United Bankshares, Inc. (UBSI) to Issue Quarterly Dividend of $0.38 on April 1st

United Bankshares, Inc. (NASDAQ:UBSI) declared a quarterly dividend on Monday, February 23rd. Shareholders of record on Friday, March 13th will be paid a dividend of 0.38 per share by the financial services provider on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, March 13th.

United Bankshares has increased its dividend payment by an average of 0.0%annually 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% indicating that its dividend is sufficiently covered by earnings. Research analysts expect United Bankshares to earn $3.08 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 49.4%.

United Bankshares Trading Up 0.1%

NASDAQ UBSI opened at $42.60 on Wednesday. United Bankshares has a one year low of $30.50 and a one year high of $45.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 13.03 and a beta of 0.78. The company’s 50-day simple moving average is $41.61 and its two-hundred day simple moving average is $38.73.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.05. The firm had revenue of $430.85 million during the quarter, compared to analysts’ expectations of $315.50 million. United Bankshares had a net margin of 25.51% and a return on equity of 8.60%. During the same quarter in the prior year, the company earned $0.69 EPS. Equities analysts forecast that United Bankshares will post 2.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on UBSI shares. Stephens increased their target price on United Bankshares from $40.00 to $44.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Weiss Ratings upgraded United Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 13th. Piper Sandler reiterated an “overweight” rating and issued a $47.00 target price on shares of United Bankshares in a research note on Monday, January 26th. Zacks Research raised shares of United Bankshares from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, Keefe, Bruyette & Woods raised their price target on shares of United Bankshares from $40.00 to $43.00 and gave the company a “market perform” rating in a report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, United Bankshares presently has a consensus rating of “Moderate Buy” and an average target price of $44.67.

United Bankshares Company Profile

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.