Zacks: Brokerages Expect United Bankshares, Inc. (UBSI) to Announce $0.61 Earnings Per Share

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.

A number of analysts have issued reports on the company. Zacks Investment Research downgraded United Bankshares from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. BidaskClub raised United Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Sandler O’Neill set a $38.00 target price on United Bankshares and gave the stock a “hold” rating in a research report on Thursday, January 4th. Finally, Boenning Scattergood reissued a “hold” rating on shares of United Bankshares in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $42.25.

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.

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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.

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Earnings History and Estimates for United Bankshares (NASDAQ:UBSI)

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