United Bankshares, Inc. (NASDAQ:UBSI) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.13, Briefing.com reports. United Bankshares had a net margin of 27.17% and a return on equity of 7.09%. During the same period last year, the firm posted $0.44 earnings per share.

United Bankshares (NASDAQ:UBSI) traded down 2.44% during trading on Thursday, reaching $36.05. The company had a trading volume of 813,236 shares. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 18.31 and a beta of 1.07. United Bankshares has a 1-year low of $34.25 and a 1-year high of $49.35. The firm has a 50-day moving average of $38.72 and a 200-day moving average of $41.24.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Friday, June 9th were issued a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $1.32 dividend on an annualized basis and a yield of 3.66%. United Bankshares’s payout ratio is 67.01%.

In related news, Director Bernard H. Clineburg sold 1,183 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $39.71, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael P. Fitzgerald sold 13,038 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $40.04, for a total transaction of $522,041.52. Following the completion of the sale, the director now owns 12,738 shares of the company’s stock, valued at approximately $510,029.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,321 shares of company stock valued at $1,070,486. 7.50% of the stock is owned by insiders.

Several equities analysts have recently issued reports on the company. BidaskClub cut United Bankshares from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Zacks Investment Research cut United Bankshares from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. Boenning Scattergood raised United Bankshares from an “underperform” rating to a “neutral” rating in a report on Thursday, May 18th. Finally, Keefe, Bruyette & Woods set a $44.00 price objective on United Bankshares and gave the company a “hold” rating in a report on Thursday, April 6th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $42.63.

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About United Bankshares

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.

Earnings History for United Bankshares (NASDAQ:UBSI)

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