United Bankshares, Inc. (UBSI) to Issue Quarterly Dividend of $0.37 on October 1st

United Bankshares, Inc. (NASDAQ:UBSI) announced a quarterly dividend on Monday, August 26th, Zacks reports. Shareholders of record on Friday, September 13th will be paid a dividend of 0.37 per share by the financial services provider on Tuesday, October 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend is Friday, September 13th.

United Bankshares has increased its dividend payment by an average of 1.2% per year over the last three years and has increased its dividend every year for the last 25 years. United Bankshares has a dividend payout ratio of 55.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect United Bankshares to earn $2.79 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 53.0%.

United Bankshares Price Performance

United Bankshares stock opened at $36.54 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.99 and a current ratio of 1.00. The firm has a market cap of $4.94 billion, a P/E ratio of 13.95 and a beta of 0.99. The business’s fifty day moving average is $36.43 and its two-hundred day moving average is $34.47. United Bankshares has a 52 week low of $25.35 and a 52 week high of $39.93.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.07. The company had revenue of $255.94 million for the quarter, compared to analyst estimates of $255.54 million. United Bankshares had a return on equity of 7.72% and a net margin of 22.44%. The business’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 earnings per share. Equities research analysts forecast that United Bankshares will post 2.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. DA Davidson upped their price objective on United Bankshares from $36.00 to $41.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Stephens upped their price objective on United Bankshares from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. StockNews.com downgraded United Bankshares from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods increased their price target on United Bankshares from $38.00 to $40.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.