Equities research analysts expect United Bankshares, Inc. (NASDAQ:UBSI) to report earnings per share of $0.64 for the current quarter, Zacks reports. Three analysts have made estimates for United Bankshares’ earnings. The highest EPS estimate is $0.67 and the lowest is $0.63. United Bankshares reported earnings of $0.63 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 1.6%. The business is scheduled to report its next quarterly 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 fiscal year, with EPS estimates ranging from $2.51 to $2.55. For the next year, analysts anticipate that the firm will post earnings of $2.58 per share, with EPS estimates ranging from $2.50 to $2.63. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for 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 Thomson Reuters’ consensus estimate of $0.61 by $0.01. The business had revenue of $176.38 million for the quarter, compared to analyst estimates of $174.76 million. United Bankshares had a return on equity of 7.93% and a net margin of 29.74%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 EPS.
In related news, President Richard M. Adams, Jr. sold 14,790 shares of United Bankshares stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $37.97, for a total transaction of $561,576.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.62% of the company’s stock.
Several institutional investors have recently modified their holdings of UBSI. Oregon Public Employees Retirement Fund raised its position in shares of United Bankshares by 3,011.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,291,812 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 1,250,288 shares during the last quarter. Norges Bank acquired a new position in shares of United Bankshares during the 4th quarter worth approximately $28,392,000. JPMorgan Chase & Co. raised its position in shares of United Bankshares by 769.7% during the 1st quarter. JPMorgan Chase & Co. now owns 653,046 shares of the financial services provider’s stock worth $23,666,000 after purchasing an additional 577,959 shares during the last quarter. BlackRock Inc. raised its position in shares of United Bankshares by 3.2% during the 4th quarter. BlackRock Inc. now owns 14,488,480 shares of the financial services provider’s stock worth $450,737,000 after purchasing an additional 448,888 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of United Bankshares by 54.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,211,098 shares of the financial services provider’s stock worth $43,890,000 after purchasing an additional 427,570 shares during the last quarter. Hedge funds and other institutional investors own 72.91% of the company’s stock.
Shares of NASDAQ:UBSI opened at $35.78 on Wednesday. The company has a market cap of $3.66 billion, a PE ratio of 14.60, a PEG ratio of 1.83 and a beta of 1.27. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.04. United Bankshares has a 12 month low of $29.13 and a 12 month high of $39.95.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a dividend of $0.34 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.36 annualized dividend and a dividend yield of 3.80%. 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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