United Bankshares (NASDAQ:UBSI) Issues Quarterly Earnings Results, Misses Estimates By $0.01 EPS

United Bankshares (NASDAQ:UBSI) announced its earnings results on Thursday. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01), Briefing.com reports. United Bankshares had a net margin of 22.51% and a return on equity of 7.77%. The business had revenue of $401.39 million for the quarter, compared to analyst estimates of $256.80 million. During the same period in the prior year, the company earned $0.74 earnings per share.

United Bankshares Stock Down 0.0 %

Shares of UBSI stock opened at $33.35 on Friday. The stock’s 50-day simple moving average is $34.22 and its 200-day simple moving average is $33.93. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $4.50 billion, a PE ratio of 12.73 and a beta of 1.00. United Bankshares has a fifty-two week low of $25.35 and a fifty-two week high of $38.74.

United Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend was Thursday, March 7th. United Bankshares’s dividend payout ratio is presently 56.49%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Raymond James upped their target price on United Bankshares from $38.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Stephens reduced their target price on United Bankshares from $36.00 to $34.00 and set an “equal weight” rating on the stock 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.