United Tennessee Bankshares (OTCMKTS:UNTN) Posts Earnings Results

United Tennessee Bankshares (OTCMKTS:UNTN) posted its earnings results on Friday. The company reported $0.56 earnings per share for the quarter, Zacks reports.

United Tennessee Bankshares Trading Up 0.1 %

UNTN traded up $0.02 during mid-day trading on Friday, hitting $16.45. 1,901 shares of the stock were exchanged, compared to its average volume of 1,200. The firm’s fifty day moving average is $16.82 and its two-hundred day moving average is $16.55. United Tennessee Bankshares has a 1-year low of $15.68 and a 1-year high of $17.65. The company has a market cap of $12.26 million, a PE ratio of 9.19 and a beta of -0.07.

United Tennessee Bankshares Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.62 dividend. The ex-dividend date is Monday, March 31st. This is a boost from United Tennessee Bankshares’s previous annual dividend of $0.61. This represents a dividend yield of 3.65%. United Tennessee Bankshares’s payout ratio is presently 38.04%.

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.