United Bankshares, Inc. (NASDAQ:UBSI) to Issue Quarterly Dividend of $0.37

United Bankshares, Inc. (NASDAQ:UBSI - Get Free Report) declared a quarterly dividend on Monday, February 24th, RTT News reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.37 per share by the financial services provider on Tuesday, April 1st. This represents a $1.48 annualized dividend and a dividend yield of 4.15%. The ex-dividend date is Friday, March 14th.

United Bankshares has increased its dividend by an average of 1.6% per year over the last three years and has increased its dividend annually for the last 26 consecutive years. United Bankshares has a payout ratio of 48.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect United Bankshares to earn $3.08 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 48.1%.

United Bankshares Stock Performance

Shares of NASDAQ:UBSI traded up $0.27 during trading on Thursday, hitting $35.65. 393,819 shares of the stock traded hands, compared to its average volume of 509,075. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 13.00 and a beta of 1.02. The company has a fifty day moving average price of $37.75 and a two-hundred day moving average price of $38.36. United Bankshares has a 52-week low of $30.68 and a 52-week high of $44.43.

United Bankshares (NASDAQ:UBSI - Get Free Report) last issued its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. United Bankshares had a net margin of 22.94% and a return on equity of 7.60%. During the same period last year, the firm posted $0.59 earnings per share. As a group, equities analysts predict that United Bankshares will post 2.81 EPS for the current year.

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Insider Transactions at United Bankshares

In other news, Director Mark R. Nesselroad sold 6,000 shares of the business's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $39.16, for a total transaction of $234,960.00. Following the transaction, the director now owns 35,424 shares of the company's stock, valued at approximately $1,387,203.84. The trade was a 14.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.66% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on UBSI. Keefe, Bruyette & Woods cut their price target on shares of United Bankshares from $46.00 to $45.00 and set a "market perform" rating for the company in a report on Monday, January 27th. StockNews.com lowered shares of United Bankshares from a "hold" rating to a "sell" rating in a report on Monday, January 27th. Finally, Stephens reaffirmed an "equal weight" rating and set a $43.00 target price on shares of United Bankshares in a report on Monday, January 27th.

About United Bankshares

United Bankshares, Inc, through its subsidiaries, primarily provides commercial and retail banking products and services in the United States. It operates through two segments, Community Banking and Mortgage Banking. The company accepts checking, savings, and time and money market accounts; individual retirement accounts; and demand deposits, statement and special savings, and NOW accounts.