United Community Banks (UCBI) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS
United Community Banks (NASDAQ:UCBI) released its quarterly earnings data on Tuesday. The financial services provider reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01, Bloomberg Earnings reports. The company had revenue of $118.24 million during the quarter, compared to the consensus estimate of $118.26 million. United Community Banks had a net margin of 23.09% and a return on equity of 10.31%. United Community Banks’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the firm earned $0.40 EPS.
Shares of United Community Banks (NASDAQ UCBI) traded up $0.34 during trading hours on Tuesday, reaching $31.56. 527,698 shares of the company’s stock traded hands, compared to its average volume of 527,920. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.80 and a current ratio of 0.81. United Community Banks has a 1 year low of $24.47 and a 1 year high of $31.61. The company has a market cap of $2,280.00, a P/E ratio of 21.47 and a beta of 0.89.
The company also recently declared a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 15th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Thursday, December 14th. United Community Banks’s payout ratio is 27.21%.
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United Community Banks Company Profile
United Community Banks, Inc (United) is a bank holding company. United conducts its operations through a community-focused operating model of separate community banks, which, as of December 31, 2016, operated at 139 locations throughout the Atlanta-Sandy Springs-Roswell, Georgia, and Gainesville, Georgia metropolitan statistical areas, upstate and coastal South Carolina, north and coastal Georgia, western North Carolina, and east Tennessee.
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