United Community Banks, Inc. (NASDAQ:UCBI) – Equities research analysts at SunTrust Banks lifted their Q1 2018 EPS estimates for shares of United Community Banks in a report issued on Monday, according to Zacks Investment Research. SunTrust Banks analyst J. Demba now expects that the financial services provider will post earnings per share of $0.50 for the quarter, up from their prior forecast of $0.41. SunTrust Banks currently has a “Buy” rating and a $33.00 target price 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 issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.41 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. The firm had revenue of $109.35 million during the quarter, compared to the consensus estimate of $114.65 million. United Community Banks had a return on equity of 10.31% and a net margin of 23.09%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 earnings per share.
United Community Banks (UCBI) opened at $30.63 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.80 and a current ratio of 0.81. The company has a market capitalization of $2,265.28, a PE ratio of 20.70 and a beta of 0.89. United Community Banks has a 52 week low of $24.47 and a 52 week high of $31.37.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 15th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Thursday, December 14th. United Community Banks’s dividend payout ratio is currently 27.03%.
Several institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its position in United Community Banks by 0.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 477,822 shares of the financial services provider’s stock valued at $13,284,000 after purchasing an additional 4,382 shares during the period. Legal & General Group Plc increased its position in United Community Banks by 11.0% during the 2nd quarter. Legal & General Group Plc now owns 136,962 shares of the financial services provider’s stock valued at $3,808,000 after purchasing an additional 13,539 shares during the period. BNP Paribas Arbitrage SA increased its position in United Community Banks by 52.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 22,098 shares of the financial services provider’s stock valued at $614,000 after purchasing an additional 7,632 shares during the period. Federated Investors Inc. PA increased its position in United Community Banks by 7.1% during the 2nd quarter. Federated Investors Inc. PA now owns 17,500 shares of the financial services provider’s stock valued at $487,000 after purchasing an additional 1,163 shares during the period. Finally, Swiss National Bank increased its position in United Community Banks by 2.8% during the 2nd quarter. Swiss National Bank now owns 113,700 shares of the financial services provider’s stock valued at $3,161,000 after purchasing an additional 3,100 shares during the period. 87.67% of the stock is owned by institutional investors.
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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