United Bankshares (UBSI) to Release Quarterly Earnings on Friday

United Bankshares (NASDAQ:UBSI) is anticipated to release its earnings data 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 released 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 company 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 prior year, the firm earned $0.71 earnings per share. 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 Stock Up 0.5 %

Shares of UBSI opened at $38.74 on Wednesday. The stock has a market capitalization of $5.24 billion, a PE ratio of 14.67 and a beta of 1.03. United Bankshares has a 1 year low of $30.68 and a 1 year high of $44.43. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.97. The company’s 50-day simple moving average is $39.74 and its 200-day simple moving average is $38.09.

United Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were issued a $0.37 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.82%. United Bankshares’s payout ratio is 56.06%.

Insider Transactions at United Bankshares

In other United Bankshares news, Director Peter A. Converse sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $40.00, for a total transaction of $200,000.00. Following the transaction, the director now owns 434,769 shares of the company’s stock, valued at $17,390,760. This trade represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director J Paul Mcnamara sold 2,500 shares of the company’s stock in a transaction 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 owns 63,409 shares of the company’s stock, valued at approximately $2,717,709.74. The trade was a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,500 shares of company stock valued at $542,110 in the last quarter. 3.66% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of United Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th.

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.