Wall Street brokerages expect United Bankshares, Inc. (NASDAQ:UBSI) to post $0.62 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for United Bankshares’ earnings. The lowest EPS estimate is $0.60 and the highest is $0.63. United Bankshares posted earnings per share of $0.59 in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.1%. The company is scheduled to announce its next earnings results on Thursday, April 25th.
On average, analysts expect that United Bankshares will report full-year earnings of $2.51 per share for the current financial year, with EPS estimates ranging from $2.45 to $2.55. For the next fiscal year, analysts anticipate that the company will post earnings of $2.58 per share, with EPS estimates ranging from $2.50 to $2.63. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover United Bankshares.
United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings results on Tuesday, January 29th. The financial services provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.01. The company had revenue of $176.53 million during the quarter, compared to the consensus estimate of $180.53 million. United Bankshares had a return on equity of 7.89% and a net margin of 30.28%. During the same period last year, the business posted $0.53 earnings per share.
A number of analysts recently commented on UBSI shares. BidaskClub downgraded United Bankshares from a “hold” rating to a “sell” rating in a research report on Tuesday, December 18th. Boenning Scattergood reaffirmed a “hold” rating on shares of United Bankshares in a research report on Friday, October 26th. Finally, Zacks Investment Research raised United Bankshares from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Five research analysts have rated the stock with a hold rating, United Bankshares has an average rating of “Hold” and a consensus price target of $40.00.
In other news, Director P Clinton Winter bought 1,000 shares of the firm’s stock in a transaction on Thursday, December 27th. The stock was acquired at an average cost of $29.70 per share, with a total value of $29,700.00. Following the completion of the transaction, the director now directly owns 446,511 shares of the company’s stock, valued at approximately $13,261,376.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 5.15% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in UBSI. Toronto Dominion Bank purchased a new stake in United Bankshares in the fourth quarter worth $40,000. Oregon Public Employees Retirement Fund increased its position in United Bankshares by 3,011.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,291,812 shares of the financial services provider’s stock worth $42,000 after buying an additional 1,250,288 shares during the last quarter. FNY Investment Advisers LLC increased its position in United Bankshares by 97.1% in the fourth quarter. FNY Investment Advisers LLC now owns 1,774 shares of the financial services provider’s stock worth $55,000 after buying an additional 874 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of United Bankshares by 985.1% in the third quarter. Captrust Financial Advisors now owns 3,559 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 3,231 shares during the period. Finally, IFP Advisors Inc boosted its holdings in shares of United Bankshares by 103.3% in the third quarter. IFP Advisors Inc now owns 3,675 shares of the financial services provider’s stock worth $134,000 after acquiring an additional 1,867 shares during the period. 71.58% of the stock is owned by institutional investors and hedge funds.
Shares of UBSI traded up $1.00 on Monday, reaching $36.97. 770,200 shares of the company’s stock traded hands, compared to its average volume of 476,438. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 1.79 and a beta of 1.21. United Bankshares has a 52-week low of $29.13 and a 52-week high of $39.95.
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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