United Tennessee Bankshares (OTCMKTS:UNTN) Releases Earnings Results

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

United Tennessee Bankshares Stock Up 0.1 %

OTCMKTS:UNTN opened at $16.45 on Friday. The stock’s fifty day simple moving average is $16.82 and its 200-day simple moving average is $16.55. The firm has a market capitalization of $12.26 million, a P/E ratio of 9.19 and a beta of -0.07. 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 firm also recently announced an annual dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.62 per share. This represents a yield of 3.65%. The ex-dividend date is Monday, March 31st. This is a positive change from United Tennessee Bankshares’s previous annual dividend of $0.61. United Tennessee Bankshares’s payout ratio is currently 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.