United Bankshares, Inc. (NASDAQ:UBSI) declared a quarterly dividend on Friday, November 16th, RTT News reports. Shareholders of record on Friday, December 14th will be given a dividend of 0.34 per share by the financial services provider on Wednesday, January 2nd. This represents a $1.36 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend is Thursday, December 13th.
United Bankshares has increased its dividend by an average of 1.0% per year over the last three years. United Bankshares has a payout ratio of 54.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect United Bankshares to earn $2.53 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 53.8%.
United Bankshares stock opened at $33.92 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 1.73 and a beta of 1.10. United Bankshares has a 52 week low of $31.01 and a 52 week high of $39.95.
United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.01). The business had revenue of $180.46 million during the quarter, compared to analyst estimates of $189.56 million. United Bankshares had a return on equity of 7.64% and a net margin of 25.09%. Research analysts anticipate that United Bankshares will post 2.45 earnings per share for the current year.
A number of research firms have commented on UBSI. Zacks Investment Research lowered United Bankshares from a “hold” rating to a “sell” rating in a research note on Friday. ValuEngine raised United Bankshares from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. BidaskClub raised United Bankshares from a “sell” rating to a “hold” rating in a research note on Thursday, November 15th. Finally, Boenning Scattergood reissued a “hold” rating on shares of United Bankshares in a research note on Friday, October 26th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $39.33.
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United Bankshares Company Profile
United Bankshares, Inc, a financial holding company, 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.
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