United Community Banks (NASDAQ:UCB – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01), Briefing.com reports. United Community Banks had a return on equity of 8.04% and a net margin of 13.36%. During the same period in the prior year, the business earned $0.45 EPS.
United Community Banks Price Performance
UCB traded down $0.28 during midday trading on Thursday, reaching $27.92. 38,886 shares of the company’s stock traded hands, compared to its average volume of 566,430. The company has a market cap of $3.33 billion, a PE ratio of 18.14 and a beta of 0.89. United Community Banks has a 52 week low of $21.63 and a 52 week high of $31.96. The firm has a fifty day moving average price of $29.02. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.10.
United Community Banks Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 16th were paid a $0.24 dividend. The ex-dividend date was Monday, September 16th. This is a boost from United Community Banks’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 3.44%. United Community Banks’s dividend payout ratio (DPR) is presently 61.94%.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on UCB
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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