United Bankshares (UBSI) Expected to Announce Earnings on Friday

United Bankshares (NASDAQ:UBSI) is expected to post its quarterly earnings results before the market opens on Friday, January 24th. Analysts expect United Bankshares to post earnings of $0.67 per share and revenue of $262,080.00 billion for the quarter.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. The firm had revenue of $414.67 million for the quarter, compared to analysts’ expectations of $260.30 million. United Bankshares had a return on equity of 7.58% and a net margin of 22.05%. During the same period in the previous year, the firm posted $0.71 EPS. On average, analysts expect United Bankshares to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

United Bankshares Price Performance

Shares of UBSI opened at $38.10 on Friday. The company has a market capitalization of $5.15 billion, a P/E ratio of 14.43 and a beta of 1.03. The firm has a 50 day moving average of $39.97 and a 200 day moving average of $37.87. United Bankshares has a twelve month low of $30.68 and a twelve month high of $44.43. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.11.

United Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.48 dividend on an annualized basis and a yield of 3.88%. United Bankshares’s dividend payout ratio (DPR) is 56.06%.

Insider Activity

In related news, Director Mark R. Nesselroad sold 6,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $39.16, for a total transaction of $234,960.00. Following the completion of the transaction, the director now directly owns 35,424 shares of the company’s stock, valued at approximately $1,387,203.84. This represents a 14.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director J Paul Mcnamara sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.86, for a total value of $107,150.00. Following the sale, the director now directly owns 63,409 shares in the company, valued at $2,717,709.74. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,500 shares of company stock worth $542,110 over the last quarter. Insiders own 3.66% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised United Bankshares from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th.

United Bankshares Company Profile

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.