United Bankshares, Inc. (UBSI) To Go Ex-Dividend on September 11th

United Bankshares, Inc. (NASDAQ:UBSI) declared a quarterly dividend on Monday, August 24th. Stockholders of record on Friday, September 11th will be given a dividend of 0.38 per share by the financial services provider on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, September 11th.

United Bankshares has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 26 consecutive years. United Bankshares has a payout ratio of 47.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect United Bankshares to earn $3.88 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 39.2%.

United Bankshares Trading Down 0.8%

Shares of NASDAQ:UBSI opened at $47.41 on Wednesday. The stock has a 50 day moving average of $47.21 and a 200 day moving average of $44.32. The company has a market cap of $6.46 billion, a PE ratio of 12.92 and a beta of 0.71. United Bankshares has a 12-month low of $34.10 and a 12-month high of $49.62. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.10.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $323.82 million for the quarter, compared to the consensus estimate of $320.07 million. United Bankshares had a net margin of 27.97% and a return on equity of 9.39%. During the same quarter in the previous year, the firm earned $0.85 earnings per share. As a group, equities research analysts expect that United Bankshares will post 3.71 EPS for the current year.

About United Bankshares

United Bankshares, Inc, headquartered in Charleston, West Virginia, is a bank holding company that provides a full range of financial services through its primary subsidiary, United Bank. The company’s core offerings include retail and commercial banking products such as checking and savings accounts, certificates of deposit, personal and business loans, mortgages, and treasury management services. In addition, United Bankshares delivers private banking, wealth management, trust and fiduciary solutions, and investment advisory services to meet the needs of individual, corporate, and institutional clients.

United Bankshares operates an extensive branch network across West Virginia, Virginia, Maryland, the District of Columbia, Ohio, Pennsylvania, and South Carolina.