United Community Banks (NASDAQ:UCBI – Get Free Report) posted its earnings results on Wednesday. The financial services provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02, Briefing.com reports. United Community Banks had a net margin of 14.29% and a return on equity of 8.32%. The company had revenue of $225.80 million for the quarter, compared to analyst estimates of $232.00 million. During the same quarter in the prior year, the business posted $0.58 EPS. The firm’s revenue was down 6.6% compared to the same quarter last year.
United Community Banks Trading Down 2.4 %
UCBI traded down $0.62 on Thursday, reaching $25.71. 126,086 shares of the company traded hands, compared to its average volume of 641,209. United Community Banks has a one year low of $20.37 and a one year high of $30.75. The firm has a fifty day simple moving average of $25.63 and a two-hundred day simple moving average of $26.22. The company has a market cap of $3.06 billion, a P/E ratio of 16.50 and a beta of 0.94. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.10.
United Community Banks Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.92 dividend on an annualized basis and a yield of 3.58%. United Community Banks’s payout ratio is 59.36%.
Analysts Set New Price Targets
View Our Latest Stock 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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