United Bankshares, Inc. (NASDAQ:UBSI) declared a quarterly dividend on Monday, February 26th, RTT News reports. Shareholders of record on Friday, March 9th will be paid a dividend of 0.34 per share by the financial services provider on Monday, April 2nd. This represents a $1.36 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Thursday, March 8th.
United Bankshares has raised its dividend by an average of 1.0% annually over the last three years. United Bankshares has a dividend payout ratio of 71.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect United Bankshares to earn $2.62 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 51.9%.
Shares of United Bankshares stock opened at $36.75 on Thursday. The stock has a market cap of $3,928.56, a PE ratio of 23.46, a PEG ratio of 1.88 and a beta of 1.05. United Bankshares has a 12 month low of $31.70 and a 12 month high of $42.85. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.04 and a quick ratio of 1.02.
UBSI has been the subject of a number of research reports. TheStreet upgraded shares of United Bankshares from a “c+” rating to a “b-” rating in a report on Wednesday, February 21st. BidaskClub upgraded shares of United Bankshares from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Zacks Investment Research downgraded shares of United Bankshares from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Finally, Sandler O’Neill set a $38.00 price target on shares of United Bankshares and gave the stock a “hold” rating in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. United Bankshares currently has a consensus rating of “Hold” and an average price target of $41.33.
In other news, Director Michael P. Fitzgerald sold 27,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $37.05, for a total transaction of $1,000,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter A. Converse sold 69,020 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $37.03, for a total transaction of $2,555,810.60. The disclosure for this sale can be found here. Insiders sold a total of 118,520 shares of company stock worth $4,405,311 over the last 90 days. Company insiders own 6.23% of the company’s stock.
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United Bankshares Company Profile
United Bankshares, Inc (United) is a bank holding company. The Company operates through community banking segment. United’s Banking Subsidiaries offer a range of commercial and retail banking services and products. United, through its subsidiaries, engages in community banking and offers banking products and services permitted by law and regulation.
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