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 analysts’ consensus estimates of $0.51 by $0.07, Briefing.com reports. United Community Banks had a return on equity of 8.02% and a net margin of 13.62%. The firm had revenue of $347.00 million for the quarter, compared to analyst estimates of $238.95 million. During the same quarter last year, the firm posted $0.55 EPS. The business’s revenue was up 17.3% on a year-over-year basis.
United Community Banks Trading Up 3.8 %
NASDAQ UCBI traded up $1.13 during trading on Thursday, hitting $31.18. The stock had a trading volume of 1,207,799 shares, compared to its average volume of 591,213. The company has a market capitalization of $3.71 billion, a PE ratio of 20.16 and a beta of 0.91. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average price of $25.99 and a 200 day moving average price of $26.31. United Community Banks has a twelve month low of $21.63 and a twelve month high of $31.57.
United Community Banks Announces Dividend
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 $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Friday, June 14th. United Community Banks’s dividend payout ratio is currently 59.74%.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on UCBI
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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