United Bankshares (UBSI) Projected to Post Earnings on Friday

United Bankshares (NASDAQ:UBSI) is expected to be posting its quarterly earnings results before the market opens on Friday, January 24th. Analysts expect United Bankshares to post earnings of $0.67 per share and revenue of $262,080.00 billion for the quarter.

United Bankshares (NASDAQ:UBSI) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. United Bankshares had a net margin of 22.05% and a return on equity of 7.58%. The firm had revenue of $414.67 million during the quarter, compared to analysts’ expectations of $260.30 million. During the same period last year, the firm posted $0.71 earnings per share. On average, analysts expect United Bankshares to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

United Bankshares Trading Down 1.1 %

Shares of NASDAQ UBSI opened at $38.31 on Thursday. United Bankshares has a 12 month low of $30.68 and a 12 month high of $44.43. The business has a fifty day simple moving average of $39.66 and a 200-day simple moving average of $38.09. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 14.51 and a beta of 1.03. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.11.

United Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend was Friday, December 13th. United Bankshares’s dividend payout ratio is 56.06%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of United Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th.

Insider Buying and Selling

In other news, Director J Paul Mcnamara sold 2,500 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.86, for a total value of $107,150.00. Following the completion of the sale, the director now directly owns 63,409 shares in the company, valued at approximately $2,717,709.74. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter A. Converse sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $40.00, for a total transaction of $200,000.00. Following the sale, the director now directly owns 434,769 shares of the company’s stock, valued at approximately $17,390,760. This represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,500 shares of company stock worth $542,110. Insiders own 3.66% of the company’s stock.

United Bankshares Company Profile

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.