United Community Banks (NASDAQ:UCBI – Get Free Report) issued its earnings results on Wednesday. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07, Briefing.com reports. United Community Banks had a net margin of 13.62% and a return on equity of 8.02%. The business had revenue of $347.00 million for the quarter, compared to analysts’ expectations of $238.95 million. During the same quarter in the previous year, the firm posted $0.55 EPS. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year.
United Community Banks Trading Up 3.8 %
NASDAQ UCBI traded up $1.13 during trading on Thursday, hitting $31.18. 1,207,799 shares of the company’s stock traded hands, compared to its average volume of 591,213. The stock has a fifty day moving average of $25.99 and a two-hundred day moving average of $26.31. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.81 and a quick ratio of 0.81. United Community Banks has a 12-month low of $21.63 and a 12-month high of $31.57. The firm has a market cap of $3.71 billion, a P/E ratio of 20.16 and a beta of 0.91.
United Community Banks Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Saturday, June 15th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.92 annualized dividend and a yield of 2.95%. United Community Banks’s payout ratio is 59.74%.
Wall Street Analysts Forecast Growth
Get Our Latest Research 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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