$0.62 EPS Expected for United Bankshares, Inc. (UBSI) This Quarter

Equities research analysts expect that United Bankshares, Inc. (NASDAQ:UBSI) will announce earnings of $0.62 per share for the current quarter, Zacks reports. Three analysts have issued estimates for United Bankshares’ earnings. The lowest EPS estimate is $0.62 and the highest is $0.63. United Bankshares posted earnings per share of $0.53 in the same quarter last year, which would suggest a positive year-over-year growth rate of 17%. The business is expected to issue its next earnings results on Tuesday, January 29th.

According to Zacks, analysts expect that United Bankshares will report full-year earnings of $2.45 per share for the current financial year, with EPS estimates ranging from $2.43 to $2.46. For the next year, analysts anticipate that the company will report earnings of $2.53 per share, with EPS estimates ranging from $2.50 to $2.59. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for United Bankshares.

United Bankshares (NASDAQ:UBSI) last released its earnings results on Thursday, October 25th. The financial services provider reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.01). The firm had revenue of $180.46 million during the quarter, compared to analysts’ expectations of $189.56 million. United Bankshares had a net margin of 25.09% and a return on equity of 7.64%.

A number of research analysts have recently commented on the company. BidaskClub cut United Bankshares from a “hold” rating to a “sell” rating in a research note on Thursday, September 20th. ValuEngine cut United Bankshares from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Boenning Scattergood restated a “hold” rating on shares of United Bankshares in a research note on Friday, October 26th. Finally, Zacks Investment Research cut United Bankshares from a “hold” rating to a “sell” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. United Bankshares presently has a consensus rating of “Hold” and an average target price of $39.33.

UBSI opened at $36.17 on Monday. The company has a market capitalization of $3.69 billion, a PE ratio of 19.04, a PEG ratio of 1.82 and a beta of 1.11. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.01. United Bankshares has a 52 week low of $31.01 and a 52 week high of $39.95.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 14th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Thursday, December 13th. United Bankshares’s payout ratio is 71.58%.

A number of large investors have recently made changes to their positions in UBSI. Principal Financial Group Inc. raised its stake in United Bankshares by 2.1% during the first quarter. Principal Financial Group Inc. now owns 455,231 shares of the financial services provider’s stock valued at $16,046,000 after buying an additional 9,203 shares during the last quarter. Xact Kapitalforvaltning AB raised its stake in United Bankshares by 16.4% during the second quarter. Xact Kapitalforvaltning AB now owns 16,346 shares of the financial services provider’s stock valued at $595,000 after buying an additional 2,300 shares during the last quarter. Bank of Montreal Can raised its stake in United Bankshares by 4.3% during the second quarter. Bank of Montreal Can now owns 275,034 shares of the financial services provider’s stock valued at $10,011,000 after buying an additional 11,459 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new position in United Bankshares during the second quarter valued at $364,000. Finally, W.E. Donoghue & Co. LLC purchased a new position in United Bankshares during the second quarter valued at $473,000. Institutional investors and hedge funds own 70.56% of the company’s stock.

United Bankshares Company Profile

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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