United Bankshares, Inc. (NASDAQ:UBSI) declared a quarterly dividend on Friday, May 26th. Stockholders of record on Friday, June 9th will be paid a dividend of 0.33 per share by the financial services provider on Monday, July 3rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.38%.

United Bankshares has raised its dividend by an average of 2.1% annually over the last three years. United Bankshares has a dividend payout ratio of 63.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect United Bankshares to earn $2.33 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 56.7%.

United Bankshares (NASDAQ:UBSI) traded down 0.51% during trading on Friday, reaching $38.80. 234,175 shares of the company were exchanged. United Bankshares has a 52-week low of $34.50 and a 52-week high of $49.35. The firm’s 50 day moving average is $39.88 and its 200 day moving average is $43.42. The stock has a market capitalization of $4.07 billion, a PE ratio of 19.71 and a beta of 1.04.

United Bankshares (NASDAQ:UBSI) last released its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. United Bankshares had a return on equity of 7.34% and a net margin of 27.22%. The company had revenue of $127.77 million during the quarter, compared to analysts’ expectations of $127.70 million. During the same quarter in the prior year, the business posted $0.50 earnings per share. Analysts expect that United Bankshares will post $2.07 EPS for the current year.

Dividend History for United Bankshares (NASDAQ:UBSI)

Several research analysts recently weighed in on the company. Boenning Scattergood raised United Bankshares from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 18th. Stephens assumed coverage on United Bankshares in a research note on Friday, March 3rd. They set an “equal weight” rating for the company. Zacks Investment Research cut United Bankshares from a “buy” rating to a “hold” rating in a research note on Thursday, April 6th. Keefe, Bruyette & Woods set a $44.00 target price on United Bankshares and gave the company a “hold” rating in a research note on Thursday, April 6th. Finally, DA Davidson assumed coverage on United Bankshares in a research note on Monday, March 6th. They set a “neutral” rating and a $45.00 target price for the company. Five investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of $44.88.

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In other United Bankshares news, Director Michael P. Fitzgerald sold 13,100 shares of United Bankshares stock in a transaction on Friday, May 12th. The shares were sold at an average price of $38.28, for a total value of $501,468.00. Following the sale, the director now directly owns 245,273 shares in the company, valued at approximately $9,389,050.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bernard H. Clineburg sold 1,183 shares of United Bankshares stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $39.71, for a total transaction of $46,976.93. Following the completion of the sale, the director now owns 174,765 shares in the company, valued at $6,939,918.15. The disclosure for this sale can be found here. 7.50% of the stock is currently owned by corporate insiders.

United Bankshares Company Profile

United Bankshares, Inc (United) is a bank holding company. The Company operates through community banking segment. United’s Banking Subsidiaries offer a range of commercial and retail banking services and products. United, through its subsidiaries, engages in community banking and offers banking products and services permitted by law and regulation.

12 Month Chart for NASDAQ:UBSI

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