United Bankshares (NASDAQ:UBSI) Issues Earnings Results

United Bankshares (NASDAQ:UBSI) issued its quarterly earnings data on Thursday. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07, Briefing.com reports. United Bankshares had a return on equity of 7.77% and a net margin of 22.44%. The business had revenue of $255.94 million for the quarter, compared to the consensus estimate of $255.54 million. During the same period in the prior year, the business posted $0.68 earnings per share. The company’s quarterly revenue was down 2.6% compared to the same quarter last year.

United Bankshares Trading Up 2.6 %

UBSI opened at $39.32 on Friday. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 15.01 and a beta of 1.00. The stock’s 50 day moving average price is $33.18 and its 200-day moving average price is $34.17. United Bankshares has a one year low of $25.35 and a one year high of $39.86. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 0.99.

United Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.76%. United Bankshares’s dividend payout ratio is 56.49%.

Analysts Set New Price Targets

A number of brokerages have issued reports on UBSI. Stephens upped their price objective on United Bankshares from $36.00 to $39.00 and gave the company an “equal weight” rating in a research report on Friday. DA Davidson upped their price objective on United Bankshares from $36.00 to $41.00 and gave the company a “neutral” rating in a research report on Friday. Keefe, Bruyette & Woods upped their target price on United Bankshares from $38.00 to $40.00 and gave the company a “market perform” rating in a research note on Friday. Finally, StockNews.com raised United Bankshares from a “sell” rating to a “hold” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, United Bankshares currently has a consensus rating of “Hold” and an average price target of $39.20.

About United Bankshares

United Bankshares, Inc, through its subsidiaries, primarily provides commercial and retail banking products and services in the United States. It operates through two segments, Community Banking and Mortgage Banking. The company accepts checking, savings, and time and money market accounts; individual retirement accounts; and demand deposits, statement and special savings, and NOW accounts.