United Community Banks, Inc. (NASDAQ:UCBI) declared a quarterly dividend on Monday, February 12th, Wall Street Journal reports. Shareholders of record on Thursday, March 15th will be paid a dividend of 0.12 per share by the financial services provider on Thursday, April 5th. This represents a $0.48 annualized dividend and a yield of 1.58%. The ex-dividend date is Wednesday, March 14th. This is an increase from United Community Banks’s previous quarterly dividend of $0.10.
Shares of United Community Banks (NASDAQ:UCBI) traded down $0.02 during midday trading on Monday, hitting $30.38. The stock had a trading volume of 567,679 shares, compared to its average volume of 549,754. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $2,404.91, a price-to-earnings ratio of 32.34 and a beta of 0.91. United Community Banks has a fifty-two week low of $24.47 and a fifty-two week high of $32.71.
United Community Banks (NASDAQ:UCBI) last announced its earnings results on Tuesday, January 23rd. The financial services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.01. United Community Banks had a return on equity of 10.12% and a net margin of 14.14%. The firm had revenue of $118.24 million during the quarter, compared to the consensus estimate of $118.26 million. During the same quarter in the prior year, the company earned $0.40 EPS. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. analysts predict that United Community Banks will post 2.21 earnings per share for the current year.
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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