United Bankshares (NASDAQ:UBSI – Get Free Report) 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
Check Out Our Latest Report on United Bankshares
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.
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