United Bankshares (NASDAQ:UBSI - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Thursday, April 24th. Analysts expect United Bankshares to post earnings of $0.66 per share and revenue of $279.02 million for the quarter.
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, beating analysts' consensus estimates 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 quarter in the previous year, the company earned $0.59 EPS. On average, analysts expect United Bankshares to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
United Bankshares Trading Up 0.2 %
Shares of NASDAQ:UBSI traded up $0.07 during midday trading on Friday, reaching $33.51. The company's stock had a trading volume of 2,560,841 shares, compared to its average volume of 605,802. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 12.23 and a beta of 0.91. The firm has a 50 day moving average price of $34.67 and a two-hundred day moving average price of $37.51. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. United Bankshares has a fifty-two week low of $30.51 and a fifty-two week high of $44.43.
United Bankshares Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.48 annualized dividend and a dividend yield of 4.42%. United Bankshares's dividend payout ratio is currently 54.01%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the stock. Stephens restated an "equal weight" rating and issued a $43.00 price target on shares of United Bankshares in a report on Monday, January 27th. StockNews.com downgraded United Bankshares from a "hold" rating to a "sell" rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods lowered their price objective on United Bankshares from $46.00 to $45.00 and set a "market perform" rating for the company in a research note on Monday, January 27th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $38.50 price objective on shares of United Bankshares in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $41.88.
View Our Latest Stock Analysis on UBSI
Insider Activity at United Bankshares
In other news, Director Sara Dumond purchased 2,600 shares of the business's stock in a transaction dated Monday, March 24th. The stock was bought at an average price of $35.01 per share, for a total transaction of $91,026.00. Following the purchase, the director now owns 5,054 shares of the company's stock, valued at $176,940.54. The trade was a 105.95 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.66% of the stock is owned by company insiders.
Institutional Investors Weigh In On United Bankshares
An institutional investor recently raised its position in United Bankshares stock. Brighton Jones LLC raised its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,873 shares of the financial services provider's stock after acquiring an additional 748 shares during the quarter. Brighton Jones LLC's holdings in United Bankshares were worth $634,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 70.80% of the company's stock.
United Bankshares Company Profile
(
Get Free Report)
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.
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