United Bankshares, Inc. (UBSI) to Issue Quarterly Dividend of $0.37 on January 2nd

United Bankshares, Inc. (NASDAQ:UBSI) declared a quarterly dividend on Friday, November 8th,Zacks Dividends reports. Investors of record on Friday, December 13th will be paid a dividend of 0.37 per share by the financial services provider on Thursday, January 2nd. This represents a $1.48 annualized dividend and a yield of 3.54%. The ex-dividend date is Friday, December 13th.

United Bankshares has raised its dividend payment by an average of 1.2% annually over the last three years and has increased its dividend annually for the last 25 consecutive years. United Bankshares has a payout ratio of 57.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect United Bankshares to earn $2.71 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 54.6%.

United Bankshares Stock Performance

Shares of NASDAQ:UBSI traded up $0.54 during midday trading on Wednesday, hitting $41.84. The company’s stock had a trading volume of 57,419 shares, compared to its average volume of 519,809. United Bankshares has a fifty-two week low of $30.68 and a fifty-two week high of $44.43. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.97. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 15.64 and a beta of 1.01. The stock’s 50 day simple moving average is $39.62 and its 200 day simple moving average is $36.74.

United Bankshares (NASDAQ:UBSI) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. United Bankshares had a net margin of 22.05% and a return on equity of 7.58%. The business had revenue of $414.67 million for the quarter, compared to analyst estimates of $260.30 million. During the same quarter in the previous year, the firm posted $0.71 earnings per share. As a group, research analysts anticipate that United Bankshares will post 2.73 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of United Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, United Bankshares presently has a consensus rating of “Hold” and a consensus target price of $40.25.

Insider Buying and Selling

In other news, Director Peter A. Converse sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $40.00, for a total transaction of $200,000.00. Following the completion of the sale, the director now owns 434,769 shares in the company, valued at $17,390,760. The trade was a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director J Paul Mcnamara sold 2,500 shares of United Bankshares stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.86, for a total value of $107,150.00. Following the completion of the sale, the director now owns 63,409 shares of the company’s stock, valued at approximately $2,717,709.74. The trade was a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.66% of the stock is owned by corporate insiders.

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.