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

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

United Bankshares Stock Performance

Shares of NASDAQ UBSI opened at $37.96 on Friday. The firm has a fifty day moving average price of $39.58 and a 200-day moving average price of $38.09. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.96. The stock has a market cap of $5.13 billion, a PE ratio of 14.32 and a beta of 1.03. United Bankshares has a 1 year low of $30.68 and a 1 year high of $44.43.

United Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were paid a $0.37 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.90%. United Bankshares’s dividend payout ratio (DPR) is presently 56.06%.

Insider Transactions at United Bankshares

In other United Bankshares news, Director Peter A. Converse sold 5,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $40.00, for a total transaction of $200,000.00. Following the completion of the transaction, the director now owns 434,769 shares in the company, valued at $17,390,760. This trade represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director J Paul Mcnamara sold 2,500 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.86, for a total transaction of $107,150.00. Following the transaction, the director now owns 63,409 shares of the company’s stock, valued at $2,717,709.74. This trade represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,500 shares of company stock valued at $542,110 over the last three months. Corporate insiders own 3.66% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of 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.