Analysts expect United Bankshares, Inc. (NASDAQ:UBSI) to post $0.64 earnings per share for the current fiscal quarter, Zacks Investment Research reports. 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 posted earnings of $0.63 per share during the same quarter last year, which suggests a positive year over year growth rate of 1.6%. The business is scheduled to report its next earnings results 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 financial year, analysts anticipate that the business will report earnings of $2.58 per share, with EPS estimates ranging from $2.50 to $2.63. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow United Bankshares.
United Bankshares (NASDAQ:UBSI) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. United Bankshares had a return on equity of 7.93% and a net margin of 29.74%. The business had revenue of $176.38 million during the quarter, compared to the consensus estimate of $174.76 million. During the same quarter last year, the company earned $0.59 EPS. The firm’s revenue was up .0% compared to the same quarter last year.
Several brokerages have commented on UBSI. Boenning Scattergood restated an “outperform” rating and issued a $47.75 target price on shares of WSFS Financial in a research note on Thursday, June 20th. Zacks Investment Research upgraded Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Friday. Finally, BidaskClub downgraded Xilinx from a “buy” rating to a “hold” rating in a research note on Saturday, June 15th.
NASDAQ UBSI traded up $0.31 during trading hours on Friday, hitting $36.59. The company had a trading volume of 253,977 shares, compared to its average volume of 382,025. United Bankshares has a 52 week low of $29.13 and a 52 week high of $39.95. The company’s 50 day moving average is $36.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.04 and a quick ratio of 1.02. The company has a market capitalization 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.
The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 14th were paid a $0.34 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.36 annualized dividend and a yield of 3.72%. United Bankshares’s dividend payout ratio is currently 55.51%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Navellier & Associates Inc grew its position in shares of United Bankshares by 21.2% in the 2nd quarter. Navellier & Associates Inc now owns 18,711 shares of the financial services provider’s stock worth $694,000 after buying an additional 3,269 shares during the last quarter. Toth Financial Advisory Corp grew its position in shares of United Bankshares by 912.8% in the 2nd quarter. Toth Financial Advisory Corp now owns 11,738 shares of the financial services provider’s stock worth $435,000 after buying an additional 10,579 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of United Bankshares by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 42,108 shares of the financial services provider’s stock worth $1,562,000 after buying an additional 584 shares during the last quarter. Ridgewood Investments LLC grew its position in shares of United Bankshares by 13.4% in the 2nd quarter. Ridgewood Investments LLC now owns 7,933 shares of the financial services provider’s stock worth $294,000 after buying an additional 938 shares during the last quarter. Finally, First National Bank of Omaha grew its position in shares of United Bankshares by 0.3% in the 2nd quarter. First National Bank of Omaha now owns 136,051 shares of the financial services provider’s stock worth $5,046,000 after buying an additional 459 shares during the last quarter. Institutional investors and hedge funds own 72.75% of the company’s stock.
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.
Featured Story: Trading Ex-Dividend
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for United Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.