Somewhat Positive Press Coverage Somewhat Unlikely to Impact United Bankshares (UBSI) Share Price
Headlines about United Bankshares (NASDAQ:UBSI) have been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. United Bankshares earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.5132172333799 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of United Bankshares (NASDAQ UBSI) opened at 34.40 on Friday. United Bankshares has a one year low of $31.70 and a one year high of $49.35. The stock has a market cap of $3.61 billion, a PE ratio of 18.41 and a beta of 1.05. The company has a 50-day moving average of $33.61 and a 200 day moving average of $38.50.
United Bankshares (NASDAQ:UBSI) last released its earnings results on Thursday, July 27th. The financial services provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.14). The company had revenue of $176.75 million for the quarter, compared to analysts’ expectations of $164.09 million. United Bankshares had a return on equity of 6.42% and a net margin of 25.20%. During the same period in the prior year, the firm posted $0.44 EPS. On average, analysts predict that United Bankshares will post $1.92 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Thursday, September 7th. United Bankshares’s dividend payout ratio is presently 69.47%.
United Bankshares announced that its board has authorized a stock repurchase program on Monday, August 28th that authorizes the company to buyback 2,000,000 outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
Several brokerages recently issued reports on UBSI. Zacks Investment Research cut shares of United Bankshares from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub cut shares of United Bankshares from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. United Bankshares currently has a consensus rating of “Hold” and a consensus price target of $42.63.
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In related news, Chairman Richard M. Sr Adams, Sr. bought 7,405 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were bought at an average price of $33.85 per share, with a total value of $250,659.25. Following the transaction, the chairman now owns 631,170 shares in the company, valued at $21,365,104.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary G. White bought 1,000 shares of the company’s stock in a transaction on Monday, September 11th. The shares were bought at an average cost of $33.33 per share, for a total transaction of $33,330.00. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 15,247 shares of company stock worth $510,526. 6.23% of the stock is owned by insiders.
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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