United Bankshares (NASDAQ:UBSI) Announces Earnings Results

United Bankshares (NASDAQ:UBSI) announced its quarterly earnings results on Thursday. The financial services provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03, Briefing.com reports. United Bankshares had a return on equity of 7.72% and a net margin of 22.44%. The firm had revenue of $414.67 million for the quarter, compared to analysts’ expectations of $260.30 million. During the same period in the prior year, the business posted $0.71 earnings per share.

United Bankshares Price Performance

United Bankshares stock traded down $0.03 on Friday, reaching $37.16. The company’s stock had a trading volume of 92,657 shares, compared to its average volume of 516,370. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.99 and a current ratio of 1.00. United Bankshares has a twelve month low of $27.21 and a twelve month high of $39.93. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 14.19 and a beta of 0.99. The business’s fifty day moving average price is $37.19 and its 200 day moving average price is $35.02.

United Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date was Friday, September 13th. United Bankshares’s dividend payout ratio is currently 56.49%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. DA Davidson upped their price target on United Bankshares from $36.00 to $41.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods upped their price target on United Bankshares from $38.00 to $40.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. Stephens upped their price target on United Bankshares from $36.00 to $39.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Finally, StockNews.com cut United Bankshares from a “hold” rating to a “sell” rating in a research report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, United Bankshares presently has a consensus rating of “Hold” and a consensus target price of $40.25.

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.