Analysts predict that United Community Banks, Inc. (NASDAQ: UCBI) will record a $ 135.63 million turnover for the current quarter, Zacks reports. Three analysts have provided estimates for United Community Banks' revenues, with the lowest sales estimate of $ 135.20 million and the highest estimate being $ 136.00 million. United Community Banks reported sales of $ 110.35 million in the same quarter last year, indicating a positive annual growth of 22.9%. The company is expected to publish the results of its quarterly results on Tuesday, October 23rd.
On average, analysts expect United Community Banks to report annual sales of $ 531.07 million for the current year, with estimates ranging from $ 530.30 million to $ 531.60 million. For the next financial year, analysts predict that the company will record sales of $ 571.27 million per share, with estimates ranging from $ 563.20 million to $ 578.00 million. The sales calculations of Zacks are an average based on a survey of sell-side research analysts that relate to United Community Banks.
United Community Banks (NASDAQ: UCBI) last released the quarterly results on Tuesday 24 July. The financial services provider reported $ 0.53 EPS for the quarter, with analysts' consensus estimates of $ 0.54 ($ 0.01) missing. Banks from the United States had a net margin of 17.42% and a return on equity of 10.99%. The company had sales of $ 130.02 million during the quarter compared to the consensus estimate of $ 133.24 million. During the same quarter last year, the company recorded $ 0.41 earnings per share. Turnover at United Community Banks increased by 20.3% compared to the same quarter last year.
UCBI has been the subject of a number of analyst reports. BidaskClub raised United Community Banks' shares from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 11. SunTrust Banks reduced United Community Banks shares from a & # 39; buy & # 39; credit to a & # 39; hold & # 39; rating in a research report on Tuesday 26 June. Hovde Group set a price target of $ 34.00 for shares of United Community Banks and gave the company a "buy" rating on Monday July 30th in a research report. Finally, Zacks Investment Research increased United Community Banks' shares from a & # 39; sell & # 39; credit to a & # 39; hold & # 39; rating in a research note on Tuesday. One investment analyst has rated the shares with a sell rating, three have given a hold rating and two have assigned a buy-rating to the shares. The stock currently has an average rating of & # 39; Hold & # 39; and a consensus price goal of $ 32.67.
Shares of UCBI shares fell $ 0.28 during trading hours on Wednesday and reached $ 30.53. The share had a trading volume of 321.774 shares, compared with the average volume of 433.033 shares. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. United Community Banks has a 12 month low of $ 24.47 and a 12 month high of $ 34.18. The company has a market capitalization of $ 2.47 billion, a P / E ratio of 18.73 and a beta of 0.83.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 5. Investors of record on Saturday, September 15, will receive a dividend of $ 0.15. This represents a dividend of $ 0.60 on an annual basis and a return of 1.97%. The ex-dividend date of this dividend is Thursday, September 13th. The United Community Banks benefit ratio is currently 36.81%.
A number of institutional investors and hedge funds have recently changed their positions in UCBI. Wells Fargo & Company MN increased the interest in United Community Banks by 3.0% in the first quarter. Wells Fargo & Company MN now owns 616,024 shares in the financial service provider's share with a value of $ 19,497,000 after the purchase of another 18 122 shares in the last quarter. Rhumbline Advisers increased its shareholding interest in United Community Banks by 2.4% in the first quarter. Rhumbline Advisers now holds 176,270 shares in the financial services provider's share of $ 5,579,000 after the acquisition of 4,147 additional shares in the last quarter. Comerica Bank increased its stake in United Community Banks shares by 4.9% in the first quarter. Comerica Bank now holds 77,836 shares in the financial services company's share capital of $ 2,502,000 after the acquisition of another 3,607 shares in the last quarter. FSI Group LLC increased its stake in United Community Banks shares by 32.6% in the first quarter. FSI Group LLC now holds 172,723 shares of the financial service provider's share of $ 5,467,000 after acquiring 42,465 additional shares in the last quarter. Finally, Algert Global LLC acquired a new position in United Community Banks in the first quarter of approximately $ 464,000. 86.70% of the shares are currently held by institutional investors and hedge funds.
United Community Banks Company profile
United Community Banks, Inc is the bank holding company of United Community Bank that offers private and business banking services to individuals and businesses. It offers various payment accounts, such as checking accounts, savings and term deposit accounts, NOW accounts, money market deposits & certificates and certificates of deposit.
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