United Community Banks (NASDAQ:UCBI – Get Free Report) released its quarterly earnings results on Wednesday. The financial services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02, Briefing.com reports. United Community Banks had a return on equity of 8.32% and a net margin of 14.29%. 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 previous year, the company posted $0.58 earnings per share. The firm’s revenue was down 6.6% compared to the same quarter last year.
United Community Banks Stock Performance
United Community Banks stock traded down $0.71 during mid-day trading on Thursday, hitting $25.62. 52,141 shares of the company’s stock traded hands, compared to its average volume of 640,261. The firm has a 50 day moving average price of $25.63 and a 200 day moving average price of $26.22. 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 company has a market cap of $3.05 billion, a PE ratio of 16.99 and a beta of 0.94. United Community Banks has a one year low of $20.37 and a one year high of $30.75.
United Community Banks Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend was Thursday, March 14th. United Community Banks’s dividend payout ratio (DPR) is 59.36%.
Analyst Ratings Changes
Read Our Latest Stock Analysis 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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