United Community Banks (NASDAQ:UCBI – Get Free Report) issued its quarterly 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. The company had revenue of $347.00 million during the quarter, compared to analysts’ expectations of $238.95 million. United Community Banks had a net margin of 13.62% and a return on equity of 8.02%. United Community Banks’s revenue was up 17.3% on a year-over-year basis. During the same period last year, the company posted $0.55 EPS.
United Community Banks Stock Performance
Shares of UCBI stock traded up $1.13 during trading hours on Thursday, reaching $31.18. The company had a trading volume of 1,207,799 shares, compared to its average volume of 591,213. The business has a fifty day moving average price of $25.99 and a 200-day moving average price of $26.31. United Community Banks has a one year low of $21.63 and a one year high of $31.57. The firm has a market cap of $3.71 billion, a PE ratio of 20.16 and a beta of 0.91. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.81 and a current ratio of 0.81.
United Community Banks Dividend Announcement
The business 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 was Friday, June 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.95%. United Community Banks’s dividend payout ratio is presently 59.74%.
Analysts Set New Price Targets
Read Our Latest Analysis on UCBI
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.
Featured Articles
- Five stocks we like better than United Community Banks
- 3 Best Fintech Stocks for a Portfolio Boost
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- How to Use the MarketBeat Excel Dividend Calculator
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- What is a Death Cross in Stocks?
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Receive News & Ratings for United Community Banks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Community Banks and related companies with MarketBeat.com's FREE daily email newsletter.