United Community Banks (UCBI) Scheduled to Post Earnings on Wednesday

United Community Banks (NASDAQ:UCBI - Get Free Report) is set to issue its quarterly earnings data before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.50 per share for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

United Community Banks (NASDAQ:UCBI - Get Free Report) last posted its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.01. The company had revenue of $165.70 million for the quarter, compared to analysts' expectations of $226.07 million. United Community Banks had a return on equity of 8.32% and a net margin of 14.29%. United Community Banks's quarterly revenue was down 25.8% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. On average, analysts expect United Community Banks to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

United Community Banks Stock Up 0.1 %

Shares of NASDAQ:UCBI traded up $0.03 on Wednesday, hitting $24.57. 668,854 shares of the company's stock were exchanged, compared to its average volume of 648,087. United Community Banks has a 1-year low of $20.37 and a 1-year high of $30.75. The company has a market capitalization of $2.93 billion, a PE ratio of 16.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.81 and a current ratio of 0.81. The firm's 50-day moving average is $25.81 and its 200 day moving average is $26.22.

United Community Banks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.92 dividend on an annualized basis and a yield of 3.74%. United Community Banks's payout ratio is currently 59.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on UCBI shares. DA Davidson reissued a "buy" rating on shares of United Community Banks in a research report on Monday, January 15th. TheStreet downgraded United Community Banks from a "b" rating to a "c+" rating in a report on Wednesday, January 24th. Piper Sandler raised their target price on shares of United Community Banks from $28.00 to $30.00 and gave the stock a "neutral" rating in a research report on Thursday, January 25th. StockNews.com upgraded shares of United Community Banks to a "sell" rating in a research report on Wednesday, January 17th. Finally, Truist Financial lowered their price objective on shares of United Community Banks from $31.00 to $28.00 and set a "hold" rating on the stock in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $31.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in UCBI. BlackRock Inc. increased its position in United Community Banks by 19.1% during the 1st quarter. BlackRock Inc. now owns 15,623,173 shares of the financial services provider's stock worth $543,687,000 after purchasing an additional 2,505,834 shares during the period. Capital Research Global Investors purchased a new stake in shares of United Community Banks in the first quarter valued at approximately $75,829,000. State Street Corp grew its holdings in United Community Banks by 34.7% during the first quarter. State Street Corp now owns 6,258,337 shares of the financial services provider's stock worth $218,903,000 after acquiring an additional 1,611,842 shares during the period. Vanguard Group Inc. raised its position in United Community Banks by 9.6% in the first quarter. Vanguard Group Inc. now owns 11,753,740 shares of the financial services provider's stock worth $409,029,000 after acquiring an additional 1,034,191 shares in the last quarter. Finally, Norges Bank acquired a new stake in United Community Banks in the fourth quarter valued at $33,991,000. 82.29% of the stock is owned by hedge funds and other institutional investors.

About United Community Banks

United Community Banks, Inc operates as the financial holding company for United Community Bank that provides financial products and services to commercial, retail, government, education, energy, health care, and real estate sectors. It accepts various deposit products, including checking, savings, money market, and other deposit accounts.