United Bankshares (UBSI) Earns Media Impact Rating of 0.11
News headlines about United Bankshares (NASDAQ:UBSI) have been trending somewhat positive on Thursday, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. United Bankshares earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.0373079233917 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s rankings:
- United Bankshares, Inc. (West Virginia) – Value Analysis (NASDAQ:UBSI) : September 21, 2017 (finance.yahoo.com)
- Is United Bankshares Inc (UBSI) A Buy At Its Current Price? (finance.yahoo.com)
- United Bankshares, Inc. (West Virginia) :UBSI-US: Earnings Analysis: Q2, 2017 By the Numbers : September 22, 2017 (finance.yahoo.com)
- $191.43 Million in Sales Expected for United Bankshares, Inc. (UBSI) This Quarter (americanbankingnews.com)
Shares of United Bankshares (NASDAQ:UBSI) opened at 37.10 on Thursday. United Bankshares has a 52 week low of $31.70 and a 52 week high of $49.35. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 19.85 and a beta of 1.05. The stock has a 50 day moving average of $33.65 and a 200-day moving average of $38.26.
United Bankshares (NASDAQ:UBSI) last issued its earnings results on Thursday, July 27th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.14). United Bankshares had a return on equity of 6.42% and a net margin of 25.20%. The firm had revenue of $176.75 million during the quarter, compared to the consensus estimate of $164.09 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. Analysts expect that United Bankshares will post $1.92 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 8th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, September 7th. United Bankshares’s dividend payout ratio is currently 69.47%.
United Bankshares declared that its Board of Directors has initiated a share repurchase program on Monday, August 28th that permits the company to repurchase 2,000,000 outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
UBSI has been the subject of a number of analyst reports. Zacks Investment Research raised shares of United Bankshares from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, June 28th. BidaskClub raised shares of United Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company has an average rating of “Hold” and a consensus price target of $42.63.
In other news, Chairman Richard M. Sr Adams, Sr. bought 7,405 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average cost of $33.85 per share, for a total transaction of $250,659.25. Following the acquisition, the chairman now directly owns 631,170 shares in the company, valued at $21,365,104.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William Mark Tatterson bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average price of $32.30 per share, for a total transaction of $32,300.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 15,247 shares of company stock worth $510,526. 6.23% of the stock is owned by company insiders.
About United Bankshares
United Bankshares, Inc (United) is a bank holding company. The Company operates through community banking segment. United’s Banking Subsidiaries offer a range of commercial and retail banking services and products. United, through its subsidiaries, engages in community banking and offers banking products and services permitted by law and regulation.
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