United Bankshares (UBSI) Earning Somewhat Positive Media Coverage, Study Finds
Press coverage about United Bankshares (NASDAQ:UBSI) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. United Bankshares earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 45.7044191798223 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern’s rankings:
- United Bankshares (UBSI) versus Howard Bancorp (HBMD) Financial Comparison (americanbankingnews.com)
- ETFs with exposure to United Bankshares, Inc. (West Virginia) : September 25, 2017 (finance.yahoo.com)
- United Bankshares, Inc. (West Virginia) : UBSI-US: Dividend Analysis : September 08th, 2017 (record date) : By the numbers : September 27, 2017 (finance.yahoo.com)
- United Bankshares, Inc. (UBSI) Upgraded to Hold by Zacks Investment Research (americanbankingnews.com)
Shares of United Bankshares (UBSI) opened at 37.30 on Wednesday. United Bankshares has a 12-month low of $31.70 and a 12-month high of $49.35. The firm has a market cap of $3.92 billion, a P/E ratio of 19.96 and a beta of 1.06. The company has a 50-day moving average of $34.43 and a 200 day moving average of $37.72.
United Bankshares (NASDAQ:UBSI) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.14). The business had revenue of $176.75 million for the quarter, compared to analyst estimates of $164.09 million. United Bankshares had a net margin of 25.20% and a return on equity of 6.42%. During the same period in the prior year, the business earned $0.44 earnings per share. Equities analysts predict that United Bankshares will post $1.92 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 8th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.32 annualized dividend and a yield of 3.54%. United Bankshares’s dividend payout ratio (DPR) is 69.47%.
United Bankshares declared that its Board of Directors has authorized a share buyback program on Monday, August 28th that authorizes the company to repurchase 2,000,000 shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
Several brokerages recently weighed in on UBSI. BidaskClub downgraded shares of United Bankshares from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 19th. Zacks Investment Research cut shares of United Bankshares from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $42.63.
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In other news, Chairman Richard M. Sr Adams, Sr. purchased 7,405 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were acquired at an average price of $33.85 per share, with a total value of $250,659.25. Following the completion of the purchase, the chairman now directly owns 631,170 shares of the company’s stock, valued at approximately $21,365,104.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William Mark Tatterson purchased 1,000 shares of the firm’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 ninety days, insiders acquired 15,247 shares of company stock valued at $510,526. Insiders own 6.23% of the company’s stock.
United Bankshares Company Profile
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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