United Community Banks (NASDAQ:UCBI – Get Free Report) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02, Briefing.com reports. United Community Banks had a net margin of 13.62% and a return on equity of 8.02%. The firm 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 firm earned $0.58 EPS. The company’s revenue was down 6.6% on a year-over-year basis.
United Community Banks Stock Performance
UCBI stock traded up $0.18 during midday trading on Friday, reaching $26.00. 46,280 shares of the company were exchanged, compared to its average volume of 638,109. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50-day moving average price of $25.59 and a two-hundred day moving average price of $26.22. United Community Banks has a one year low of $20.37 and a one year high of $30.75. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 16.77 and a beta of 0.94.
United Community Banks Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.23 per share. 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 59.74%.
Analyst Ratings Changes
Check Out Our Latest Research Report on United Community Banks
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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