United Tennessee Bankshares (OTCMKTS:UNTN) Posts Quarterly Earnings Results

United Tennessee Bankshares (OTCMKTS:UNTN) released its earnings results on Tuesday. The company reported $0.31 EPS for the quarter, Zacks reports.

United Tennessee Bankshares Stock Down 1.9 %

Shares of UNTN stock traded down $0.33 during mid-day trading on Tuesday, reaching $17.01. 231 shares of the company’s stock traded hands, compared to its average volume of 1,189. The company’s 50-day moving average price is $16.82 and its 200-day moving average price is $16.56. The company has a market cap of $12.66 million, a P/E ratio of 9.50 and a beta of 0.19. United Tennessee Bankshares has a 12 month low of $15.68 and a 12 month high of $17.65.

United Tennessee Bankshares Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be given a dividend of $0.62 per share. The ex-dividend date is Monday, March 31st. This represents a yield of 3.65%. This is a positive change from United Tennessee Bankshares’s previous annual dividend of $0.61. United Tennessee Bankshares’s dividend payout ratio (DPR) is currently 34.64%.

United Tennessee Bankshares Company Profile

United Tennessee Bankshares, Inc operates as the holding company for Newport Federal Bank that provides various financial services to individuals and corporate customers. The company accepts interest-bearing checking, savings, NOW, passbook savings, money market, and individual retirement accounts, as well as certificates of deposit.