United Bankshares (NASDAQ:UBSI) Releases Earnings Results, Beats Estimates By $0.01 EPS

United Bankshares (NASDAQ:UBSI) issued its quarterly earnings results on Friday. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01, RTT News reports. United Bankshares had a return on equity of 7.58% and a net margin of 22.05%. During the same period in the previous year, the company posted $0.59 EPS.

United Bankshares Stock Down 1.5 %

UBSI opened at $37.76 on Friday. United Bankshares has a 1-year low of $30.68 and a 1-year high of $44.43. The business has a 50 day moving average of $39.58 and a 200-day moving average of $38.09. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 14.30 and a beta of 1.03. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.11.

United Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were issued a dividend of $0.37 per share. The ex-dividend date was Friday, December 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.92%. United Bankshares’s dividend payout ratio (DPR) is presently 56.06%.

Insider Activity at United Bankshares

In related news, Director J Paul Mcnamara sold 2,500 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.86, for a total transaction of $107,150.00. Following the transaction, the director now directly owns 63,409 shares in the company, valued at $2,717,709.74. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark R. Nesselroad sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $39.16, for a total value of $234,960.00. Following the completion of the sale, the director now owns 35,424 shares of the company’s stock, valued at $1,387,203.84. This represents a 14.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,500 shares of company stock worth $542,110 in the last ninety days. 3.66% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised United Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th.

United Bankshares Company Profile

United Bankshares, Inc, through its subsidiaries, 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.