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

United Bankshares, Inc. (NASDAQ:UBSI) announced a quarterly dividend on Monday, February 24th, RTT News reports. Investors of record on Friday, March 14th will be paid a dividend of 0.37 per share by the financial services provider on Tuesday, April 1st. This represents a $1.48 annualized dividend and a yield of 4.18%.

United Bankshares has increased its dividend payment by an average of 1.6% per year over the last three years and has increased its dividend every year for the last 26 years. United Bankshares has a dividend payout ratio of 48.1% meaning its dividend is sufficiently covered by earnings. Equities 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 0.5 %

NASDAQ:UBSI opened at $35.37 on Tuesday. United Bankshares has a 52 week low of $30.68 and a 52 week high of $44.43. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. The company has a market cap of $4.78 billion, a PE ratio of 12.91 and a beta of 1.02. The business’s 50 day moving average is $37.89 and its two-hundred day moving average is $38.39.

United Bankshares (NASDAQ:UBSI) last released its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. United Bankshares had a net margin of 22.94% and a return on equity of 7.60%. During the same period in the prior year, the firm earned $0.59 earnings per share. On average, analysts predict that United Bankshares will post 2.81 EPS for the current year.

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 value 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 $1,387,203.84. This represents a 14.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UBSI. Keefe, Bruyette & Woods lowered their target price on United Bankshares from $46.00 to $45.00 and set a “market perform” rating for the company in a report on Monday, January 27th. StockNews.com downgraded United Bankshares from a “hold” rating to a “sell” rating in a research note on Monday, January 27th. Finally, Stephens reiterated an “equal weight” rating and issued a $43.00 target price on shares of United Bankshares in a research note on Monday, January 27th.

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.