United Community Banks (UCBI) Releases Earnings Results, Beats Expectations By $0.01 EPS

United Community Banks (UCBI) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.36 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.35. Analysts expectations of $96.75 million. During the same quarter in the previous year, the company posted $0.32 EPS.

United Community Banks opened for trading at $19.43 and hit $19.5399 on the upside on Thursday, eventually ending the session at $19.45, with a gain of 0.21% or 0.04 points. The heightened volatility saw the trading volume jump to 3,74,808 shares. Company has a market cap of $1,392 M.

In a different news, on May 9, 2016, Nicholas B Paumgarten (director) sold 7,300,047 shares at $19.66 per share price. According to the SEC, on Jun 12, 2015, Bradley J Miller (EVP, CRO & GENERAL COUNSEL) sold 1,500 shares at $19.55 per share price. On May 27, 2015, W C Jr Nelson (director) purchased 5,000 shares at $18.80 per share price, according to the Form-4 filing with the securities and exchange commission.

United Community Banks Inc. is a bank holding company. The Company’s principal business is conducted by its wholly owned subsidiary United Community Bank (the Bank). The Bank is a chartered commercial bank that serves markets throughout north Georgia coastal Georgia the Atlanta Georgia MSA the Gainesville Georgia MSA western North Carolina the Greenville South Carolina MSA and east and central Tennessee and provides a full range of banking services. The Company conducts substantially all of its operations through a community focused operating model of separate community banks. The community banks offer a full range of retail and corporate banking services including checking savings and time deposit accounts secured and unsecured loans wire transfers brokerage services and other financial services.

United Community Banks

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