United Bankshares, Inc. (NASDAQ:UBSI) Plans $0.37 Quarterly Dividend

United Bankshares, Inc. (NASDAQ:UBSI) announced a quarterly dividend on Monday, August 26th, Zacks reports. Investors 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 yield of 4.09%. The ex-dividend date of this dividend is Friday, September 13th.

United Bankshares has increased its dividend by an average of 1.2% annually over the last three years and has raised 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 Trading Down 1.1 %

Shares of UBSI opened at $36.15 on Thursday. United Bankshares has a twelve month low of $25.35 and a twelve month high of $39.93. The stock has a market cap of $4.89 billion, a PE ratio of 13.80 and a beta of 0.99. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.31. The business’s 50-day moving average price is $36.51 and its 200-day moving average price is $34.48.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on UBSI. Stephens increased their price objective on United Bankshares from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods lifted their price target on United Bankshares from $38.00 to $40.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. StockNews.com cut shares of United Bankshares from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, DA Davidson lifted their target price on shares of United Bankshares from $36.00 to $41.00 and gave the company a “neutral” rating in a research 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 issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.