United Bankshares (NASDAQ:UBSI) Issues Earnings Results

United Bankshares (NASDAQ:UBSI - Get Free Report) announced its earnings results on Friday. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.01, RTT News reports. United Bankshares had a net margin of 22.05% and a return on equity of 7.58%. During the same quarter last year, the business posted $0.59 EPS.

United Bankshares Stock Up 0.2 %

Shares of UBSI stock traded up $0.06 during trading hours on Friday, hitting $38.40. 634,641 shares of the company's stock traded hands, compared to its average volume of 586,536. United Bankshares has a 12-month low of $30.68 and a 12-month high of $44.43. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 14.55 and a beta of 1.03. The stock's fifty day simple moving average is $39.58 and its two-hundred day simple moving average is $38.09.

United Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date was Friday, December 13th. United Bankshares's dividend payout ratio (DPR) is presently 56.06%.

Analyst Ratings Changes

Separately, StockNews.com upgraded United Bankshares from a "sell" rating to a "hold" rating in a research note on Wednesday, November 13th.

Insider Buying and Selling at United Bankshares

In other United Bankshares news, Director Mark R. Nesselroad sold 6,000 shares of the firm'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 completion of the sale, the director now directly owns 35,424 shares in the company, valued at approximately $1,387,203.84. This trade represents a 14.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J Paul Mcnamara sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.86, for a total transaction of $107,150.00. Following the completion of the transaction, the director now owns 63,409 shares in the company, valued at approximately $2,717,709.74. This represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,500 shares of company stock worth $542,110. 3.66% of the stock is owned by insiders.

United Bankshares Company Profile

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.