Wall Street brokerages predict that United Bankshares, Inc. (NASDAQ:UBSI) will announce $180.57 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for United Bankshares’ earnings. The highest sales estimate is $184.02 million and the lowest is $174.20 million. United Bankshares posted sales of $127.77 million in the same quarter last year, which suggests a positive year-over-year growth rate of 41.3%. The firm is scheduled to report its next earnings report on Thursday, April 26th.
According to Zacks, analysts expect that United Bankshares will report full-year sales of $180.57 million for the current fiscal year, with estimates ranging from $743.30 million to $753.84 million. For the next year, analysts anticipate that the firm will report sales of $775.64 million per share, with estimates ranging from $764.90 million to $784.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow United Bankshares.
United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $187.62 million for the quarter, compared to analysts’ expectations of $182.94 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share.
Several research firms have recently commented on UBSI. BidaskClub lowered United Bankshares from a “hold” rating to a “sell” rating in a report on Wednesday, March 28th. TheStreet raised United Bankshares from a “c+” rating to a “b-” rating in a report on Wednesday, February 21st. Zacks Investment Research lowered United Bankshares from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Finally, Sandler O’Neill set a $38.00 target price on United Bankshares and gave the company a “hold” rating in a report on Thursday, January 4th. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. United Bankshares presently has a consensus rating of “Hold” and a consensus target price of $40.00.
In other United Bankshares news, Director Peter A. Converse sold 22,500 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $37.74, for a total transaction of $849,150.00. Following the completion of the transaction, the director now directly owns 491,810 shares of the company’s stock, valued at approximately $18,560,909.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Peter A. Converse sold 69,020 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $37.03, for a total value of $2,555,810.60. The disclosure for this sale can be found here. Insiders sold a total of 118,520 shares of company stock valued at $4,405,311 over the last three months. Corporate insiders own 6.23% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of United Bankshares by 42.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,765 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 1,712 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of United Bankshares during the 3rd quarter valued at $216,000. Engineers Gate Manager LP acquired a new stake in shares of United Bankshares during the 3rd quarter valued at $241,000. Tyers Asset Management LLC lifted its position in shares of United Bankshares by 32.8% during the 4th quarter. Tyers Asset Management LLC now owns 7,248 shares of the financial services provider’s stock valued at $252,000 after acquiring an additional 1,792 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of United Bankshares during the 4th quarter valued at $264,000. 68.83% of the stock is owned by hedge funds and other institutional investors.
NASDAQ UBSI traded up $0.37 on Friday, hitting $34.67. 278,568 shares of the stock traded hands, compared to its average volume of 672,778. The stock has a market capitalization of $3,602.93, a P/E ratio of 18.05, a PEG ratio of 1.72 and a beta of 1.02. United Bankshares has a twelve month low of $31.70 and a twelve month high of $42.40. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.47.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Friday, March 9th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend was Thursday, March 8th. United Bankshares’s dividend payout ratio (DPR) is 71.58%.
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United Bankshares Company Profile
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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