Wall Street analysts predict that United Bankshares, Inc. (NASDAQ:UBSI) will post earnings per share of $0.61 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for United Bankshares’ earnings, with estimates ranging from $0.56 to $0.65. United Bankshares reported earnings of $0.48 per share in the same quarter last year, which would suggest a positive year over year growth rate of 27.1%. The company is expected to report its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that United Bankshares will report full-year earnings of $2.49 per share for the current year, with EPS estimates ranging from $2.43 to $2.56. For the next fiscal year, analysts expect that the firm will post earnings of $2.61 per share, with EPS estimates ranging from $2.55 to $2.67. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for United Bankshares.
United Bankshares (NASDAQ:UBSI) last released its earnings results on Tuesday, January 30th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. United Bankshares had a return on equity of 6.28% and a net margin of 19.93%. The business had revenue of $187.62 million during the quarter, compared to the consensus estimate of $182.94 million. During the same period last year, the business posted $0.51 earnings per share.
Shares of United Bankshares (NASDAQ UBSI) opened at $34.45 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.04 and a quick ratio of 1.02. United Bankshares has a 52-week low of $31.70 and a 52-week high of $46.35. The stock has a market capitalization of $3,616.97, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 1.73 and a beta of 1.05.
In other news, Director Michael P. Fitzgerald sold 27,000 shares of United Bankshares stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $37.05, for a total value of $1,000,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.23% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in UBSI. Fuller & Thaler Asset Management Inc. purchased a new position in shares of United Bankshares in the third quarter valued at $46,969,000. Nuance Investments LLC grew its position in shares of United Bankshares by 669.2% in the fourth quarter. Nuance Investments LLC now owns 763,214 shares of the financial services provider’s stock valued at $26,522,000 after purchasing an additional 663,997 shares in the last quarter. Heartland Advisors Inc. purchased a new position in shares of United Bankshares in the third quarter valued at $12,118,000. The Manufacturers Life Insurance Company grew its position in shares of United Bankshares by 203.7% in the second quarter. The Manufacturers Life Insurance Company now owns 431,371 shares of the financial services provider’s stock valued at $16,909,000 after purchasing an additional 289,350 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of United Bankshares by 131.2% in the second quarter. Goldman Sachs Group Inc. now owns 437,017 shares of the financial services provider’s stock valued at $17,131,000 after purchasing an additional 248,027 shares in the last quarter. Institutional investors own 65.44% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for United Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.