United Community Banks, Inc. (NASDAQ:UCBI) – Research analysts at FIG Partners raised their Q2 2019 earnings estimates for shares of United Community Banks in a note issued to investors on Tuesday, May 14th. FIG Partners analyst C. Marinac now expects that the financial services provider will post earnings per share of $0.57 for the quarter, up from their prior estimate of $0.56. FIG Partners also issued estimates for United Community Banks’ Q3 2019 earnings at $0.59 EPS, FY2019 earnings at $2.32 EPS, Q2 2020 earnings at $0.60 EPS and Q3 2020 earnings at $0.62 EPS.
United Community Banks (NASDAQ:UCBI) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.02. The company had revenue of $133.30 million during the quarter, compared to the consensus estimate of $137.03 million. United Community Banks had a net margin of 27.98% and a return on equity of 12.33%. United Community Banks’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $0.50 earnings per share.
NASDAQ:UCBI opened at $27.33 on Thursday. United Community Banks has a 12 month low of $20.23 and a 12 month high of $34.18. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.83 and a quick ratio of 0.82. The firm has a market cap of $2.17 billion, a PE ratio of 12.77 and a beta of 1.25.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Saturday, June 15th will be paid a dividend of $0.17 per share. This is an increase from United Community Banks’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Thursday, June 13th. United Community Banks’s payout ratio is presently 29.91%.
In other news, EVP Bradley J. Miller sold 8,627 shares of United Community Banks stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $29.16, for a total transaction of $251,563.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.18% of the company’s stock.
Large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its holdings in shares of United Community Banks by 60.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,218 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 458 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of United Community Banks by 243.8% during the first quarter. Versant Capital Management Inc now owns 1,255 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 890 shares during the last quarter. Toronto Dominion Bank purchased a new position in shares of United Community Banks during the fourth quarter worth $28,000. Private Capital Group LLC raised its holdings in shares of United Community Banks by 210.7% during the fourth quarter. Private Capital Group LLC now owns 1,793 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 1,216 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of United Community Banks during the first quarter worth $51,000. Institutional investors and hedge funds own 90.52% 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.
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