United Community Banks (NASDAQ:UCBI – Get Free Report) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02, Briefing.com reports. The company had revenue of $225.80 million during the quarter, compared to analysts’ expectations of $232.00 million. United Community Banks had a return on equity of 8.02% and a net margin of 13.62%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 earnings per share.
United Community Banks Price Performance
NASDAQ:UCBI traded up $0.21 during trading hours on Friday, hitting $26.03. 73,327 shares of the company’s stock traded hands, compared to its average volume of 638,474. The firm has a market cap of $3.10 billion, a P/E ratio of 16.77 and a beta of 0.94. United Community Banks has a 52 week low of $20.37 and a 52 week high of $30.75. The business’s fifty day simple moving average is $25.59 and its two-hundred day simple moving average is $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.
United Community Banks Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.53%. The ex-dividend date was Thursday, March 14th. United Community Banks’s dividend payout ratio is 59.74%.
Wall Street Analysts Forecast Growth
View Our Latest Analysis 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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