United Tennessee Bankshares (OTCMKTS:UNTN) Issues Earnings Results

United Tennessee Bankshares (OTCMKTS:UNTN) announced its quarterly earnings results on Tuesday. The company reported $0.31 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $1.64 million during the quarter.

United Tennessee Bankshares Stock Down 0.1 %

Shares of OTCMKTS:UNTN opened at $17.00 on Thursday. The firm has a 50 day moving average of $16.83 and a 200 day moving average of $16.56. The company has a market capitalization of $12.65 million, a price-to-earnings ratio of 9.50 and a beta of 0.19. United Tennessee Bankshares has a 52 week low of $15.68 and a 52 week high of $17.65.

United Tennessee Bankshares Increases Dividend

The firm 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 dividend of $0.62 per share. The ex-dividend date is Monday, March 31st. This is an increase from United Tennessee Bankshares’s previous annual dividend of $0.61. This represents a dividend yield of 3.65%. 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.