United Community Banks (NASDAQ:UCBI – Get Free Report) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02, Briefing.com reports. The business had revenue of $225.80 million during the quarter, compared to analyst estimates of $232.00 million. United Community Banks had a return on equity of 8.02% and a net margin of 13.62%. The business’s revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.58 earnings per share.
United Community Banks Stock Up 0.8 %
NASDAQ:UCBI traded up $0.20 during midday trading on Friday, reaching $26.02. The company had a trading volume of 107,022 shares, compared to its average volume of 638,865. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 16.90 and a beta of 0.94. The stock’s fifty day simple moving average is $25.59 and its 200-day simple moving average is $26.22. United Community Banks has a 12-month low of $20.37 and a 12-month high of $30.75. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.10.
United Community Banks Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a $0.23 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.92 dividend on an annualized basis and a yield of 3.54%. United Community Banks’s dividend payout ratio (DPR) is presently 59.74%.
Analyst Ratings Changes
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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.
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