United Bankshares (NASDAQ:UBSI - Get Free Report) announced its quarterly earnings results on Thursday. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.01), Briefing.com reports. The firm had revenue of $401.39 million during the quarter, compared to analysts' expectations of $256.80 million. United Bankshares had a return on equity of 8.05% and a net margin of 23.84%. During the same period in the previous year, the company posted $0.74 earnings per share.
United Bankshares Trading Down 0.0 %
Shares of United Bankshares stock traded down $0.01 during trading on Friday, reaching $33.35. 755,761 shares of the stock were exchanged, compared to its average volume of 553,662. United Bankshares has a 1 year low of $25.35 and a 1 year high of $38.74. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.37. The stock's fifty day moving average is $34.26 and its 200 day moving average is $33.89. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 12.31 and a beta of 1.00.
United Bankshares Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were issued a dividend of $0.37 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.48 dividend on an annualized basis and a yield of 4.44%. United Bankshares's dividend payout ratio is currently 54.61%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on UBSI shares. Raymond James upped their price objective on United Bankshares from $38.00 to $41.00 and gave the stock an "outperform" rating in a report on Friday, January 5th. Stephens cut their target price on United Bankshares from $36.00 to $34.00 and set an "equal weight" rating for the company in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, United Bankshares presently has a consensus rating of "Hold" and a consensus target price of $36.67.
Read Our Latest Research Report on United Bankshares
About United Bankshares
(
Get Free Report)
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.
See Also
Before you consider United Bankshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Bankshares wasn't on the list.
While United Bankshares currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
