United Community Banks, Inc. (NASDAQ:UCBI) is expected to report third quarter earnings results, after market close, on Tuesday 20th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.36 per share.
Looking ahead, the full year income are expected at $ 1.58 per share on the revenues of $ 641.37 million.
Previous Quarter Performance
United Community Banks, Inc. revealed income for the second quarter of $ 0.32 per share, from the revenue of $ 116.00 million. The quarterly earnings declined 45.76 percent compared with the same quarter last year. Wall street analysts are predicting, UCBI to report 2Q20 income of $ 0.32 per share from revenue of $ 141.81 million. The top line results fell short of analysts by $ 25.81 million or 18.2 percent.
Stock Performance
Shares of United Community Banks, Inc. traded up $ 0.20 or 1.06 percent on Monday, reaching $ 19.06 with volume of 240.10 thousand shares. United Community Banks, Inc. has traded high as $ 19.50 and has cracked $ 18.94 on the downward trend
According to the previous trading day, closing price of $ 19.06, representing a 26.15 % increase from the 52 week low of $ 14.95 and a 40.43 % decrease over the 52 week high of $ 31.66.
The company has a market capital of $ 1.65 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 28th August 2020, upgraded by Keefe, Bruyette & Woods to Outperform from Market Perform rating.
Recent Stock Dividend Announcement
On August 5, 2020, the board of directors authorized quarterly dividend of $ 0.18 per share to holders of record as of the close of business on September 15, 2020, with payment date of October 5, 2020 and ex-dividend date on September 14, 2020.
Conference Call
United Community Banks, Inc. will be hosting a conference call at 11:00 AM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ucbi.com
United Community Banks, Inc. operates as the bank holding company for United Community Bank that provides various banking products and services. The company accepts checking, savings, money market, negotiable order of withdrawal, time, and other deposit accounts, as well as certificates of deposit.
