United Bankshares (NASDAQ:UBSI) Issues Earnings Results

United Bankshares (NASDAQ:UBSI) issued its earnings results on Thursday. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07, Briefing.com reports. United Bankshares had a net margin of 22.44% and a return on equity of 7.77%. The company had revenue of $255.94 million during the quarter, compared to analysts’ expectations of $255.54 million. During the same period last year, the company posted $0.68 earnings per share. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year.

United Bankshares Stock Up 2.6 %

UBSI stock opened at $39.32 on Friday. The stock has a market capitalization of $5.32 billion, a P/E ratio of 15.01 and a beta of 1.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 0.99. United Bankshares has a one year low of $25.35 and a one year high of $39.86. The company has a 50 day moving average price of $33.18 and a two-hundred day moving average price of $34.17.

United Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 14th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.48 annualized dividend and a yield of 3.76%. United Bankshares’s payout ratio is currently 56.49%.

Analysts Set New Price Targets

UBSI has been the subject of a number of recent research reports. StockNews.com raised shares of United Bankshares from a “sell” rating to a “hold” rating in a research note on Friday. DA Davidson raised their price objective on shares of United Bankshares from $36.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday. Keefe, Bruyette & Woods raised their price objective on shares of United Bankshares from $38.00 to $40.00 and gave the stock a “market perform” rating in a research note on Friday. Finally, Stephens raised their price objective on shares of United Bankshares from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, United Bankshares has a consensus rating of “Hold” and an average target price of $39.20.

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.