United Community Banks (NASDAQ:UCBI) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01, Bloomberg Earnings reports. United Community Banks had a net margin of 23.09% and a return on equity of 10.31%. The company had revenue of $118.24 million during the quarter, compared to analyst estimates of $118.26 million. During the same quarter last year, the business posted $0.40 EPS. United Community Banks’s quarterly revenue was up 11.4% compared to the same quarter last year.
United Community Banks (NASDAQ UCBI) traded up $0.34 on Tuesday, reaching $31.56. 527,698 shares of the company traded hands, compared to its average volume of 527,920. The company has a market cap of $2,280.00, a P/E ratio of 21.47 and a beta of 0.89. United Community Banks has a 52 week low of $24.47 and a 52 week high of $31.61. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.80 and a current ratio of 0.81.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 15th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.27%. The ex-dividend date was Thursday, December 14th. United Community Banks’s dividend payout ratio (DPR) is presently 27.21%.
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About United Community Banks
United Community Banks, Inc (United) is a bank holding company. United conducts its operations through a community-focused operating model of separate community banks, which, as of December 31, 2016, operated at 139 locations throughout the Atlanta-Sandy Springs-Roswell, Georgia, and Gainesville, Georgia metropolitan statistical areas, upstate and coastal South Carolina, north and coastal Georgia, western North Carolina, and east Tennessee.
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