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

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

United Tennessee Bankshares Price Performance

Shares of OTCMKTS UNTN traded down $0.33 during trading on Tuesday, reaching $17.01. 231 shares of the stock traded hands, compared to its average volume of 1,189. The company has a 50-day moving average of $16.82 and a 200-day moving average of $16.56. United Tennessee Bankshares has a 52-week low of $15.68 and a 52-week high of $17.65. The stock has a market capitalization of $12.66 million, a P/E ratio of 9.50 and a beta of 0.19.

United Tennessee Bankshares Increases Dividend

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

About United Tennessee Bankshares

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.