Zacks: Brokerages Anticipate United Bankshares, Inc. (UBSI) Will Announce Quarterly Sales of $180.53 Million

Equities analysts forecast that United Bankshares, Inc. (NASDAQ:UBSI) will post sales of $180.53 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for United Bankshares’ earnings, with the lowest sales estimate coming in at $180.00 million and the highest estimate coming in at $181.22 million. United Bankshares posted sales of $187.62 million during the same quarter last year, which would indicate a negative year over year growth rate of 3.8%. The firm is scheduled to issue its next earnings results on Tuesday, January 29th.

According to Zacks, analysts expect that United Bankshares will report full-year sales of $723.80 million for the current year, with estimates ranging from $722.04 million to $724.86 million. For the next financial year, analysts forecast that the business will report sales of $735.34 million, with estimates ranging from $731.53 million to $742.10 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover United Bankshares.

United Bankshares (NASDAQ:UBSI) last announced its quarterly 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 business had revenue of $180.46 million for the quarter, compared to the consensus estimate of $189.56 million. United Bankshares had a net margin of 25.09% and a return on equity of 7.64%.

A number of analysts have commented on the stock. BidaskClub lowered shares of United Bankshares from a “hold” rating to a “sell” rating in a research note on Thursday, September 20th. Boenning Scattergood reiterated a “hold” rating on shares of United Bankshares in a research note on Friday, October 26th. ValuEngine lowered shares of United Bankshares from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Finally, Zacks Investment Research lowered shares of 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 given a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $39.33.

UBSI stock traded down $0.12 during midday trading on Wednesday, reaching $36.05. 430,800 shares of the company’s stock traded hands, compared to its average volume of 551,446. The firm has a market capitalization of $3.73 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 1.84 and a beta of 1.09. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.47. United Bankshares has a 52 week low of $31.01 and a 52 week high of $39.95.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 14th will be paid a $0.34 dividend. The ex-dividend date is Thursday, December 13th. This represents a $1.36 annualized dividend and a dividend yield of 3.77%. United Bankshares’s payout ratio is 71.58%.

Several hedge funds and other institutional investors have recently bought and sold shares of UBSI. Captrust Financial Advisors grew its stake in shares of United Bankshares by 985.1% in the 3rd quarter. Captrust Financial Advisors now owns 3,559 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 3,231 shares in the last quarter. IFP Advisors Inc grew its stake in shares of United Bankshares by 103.3% in the 3rd quarter. IFP Advisors Inc now owns 3,675 shares of the financial services provider’s stock worth $134,000 after acquiring an additional 1,867 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of United Bankshares by 923.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,762 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 5,199 shares in the last quarter. MML Investors Services LLC bought a new stake in shares of United Bankshares in the 3rd quarter worth $218,000. Finally, Ridgewood Investments LLC bought a new stake in shares of United Bankshares in the 2nd quarter worth $224,000. Hedge funds and other institutional investors own 70.92% 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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Earnings History and Estimates for United Bankshares (NASDAQ:UBSI)

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