community Banks.

United Community Banks (NASDAQ:UCBI) last announced its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.55. United Community Banks had a return on equity of 11.64% and a net margin of 19.16%. The company had revenue of $134.50 million during the quarter, compared to analyst estimates of $136.53 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The firm’s quarterly revenue was up 23.1% on a year-over-year basis.

UCBI has been the subject of several research analyst reports. Zacks Investment Research upgraded United Community Banks from a “sell” rating to a “hold” rating in a report on Tuesday, August 21st. BidaskClub lowered United Community Banks from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 28th. FIG Partners restated an “outperform” rating on shares of United Community Banks in a report on Thursday, September 20th. ValuEngine lowered United Community Banks from a “hold” rating to a “sell” rating in a report on Friday, September 28th. Finally, SunTrust Banks cut their price objective on United Community Banks to $25.00 and set a “hold” rating for the company in a report on Thursday, October 25th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $28.40.

UCBI stock traded down $0.30 during trading on Wednesday, reaching $25.55. 195,900 shares of the company’s stock were exchanged, compared to its average volume of 444,387. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $2.05 billion, a PE ratio of 15.67 and a beta of 0.93. United Community Banks has a 1-year low of $22.83 and a 1-year high of $34.18.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Stockholders of record on Saturday, December 15th will be issued a $0.16 dividend. This is a positive change from United Community Banks’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, December 13th. This represents a $0.64 annualized dividend and a dividend yield of 2.50%. United Community Banks’s dividend payout ratio is 36.81%.

Institutional investors have recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new stake in shares of United Community Banks during the second quarter worth $108,000. WINTON GROUP Ltd acquired a new stake in shares of United Community Banks during the third quarter worth $203,000. Intrust Bank NA acquired a new stake in shares of United Community Banks during the second quarter worth $209,000. Assenagon Asset Management S.A. acquired a new stake in shares of United Community Banks during the third quarter worth $214,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of United Community Banks during the second quarter worth $216,000. Institutional investors and hedge funds own 87.16% of the company’s stock.

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.

Further Reading: Leveraged Buyout (LBO) Explained

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

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