Wall Street brokerages expect United Community Banks, Inc. (NASDAQ:UCBI) to post $142.27 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for United Community Banks’ earnings. The highest sales estimate is $143.80 million and the lowest is $140.00 million. United Community Banks reported sales of $131.82 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.9%. The firm is scheduled to announce its next earnings report on Tuesday, July 23rd.

According to Zacks, analysts expect that United Community Banks will report full-year sales of $571.37 million for the current year, with estimates ranging from $564.30 million to $576.70 million. For the next financial year, analysts forecast that the company will report sales of $599.77 million, with estimates ranging from $588.70 million to $605.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for United Community Banks.

United Community Banks (NASDAQ:UCBI) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.02. United Community Banks had a net margin of 27.98% and a return on equity of 12.33%. The firm had revenue of $133.30 million during the quarter, compared to analysts’ expectations of $137.03 million. During the same period last year, the company posted $0.50 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year.

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods lowered shares of United Community Banks from an “outperform” rating to a “market perform” rating and set a $32.00 price target for the company. in a research note on Sunday, February 24th. BidaskClub lowered shares of United Community Banks from a “buy” rating to a “hold” rating in a research note on Monday, February 25th. Zacks Investment Research upgraded shares of United Community Banks from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. ValuEngine upgraded shares of United Community Banks from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. Finally, SunTrust Banks increased their price target on shares of United Community Banks to $29.00 and gave the stock a “hold” rating in a research note on Friday, January 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. United Community Banks has a consensus rating of “Hold” and a consensus price target of $29.33.

Shares of NASDAQ:UCBI traded down $0.24 on Wednesday, hitting $27.33. The company had a trading volume of 301,462 shares, compared to its average volume of 493,543. United Community Banks has a 1 year low of $20.23 and a 1 year high of $34.18. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.20. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 12.77 and a beta of 1.25.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Saturday, June 15th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.49%. This is a positive change from United Community Banks’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Thursday, June 13th. United Community Banks’s dividend payout ratio (DPR) is presently 29.91%.

In related news, EVP Bradley J. Miller sold 8,627 shares of the stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $29.16, for a total value of $251,563.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.18% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in UCBI. Bank of New York Mellon Corp increased its stake in United Community Banks by 2.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,899,515 shares of the financial services provider’s stock valued at $52,977,000 after purchasing an additional 38,244 shares in the last quarter. Teachers Advisors LLC increased its stake in United Community Banks by 2.3% during the 3rd quarter. Teachers Advisors LLC now owns 955,276 shares of the financial services provider’s stock valued at $26,643,000 after purchasing an additional 21,221 shares in the last quarter. Legal & General Group Plc increased its stake in United Community Banks by 14.3% during the 3rd quarter. Legal & General Group Plc now owns 184,334 shares of the financial services provider’s stock valued at $5,148,000 after purchasing an additional 23,085 shares in the last quarter. Morgan Stanley increased its stake in United Community Banks by 71.3% during the 3rd quarter. Morgan Stanley now owns 469,070 shares of the financial services provider’s stock valued at $13,081,000 after purchasing an additional 195,216 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in United Community Banks by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 7,523,220 shares of the financial services provider’s stock valued at $209,823,000 after purchasing an additional 177,250 shares in the last quarter. Institutional investors and hedge funds own 90.52% of the company’s stock.

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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