United Community Banks (NASDAQ:UCBI – Get Free Report) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02, Briefing.com reports. United Community Banks had a return on equity of 8.02% and a net margin of 13.62%. The company had revenue of $225.80 million during the quarter, compared to the consensus estimate of $232.00 million. During the same quarter in the prior year, the firm earned $0.58 EPS. The company’s quarterly revenue was down 6.6% compared to the same quarter last year.
United Community Banks Price Performance
Shares of NASDAQ:UCBI traded up $0.20 during trading on Friday, reaching $26.02. The stock had a trading volume of 107,022 shares, compared to its average volume of 638,865. United Community Banks has a 52 week low of $20.37 and a 52 week high of $30.75. The business’s 50-day moving average price is $25.59 and its 200 day moving average price is $26.22. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $3.10 billion, a PE ratio of 16.90 and a beta of 0.94.
United Community Banks Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Thursday, March 14th. United Community Banks’s dividend payout ratio is 59.74%.
Wall Street Analysts Forecast Growth
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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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