United Bankshares, Inc. (NASDAQ:UBSI) declared a quarterly dividend on Monday, August 28th, RTT News reports. Shareholders of record on Friday, September 8th will be paid a dividend of 0.33 per share by the financial services provider on Monday, October 2nd. This represents a $1.32 annualized dividend and a yield of 3.92%.

United Bankshares has increased its dividend payment by an average of 2.1% per year over the last three years. United Bankshares has a dividend payout ratio of 68.8% meaning its dividend is sufficiently covered by earnings. Analysts expect United Bankshares to earn $2.17 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 60.8%.

United Bankshares (NASDAQ UBSI) traded down 1.04% on Tuesday, hitting $33.30. The stock had a trading volume of 89,030 shares. United Bankshares has a 1-year low of $31.71 and a 1-year high of $49.35. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 17.82 and a beta of 1.05. The company has a 50-day moving average price of $35.24 and a 200-day moving average price of $39.61.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.14. United Bankshares had a net margin of 20.97% and a return on equity of 5.41%. The company had revenue of $176.75 million during the quarter, compared to the consensus estimate of $164.09 million. During the same period in the previous year, the business earned $0.44 earnings per share. Equities analysts predict that United Bankshares will post $1.92 earnings per share for the current year.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded United Bankshares from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub upgraded United Bankshares from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, Boenning Scattergood upgraded United Bankshares from an “underperform” rating to a “neutral” rating in a report on Thursday, May 18th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. United Bankshares presently has an average rating of “Hold” and an average target price of $42.63.

In other United Bankshares news, insider William Mark Tatterson purchased 1,000 shares of United Bankshares stock in a transaction dated Monday, August 14th. The shares were purchased at an average cost of $32.30 per share, for a total transaction of $32,300.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael P. Fitzgerald sold 13,038 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $40.04, for a total value of $522,041.52. Following the completion of the sale, the director now owns 12,738 shares in the company, valued at $510,029.52. The disclosure for this sale can be found here. Over the last quarter, insiders bought 13,747 shares of company stock worth $460,281. Company insiders own 6.23% of the company’s stock.

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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.

Dividend History for United Bankshares (NASDAQ:UBSI)

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