United Bankshares (NASDAQ:UBSI) Issues Earnings Results

United Bankshares (NASDAQ:UBSI) issued its quarterly earnings data on Thursday. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01), Briefing.com reports. United Bankshares had a return on equity of 7.77% and a net margin of 22.51%. The firm had revenue of $401.39 million for the quarter, compared to analysts’ expectations of $256.80 million. During the same period last year, the company earned $0.74 earnings per share.

United Bankshares Trading Down 0.0 %

UBSI stock traded down $0.01 during mid-day trading on Friday, reaching $33.35. 755,761 shares of the stock traded hands, compared to its average volume of 419,705. The business has a 50-day moving average price of $34.26 and a two-hundred day moving average price of $33.89. The stock has a market capitalization of $4.50 billion, a PE ratio of 12.73 and a beta of 1.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 0.98. United Bankshares has a one year low of $25.35 and a one year high of $38.74.

United Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 8th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.44%. The ex-dividend date was Thursday, March 7th. United Bankshares’s payout ratio is 56.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Raymond James upped their price target on shares of United Bankshares from $38.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, January 5th. Stephens decreased their target price on shares of United Bankshares from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $36.67.

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.