United Bankshares, Inc. (NASDAQ:UBSI) Announces $0.37 Quarterly Dividend

Key Points

• United Bankshares, Inc. announced a quarterly dividend of $0.37 per share, with a yield of 3.9%, set to be paid on October 1st to investors of record as of September 12th.
• The company has a dividend payout ratio of 46.3%, indicating that it is well-positioned to cover its announced dividend based on projected earnings of $3.08 per share for next year.
• United Bankshares stock is currently trading down by 1.5% at $38.14, with an average analyst rating of "Hold" and a consensus price target of $40.50.

United Bankshares, Inc. (NASDAQ:UBSI - Get Free Report) announced a quarterly dividend on Monday, August 25th, RTT News reports. Investors of record on Friday, September 12th will be paid a dividend of 0.37 per share by the financial services provider on Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 3.9%.

United Bankshares has a dividend payout ratio of 46.3% 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 $1.48 annual dividend with an expected future payout ratio of 48.1%.

United Bankshares Trading Down 1.5%

United Bankshares stock traded down $0.59 during midday trading on Monday, reaching $38.14. The stock had a trading volume of 521,007 shares, compared to its average volume of 639,222. The firm's fifty day simple moving average is $36.76 and its two-hundred day simple moving average is $35.76. United Bankshares has a twelve month low of $30.50 and a twelve month high of $44.43. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 13.48 and a beta of 0.79.

United Bankshares (NASDAQ:UBSI - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.08. United Bankshares had a net margin of 23.14% and a return on equity of 7.65%. The firm had revenue of $306.00 million during the quarter, compared to analyst estimates of $297.98 million. During the same quarter last year, the business posted $0.71 EPS. Equities analysts anticipate that United Bankshares will post 2.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on UBSI shares. Zacks Research raised shares of United Bankshares to a "hold" rating in a research note on Friday, August 8th. Wall Street Zen lowered shares of United Bankshares from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of United Bankshares from $42.00 to $40.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $40.50.

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.

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