United Community Banks (NASDAQ:UCBI – Get Free Report) announced its earnings results on Wednesday. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.07, Briefing.com reports. United Community Banks had a net margin of 13.36% and a return on equity of 8.04%. The firm had revenue of $347.00 million for the quarter, compared to analysts’ expectations of $238.95 million. During the same period in the prior year, the company earned $0.55 EPS. The business’s revenue was up 17.3% compared to the same quarter last year.
United Community Banks Stock Up 1.1 %
Shares of UCBI stock traded up $0.33 during mid-day trading on Friday, hitting $31.51. The stock had a trading volume of 654,442 shares, compared to its average volume of 590,485. The firm has a market capitalization of $3.75 billion, a P/E ratio of 20.45 and a beta of 0.91. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.80 and a quick ratio of 0.81. United Community Banks has a 12-month low of $21.63 and a 12-month high of $31.96. The firm’s 50-day moving average is $26.08 and its two-hundred day moving average is $26.34.
United Community Banks Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Saturday, June 15th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend was Friday, June 14th. United Community Banks’s dividend payout ratio (DPR) is presently 59.74%.
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United Community Banks Company Profile
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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