United Bankshares (NASDAQ:UBSI) Releases Quarterly Earnings Results

United Bankshares (NASDAQ:UBSI) announced its quarterly earnings results on Friday. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate 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 quarter last year, the business posted $0.59 EPS.

United Bankshares Stock Performance

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

United Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date was Friday, December 13th. United Bankshares’s payout ratio is currently 56.06%.

Insider Buying and Selling 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 value of $107,150.00. Following the transaction, the director now owns 63,409 shares in the company, valued at approximately $2,717,709.74. The trade was a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark R. Nesselroad sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $39.16, for a total value of $234,960.00. Following the completion of the transaction, the director now directly owns 35,424 shares in the company, valued at approximately $1,387,203.84. The trade was a 14.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,500 shares of company stock worth $542,110. Corporate insiders own 3.66% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised United Bankshares from a “sell” rating to a “hold” rating in a research note 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.