United Bankshares, Inc. (NASDAQ:UBSI – Get Free Report) 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.
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.
Get Our Latest Analysis on United Bankshares
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.
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