United Community Banks (NASDAQ:UCB) Issues Quarterly Earnings Results

United Community Banks (NASDAQ:UCB) posted its earnings results on Wednesday. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01), Briefing.com reports. United Community Banks had a net margin of 13.36% and a return on equity of 8.04%. During the same quarter in the previous year, the company posted $0.45 EPS.

United Community Banks Stock Performance

Shares of United Community Banks stock opened at $28.25 on Friday. United Community Banks has a one year low of $21.63 and a one year high of $31.96. The company has a market capitalization of $3.37 billion, a P/E ratio of 18.23 and a beta of 0.89. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.80 and a quick ratio of 0.79. The business has a 50-day moving average price of $29.02.

United Community Banks Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 16th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend was Monday, September 16th. This is a positive change from United Community Banks’s previous quarterly dividend of $0.23. United Community Banks’s payout ratio is 61.94%.

Analyst Ratings Changes

Separately, Truist Financial lifted their price objective on shares of United Community Banks from $31.00 to $32.00 and gave the company a “hold” rating in a report on Friday, September 20th.

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.