United Community Bank (UCBI) Set to Announce Quarterly Earnings on Tuesday
United Community Bank (NASDAQ:UCBI) will be releasing its earnings data after the market closes on Tuesday, April 24th. Analysts expect United Community Bank to post earnings of $0.51 per share for the quarter.
United Community Bank (NASDAQ:UCBI) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The company had revenue of $118.24 million for the quarter, compared to the consensus estimate of $118.26 million. United Community Bank had a net margin of 14.14% and a return on equity of 10.12%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 EPS. On average, analysts expect United Community Bank to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
UCBI stock opened at $32.17 on Tuesday. The stock has a market capitalization of $2,527.53, a P/E ratio of 19.74 and a beta of 0.87. United Community Bank has a 12 month low of $24.47 and a 12 month high of $33.60. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.48.
Several research firms recently commented on UCBI. BidaskClub raised shares of United Community Bank from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. Keefe, Bruyette & Woods upgraded shares of United Community Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, January 25th. Zacks Investment Research upgraded shares of United Community Bank from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Wednesday, December 27th. Finally, ValuEngine cut shares of United Community Bank from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $31.17.
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About United Community Bank
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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