United Bankshares, Inc. (UBSI) to Issue Quarterly Dividend of $0.37 on April 1st

United Bankshares, Inc. (NASDAQ:UBSI) announced a quarterly dividend on Monday, February 24th, RTT News reports. Investors of record on Friday, March 14th will be given a dividend of 0.37 per share by the financial services provider on Tuesday, April 1st. This represents a $1.48 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date is Friday, March 14th.

United Bankshares has increased its dividend by an average of 1.6% per year over the last three years and has increased its dividend annually for the last 26 consecutive years. United Bankshares has a payout ratio of 48.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect United Bankshares to earn $3.08 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 48.1%.

United Bankshares Trading Up 0.1 %

United Bankshares stock opened at $35.39 on Wednesday. The business has a 50 day moving average price of $37.79 and a two-hundred day moving average price of $38.38. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. United Bankshares has a 12 month low of $30.68 and a 12 month high of $44.43. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 12.92 and a beta of 1.02.

United Bankshares (NASDAQ:UBSI) last issued its earnings results on Friday, January 24th. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. United Bankshares had a return on equity of 7.60% and a net margin of 22.94%. During the same period in the previous year, the company earned $0.59 earnings per share. As a group, equities analysts forecast that United Bankshares will post 2.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price target on shares of United Bankshares from $46.00 to $45.00 and set a “market perform” rating for the company in a research report on Monday, January 27th. StockNews.com downgraded United Bankshares from a “hold” rating to a “sell” rating in a research report on Monday, January 27th. Finally, Stephens reiterated an “equal weight” rating and issued a $43.00 price target on shares of United Bankshares in a research report on Monday, January 27th.

Insider Transactions at United Bankshares

In other news, Director Mark R. Nesselroad sold 6,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $39.16, for a total transaction of $234,960.00. Following the sale, the director now owns 35,424 shares in the company, valued at approximately $1,387,203.84. This represents a 14.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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.