United Bankshares (UBSI) Getting Somewhat Favorable Media Coverage, Study Finds

News headlines about United Bankshares (NASDAQ:UBSI) have been trending somewhat positive recently, according to Accern. Accern scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. United Bankshares earned a news impact score of 0.17 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.827688068461 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news stories that may have effected Accern’s rankings:

Shares of United Bankshares (NASDAQ:UBSI) traded down $0.40 during mid-day trading on Friday, reaching $35.65. 423,801 shares of the company’s stock were exchanged, compared to its average volume of 739,450. United Bankshares has a twelve month low of $31.70 and a twelve month high of $47.40. The stock has a market capitalization of $3,784.98, a PE ratio of 18.76, a P/E/G ratio of 1.89 and a beta of 1.05. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46.

United Bankshares (NASDAQ:UBSI) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.01). United Bankshares had a net margin of 24.94% and a return on equity of 6.25%. The business had revenue of $188.51 million for the quarter, compared to analysts’ expectations of $193.87 million. During the same period in the prior year, the company posted $0.54 earnings per share. The firm’s quarterly revenue was up 44.9% on a year-over-year basis. sell-side analysts predict that United Bankshares will post 1.9 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be given a $0.34 dividend. This is a positive change from United Bankshares’s previous quarterly dividend of $0.33. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Thursday, December 7th. United Bankshares’s dividend payout ratio is presently 71.58%.

United Bankshares declared that its board has authorized a share buyback program on Monday, August 28th that permits the company to repurchase 2,000,000 shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

UBSI has been the subject of a number of research reports. BidaskClub cut shares of United Bankshares from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Boenning Scattergood reaffirmed a “hold” rating on shares of United Bankshares in a report on Friday, October 27th. Finally, Zacks Investment Research raised shares of United Bankshares from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $44.50.

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United Bankshares Company Profile

United Bankshares, Inc (United) is a bank holding company. The Company operates through community banking segment. United’s Banking Subsidiaries offer a range of commercial and retail banking services and products. United, through its subsidiaries, engages in community banking and offers banking products and services permitted by law and regulation.

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