Analysts predict that United Bankshares, Inc. (NASDAQ:UBSI) will report earnings of $0.64 per share for the current quarter, according to Zacks. Three analysts have made estimates for United Bankshares’ earnings, with the lowest EPS estimate coming in at $0.63 and the highest estimate coming in at $0.67. United Bankshares reported earnings per share of $0.63 in the same quarter last year, which would suggest a positive year over year growth rate of 1.6%. The company is scheduled to issue its next earnings report on Thursday, July 25th.
According to Zacks, analysts expect that United Bankshares will report full year earnings of $2.53 per share for the current year, with EPS estimates ranging from $2.51 to $2.55. For the next fiscal year, analysts expect that the business will report earnings of $2.58 per share, with EPS estimates ranging from $2.50 to $2.63. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow United Bankshares.
United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. The business had revenue of $176.38 million for the quarter, compared to analysts’ expectations of $174.76 million. United Bankshares had a return on equity of 7.93% and a net margin of 29.74%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS.
UBSI has been the topic of a number of analyst reports. Zacks Investment Research raised Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Friday. BidaskClub lowered Xilinx from a “buy” rating to a “hold” rating in a research report on Saturday, June 15th. Finally, Boenning Scattergood reiterated an “outperform” rating and issued a $47.75 price objective on shares of WSFS Financial in a research report on Thursday, June 20th.
Hedge funds have recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new stake in shares of United Bankshares in the 1st quarter worth approximately $112,000. Bessemer Group Inc. boosted its position in shares of United Bankshares by 381.0% during the fourth quarter. Bessemer Group Inc. now owns 4,021 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 3,185 shares in the last quarter. Starr International Co. Inc. bought a new stake in shares of United Bankshares during the first quarter valued at approximately $184,000. FMR LLC boosted its position in shares of United Bankshares by 213.3% during the first quarter. FMR LLC now owns 5,382 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 3,664 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. bought a new stake in shares of United Bankshares during the first quarter valued at approximately $207,000. Hedge funds and other institutional investors own 72.75% of the company’s stock.
United Bankshares stock traded up $0.31 during trading hours on Friday, reaching $36.59. The company had a trading volume of 253,977 shares, compared to its average volume of 382,025. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.04. The stock has a 50-day simple moving average of $36.76. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 1.81 and a beta of 1.23. United Bankshares has a 12-month low of $29.13 and a 12-month high of $39.95.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were given a $0.34 dividend. The ex-dividend date was Thursday, June 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.72%. United Bankshares’s dividend payout ratio is currently 55.51%.
About United Bankshares
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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