United Community Banks (NASDAQ:UCBI – Get Free Report) released its quarterly earnings data on Wednesday. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.07, Briefing.com reports. United Community Banks had a return on equity of 8.04% and a net margin of 13.36%. The business had revenue of $347.00 million during the quarter, compared to analysts’ expectations of $238.95 million. During the same quarter last year, the business 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 opened at $31.18 on Friday. The company’s 50 day moving average price is $26.08 and its 200-day moving average price is $26.34. United Community Banks has a 52 week low of $21.63 and a 52 week high of $31.57. The company has a quick ratio of 0.81, a current ratio of 0.80 and a debt-to-equity ratio of 0.10. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 20.25 and a beta of 0.91.
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 issued a $0.23 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.92 annualized dividend and a yield of 2.95%. United Community Banks’s dividend payout ratio (DPR) is presently 59.74%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on United Community Banks
About United Community Banks
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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