United Bankshares (UBSI) Expected to Announce Earnings on Friday

United Bankshares (NASDAQ:UBSI) is projected 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 earnings results on Thursday, October 24th. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. United Bankshares had a net margin of 22.05% and a return on equity of 7.58%. The firm had revenue of $414.67 million for the quarter, compared to analyst estimates of $260.30 million. 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 Price Performance

Shares of UBSI opened at $38.31 on Thursday. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 14.51 and a beta of 1.03. The firm’s fifty day simple moving average is $39.66 and its 200-day simple moving average is $38.09. United Bankshares has a twelve month low of $30.68 and a twelve month high of $44.43. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.11.

United Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were given a dividend of $0.37 per share. The ex-dividend date was Friday, December 13th. This represents a $1.48 annualized dividend and a dividend yield of 3.86%. United Bankshares’s dividend payout ratio is presently 56.06%.

Insider Buying and Selling

In other United Bankshares news, Director Mark R. Nesselroad sold 6,000 shares of the company’s 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 owns 35,424 shares in the company, valued at $1,387,203.84. This represents a 14.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J Paul Mcnamara sold 2,500 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.86, for a total transaction of $107,150.00. Following the completion of the transaction, the director now directly 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. In the last ninety days, insiders have sold 13,500 shares of company stock valued at $542,110. 3.66% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com raised shares of United Bankshares from a “sell” rating to a “hold” rating in a report 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.