United Bankshares, Inc., a financial holding company, 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, NOW accounts, and interest-bearing checking accounts. Its loan products include commercial loans and leases; construction and real estate loans; personal, student, credit card, commercial, and floor plan loans; and home equity loans. In addition, the company provides credit cards; safe deposit boxes, wire transfers, and other banking products and services; investment and security services; services to correspondent banks, including buying and selling federal funds; automated teller machine services; and internet and telephone banking services. Further, it offers community banking services, such as asset management, real property title insurance, financial planning, mortgage banking, and brokerage services. As of December 31, 2021, the company operated 250 offices in Virginia, Maryland, Washington, D.C., North Carolina, South Carolina, Georgia, Pennsylvania, West Virginia, and Ohio. United Bankshares, Inc. was incorporated in 1982 and is headquartered in Charleston, West Virginia.
United Bankshares Price Performance
NASDAQ:UBSI traded up $0.39 during trading on Friday, reaching $39.81. The company's stock had a trading volume of 11,768 shares, compared to its average volume of 785,924. The stock has a market capitalization of $5.36 billion, a PE ratio of 15.43 and a beta of 1.11. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.89 and a quick ratio of 0.88. The firm has a fifty day moving average of $36.29 and a 200 day moving average of $35.69. United Bankshares has a one year low of $31.74 and a one year high of $39.79.
United Bankshares (NASDAQ:UBSI - Get Rating) last announced its earnings results on Thursday, July 28th. The financial services provider reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.08. United Bankshares had a return on equity of 7.53% and a net margin of 33.26%. During the same period last year, the company posted $0.73 EPS. Analysts expect that United Bankshares will post 2.81 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. DA Davidson reiterated a "neutral" rating on shares of United Bankshares in a research note on Wednesday, July 27th. Raymond James decreased their price objective on United Bankshares from $40.00 to $39.00 and set an "outperform" rating on the stock in a research note on Thursday, July 7th.