Analysts Anticipate United Bankshares, Inc. (NASDAQ:UBSI) to Announce $0.62 EPS
Equities research analysts forecast that United Bankshares, Inc. (NASDAQ:UBSI) will announce earnings of $0.62 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for United Bankshares’ earnings. The highest EPS estimate is $0.63 and the lowest is $0.61. United Bankshares also reported earnings of $0.62 per share during the same quarter last year. The business is scheduled to announce its next quarterly earnings report on Tuesday, February 4th.
On average, analysts expect that United Bankshares will report full year earnings of $2.56 per share for the current fiscal year, with EPS estimates ranging from $2.54 to $2.60. For the next financial year, analysts anticipate that the firm will report earnings of $2.43 per share, with EPS estimates ranging from $2.40 to $2.46. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow United Bankshares.
United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The firm had revenue of $185.06 million for the quarter, compared to analyst estimates of $181.44 million. United Bankshares had a return on equity of 7.89% and a net margin of 28.68%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the company earned $0.62 EPS.
Shares of NASDAQ UBSI traded down $0.72 on Thursday, reaching $37.09. 15,200 shares of the company traded hands, compared to its average volume of 461,840. The stock has a market capitalization of $3.85 billion, a PE ratio of 15.13 and a beta of 1.19. United Bankshares has a fifty-two week low of $29.13 and a fifty-two week high of $40.70. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.59. The company has a 50 day moving average of $39.03 and a 200 day moving average of $37.50.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date is Thursday, December 12th. This is an increase from United Bankshares’s previous quarterly dividend of $0.34. United Bankshares’s payout ratio is 55.51%.
Institutional investors have recently added to or reduced their stakes in the company. Strs Ohio lifted its holdings in United Bankshares by 4.3% in the 3rd quarter. Strs Ohio now owns 12,200 shares of the financial services provider’s stock worth $462,000 after buying an additional 500 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of United Bankshares by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,400,515 shares of the financial services provider’s stock valued at $51,944,000 after acquiring an additional 9,420 shares during the last quarter. Susquehanna Fundamental Investments LLC lifted its position in shares of United Bankshares by 25.0% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 8,500 shares of the financial services provider’s stock valued at $315,000 after acquiring an additional 1,700 shares during the last quarter. Dupont Capital Management Corp boosted its stake in shares of United Bankshares by 10.2% during the 3rd quarter. Dupont Capital Management Corp now owns 9,629 shares of the financial services provider’s stock worth $365,000 after acquiring an additional 894 shares in the last quarter. Finally, Great Lakes Advisors LLC bought a new stake in shares of United Bankshares during the 2nd quarter worth $5,917,000. Institutional investors own 69.07% of the company’s stock.
United Bankshares Company Profile
United Bankshares, Inc, a financial holding company, 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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