United Community Banks (NASDAQ:UCBI – Get Free Report) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.07, Briefing.com reports. The business had revenue of $347.00 million during the quarter, compared to analyst estimates of $238.95 million. United Community Banks had a return on equity of 8.04% and a net margin of 13.36%. United Community Banks’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 EPS.
United Community Banks Price Performance
Shares of UCBI stock traded up $0.25 on Friday, hitting $31.43. 87,048 shares of the company’s stock were exchanged, compared to its average volume of 588,096. The company has a 50 day moving average of $26.08 and a 200 day moving average of $26.34. The stock has a market cap of $3.74 billion, a P/E ratio of 20.45 and a beta of 0.91. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.80 and a quick ratio of 0.81. United Community Banks has a 12 month low of $21.63 and a 12 month high of $31.96.
United Community Banks Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Saturday, June 15th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.92 annualized dividend and a dividend yield of 2.93%. United Community Banks’s payout ratio is 59.74%.
Analysts Set New Price Targets
View Our Latest 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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