United Bankshares (NASDAQ:UBSI) Announces Quarterly Earnings Results

United Bankshares (NASDAQ:UBSI) issued its earnings results on Thursday. The financial services provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01), Briefing.com reports. United Bankshares had a net margin of 23.84% and a return on equity of 8.05%. The company had revenue of $401.39 million during the quarter, compared to analyst estimates of $256.80 million. During the same quarter in the prior year, the business earned $0.74 EPS.

United Bankshares Stock Down 0.1 %

United Bankshares stock traded down $0.05 during midday trading on Friday, reaching $33.31. The stock had a trading volume of 212,225 shares, compared to its average volume of 546,754. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.37. United Bankshares has a 12 month low of $25.35 and a 12 month high of $38.74. The company has a fifty day moving average price of $34.31 and a two-hundred day moving average price of $33.90. The company has a market capitalization of $4.50 billion, a P/E ratio of 12.24 and a beta of 1.00.

United Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were paid a $0.37 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.48 annualized dividend and a dividend yield of 4.44%. United Bankshares’s dividend payout ratio is presently 54.61%.

Analyst Ratings Changes

UBSI has been the topic of several recent research reports. Stephens cut their target price on United Bankshares from $36.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday. Raymond James increased their price target on United Bankshares from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $36.67.

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.