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. The company accepts various deposit products, including checking, savings, money market, and other deposit accounts. It also offers lending services, including real estate, consumer, and commercial loans, to individuals, small businesses, mid-sized commercial businesses, and non-profit organizations, as well as secured and unsecured, and mortgage loans. In addition, the company originate loans partially guaranteed by the SBA and USDA loan programs. Further, it provides wealth management services comprising financial planning, customized portfolio management, and investment advice; trust services to manage fiduciary assets; non-deposit investment products; and insurance products, including life insurance, long-term care insurance, and tax-deferred annuities, as well as invests in residential and commercial mortgage-backed securities, asset-backed securities, the U.S. treasury, the U.S. agency, and municipal obligations. Additionally, the company offers reinsurance on a property insurance contract; insurance agency services; brokerage services; and payment processing, merchant, wire transfer, private banking, and other related financial services. It operates through a network of 171 branches in Florida, Georgia, North Carolina, South Carolina, and Tennessee. United Community Banks, Inc. was founded in 1950 and is headquartered in Blairsville, Georgia.
United Community Banks Stock Up 0.6 %
UCBI traded up $0.20 during trading on Monday, hitting $35.90. 344,838 shares of the company's stock were exchanged, compared to its average volume of 656,860. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.13. The business's 50 day moving average is $31.53 and its two-hundred day moving average is $33.08. United Community Banks has a fifty-two week low of $27.62 and a fifty-two week high of $39.32. The stock has a market cap of $3.80 billion, a P/E ratio of 14.81 and a beta of 1.05.
United Community Banks (NASDAQ:UCBI - Get Rating) last announced its earnings results on Tuesday, July 19th. The financial services provider reported $0.66 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.03). The firm had revenue of $212.36 million during the quarter, compared to analysts' expectations of $213.19 million. United Community Banks had a net margin of 30.10% and a return on equity of 11.27%. The business's revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 EPS. As a group, equities analysts expect that United Community Banks will post 2.65 earnings per share for the current fiscal year.
United Community Banks Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 5th. Investors of record on Wednesday, June 15th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $0.84 annualized dividend and a yield of 2.34%. United Community Banks's payout ratio is currently 34.85%.
Wall Street Analyst Weigh In
UCBI has been the subject of several analyst reports. Truist Financial dropped their target price on shares of United Community Banks from $34.00 to $32.00 in a research report on Wednesday, June 15th. StockNews.com lowered shares of United Community Banks from a "hold" rating to a "sell" rating in a report on Friday, July 29th. Finally, Piper Sandler reduced their target price on shares of United Community Banks to $36.00 in a report on Friday, July 22nd.