United Bankshares (NASDAQ:UBSI) Issues Earnings Results

United Bankshares (NASDAQ:UBSI) issued its quarterly earnings data on Thursday. The financial services provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01), Briefing.com reports. The company had revenue of $401.39 million during the quarter, compared to analysts’ expectations of $256.80 million. United Bankshares had a return on equity of 7.77% and a net margin of 22.51%. During the same period last year, the company earned $0.74 earnings per share.

United Bankshares Stock Performance

Shares of NASDAQ UBSI traded down $0.01 during mid-day trading on Friday, hitting $33.35. The company had a trading volume of 755,761 shares, compared to its average volume of 419,705. The stock’s 50-day moving average price is $34.26 and its 200-day moving average price is $33.89. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of 12.73 and a beta of 1.00. 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 1 year low of $25.35 and a 1 year high of $38.74.

United Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 8th were given a dividend of $0.37 per share. The ex-dividend date of this dividend 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 currently 56.49%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Raymond James increased their target price on shares of United Bankshares from $38.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Stephens reduced their price objective on shares of United Bankshares from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, United Bankshares currently has a consensus rating of “Hold” and a consensus price target 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.