FIG Partners restated their outperform rating on shares of United Community Banks (NASDAQ:UCBI) in a research report released on Thursday, September 20th. FIG Partners also issued estimates for United Community Banks’ Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.56 EPS, FY2018 earnings at $2.15 EPS, Q1 2019 earnings at $0.55 EPS, Q2 2019 earnings at $0.58 EPS, Q3 2019 earnings at $0.60 EPS, Q4 2019 earnings at $0.61 EPS and FY2019 earnings at $2.35 EPS.

UCBI has been the topic of a number of other reports. BidaskClub cut United Community Banks from a buy rating to a hold rating in a report on Wednesday, June 27th. Zacks Investment Research upgraded United Community Banks from a sell rating to a hold rating in a report on Thursday, September 13th. Hovde Group set a $34.00 target price on United Community Banks and gave the company a buy rating in a research report on Monday, July 30th. Finally, SunTrust Banks lowered United Community Banks from a buy rating to a hold rating in a research report on Tuesday, June 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $32.50.

Shares of United Community Banks stock traded down $0.55 on Thursday, hitting $25.90. 553,167 shares of the company were exchanged, compared to its average volume of 448,326. The stock has a market cap of $2.21 billion, a P/E ratio of 15.89 and a beta of 0.91. United Community Banks has a 1-year low of $25.11 and a 1-year high of $34.18. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.85 and a quick ratio of 0.84.

United Community Banks (NASDAQ:UCBI) last issued its earnings results on Tuesday, July 24th. The financial services provider reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). United Community Banks had a return on equity of 10.99% and a net margin of 17.42%. The company had revenue of $130.02 million for the quarter, compared to analyst estimates of $133.24 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. As a group, research analysts expect that United Community Banks will post 2.15 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 5th. Stockholders of record on Saturday, September 15th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Thursday, September 13th. United Community Banks’s dividend payout ratio is currently 36.81%.

Several institutional investors have recently bought and sold shares of UCBI. Wells Fargo & Company MN increased its position in shares of United Community Banks by 3.0% during the first quarter. Wells Fargo & Company MN now owns 616,024 shares of the financial services provider’s stock worth $19,497,000 after acquiring an additional 18,122 shares during the period. SG Americas Securities LLC purchased a new stake in shares of United Community Banks during the first quarter worth $153,000. Swiss National Bank increased its position in shares of United Community Banks by 3.3% during the first quarter. Swiss National Bank now owns 128,400 shares of the financial services provider’s stock worth $4,064,000 after acquiring an additional 4,100 shares during the period. State of Wisconsin Investment Board purchased a new stake in shares of United Community Banks during the first quarter worth $4,114,000. Finally, Schwab Charles Investment Management Inc. increased its position in shares of United Community Banks by 3.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 431,563 shares of the financial services provider’s stock worth $13,659,000 after acquiring an additional 14,180 shares during the period. 87.99% of the stock is currently owned by institutional investors and hedge funds.

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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