United Bankshares, Inc. (UBSI) to Release Earnings on Wednesday
United Bankshares, Inc. (NASDAQ:UBSI) is scheduled to release its earnings data before the market opens on Wednesday, October 25th. Analysts expect United Bankshares to post earnings of $0.55 per share for the quarter.
United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.14). United Bankshares had a net margin of 25.20% and a return on equity of 6.42%. The business had revenue of $176.75 million during the quarter, compared to analyst estimates of $164.09 million. During the same quarter last year, the company posted $0.44 earnings per share. On average, analysts expect United Bankshares to post $1.92 EPS for the current fiscal year and $2.25 EPS for the next fiscal year.
United Bankshares, Inc. (UBSI) opened at 36.70 on Wednesday. United Bankshares, Inc. has a 12 month low of $31.70 and a 12 month high of $49.35. The firm has a 50-day moving average of $35.40 and a 200 day moving average of $37.50. The firm has a market capitalization of $3.85 billion, a PE ratio of 19.64 and a beta of 1.06.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were issued a $0.33 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.60%. United Bankshares’s payout ratio is 69.47%.
United Bankshares announced that its Board of Directors has authorized a share buyback program on Monday, August 28th that allows the company to repurchase 2,000,000 shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
In other news, Director Peter A. Converse bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were bought at an average cost of $33.15 per share, with a total value of $99,450.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William Mark Tatterson bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average cost of $32.30 per share, for a total transaction of $32,300.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 15,247 shares of company stock worth $510,526. 6.23% of the stock is owned by insiders.
A number of equities research analysts have recently weighed in on UBSI shares. BidaskClub lowered shares of United Bankshares from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Zacks Investment Research lowered shares of United Bankshares from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $42.50.
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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.
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