United Community Bank (NASDAQ:UCBI) will announce its earnings results after the market closes on Tuesday, April 24th. Analysts expect the company to announce earnings of $0.51 per share for the quarter.
United Community Bank (NASDAQ:UCBI) last issued its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The business had revenue of $118.24 million for the quarter, compared to analysts’ expectations of $118.26 million. United Community Bank had a return on equity of 10.12% and a net margin of 14.14%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior 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.
Shares of UCBI opened at $32.39 on Monday. The stock has a market cap of $2,562.34, a P/E ratio of 19.87 and a beta of 0.87. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.81 and a current ratio of 0.81. United Community Bank has a 52-week low of $24.47 and a 52-week high of $33.60.
A number of analysts recently issued reports on the company. BidaskClub cut United Community Bank from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 18th. ValuEngine cut United Community Bank from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Keefe, Bruyette & Woods raised United Community Bank from a “market perform” rating to an “outperform” rating in a report on Thursday, January 25th. Finally, Zacks Investment Research cut United Community Bank from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. United Community Bank currently has a consensus rating of “Buy” and an average price target of $31.17.
COPYRIGHT VIOLATION WARNING: “United Community Bank (UCBI) to Release Quarterly Earnings on Tuesday” was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://stocknewstimes.com/2018/04/23/united-community-bank-ucbi-to-release-quarterly-earnings-on-tuesday.html.
United Community Bank 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.
Receive News & Ratings for United Community Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Community Bank and related companies with MarketBeat.com's FREE daily email newsletter.