United Bankshares (NASDAQ:UBSI) Announces Quarterly Earnings Results

United Bankshares (NASDAQ:UBSI) posted its quarterly earnings data on Thursday. The financial services provider reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01), Briefing.com reports. United Bankshares had a net margin of 23.84% and a return on equity of 8.05%. The business had revenue of $401.39 million during the quarter, compared to analyst estimates of $256.80 million. During the same quarter in the prior year, the firm posted $0.74 earnings per share.

United Bankshares Stock Performance

Shares of UBSI stock traded down $0.27 during trading hours on Friday, reaching $33.09. 110,869 shares of the company’s stock were exchanged, compared to its average volume of 545,609. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.98 and a quick ratio of 0.98. The company’s 50 day moving average is $34.31 and its two-hundred day moving average is $33.90. The company has a market cap of $4.47 billion, a P/E ratio of 12.24 and a beta of 1.00. United Bankshares has a 1 year low of $25.35 and a 1 year high of $38.74.

United Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were given a $0.37 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.48 dividend on an annualized basis and a yield of 4.47%. United Bankshares’s payout ratio is currently 54.61%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UBSI. Stephens dropped their price target on United Bankshares from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday. Raymond James upped their price target on United Bankshares from $38.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $36.67.

About United Bankshares

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.