Wall Street analysts expect United Bankshares, Inc. (NASDAQ: UBSI) to report earnings per share (EPS) of $ 0.63 for the current quarter, according to Zacks. Two analysts have released earnings estimates for United Bankshares. The highest EPS estimate is $ 0.66 and the lowest is $ 0.57. United Bankshares reported earnings of $ 0.80 per share for the same quarter last year, indicating a negative growth rate of 21.3% year-over-year. The company is expected to release its next quarterly earnings report on Friday, October 22.
On average, analysts predict United Bankshares will report annual earnings of $ 2.75 per share for the current fiscal year, with EPS estimates ranging from $ 2.63 to $ 2.82. For the next fiscal year, analysts predict the company will post earnings of $ 2.47 per share, with EPS estimates ranging from $ 2.40 to $ 2.52. Zacks Investment Research’s EPS averages are an average based on a survey of seller-side research companies that cover United Bankshares.
United Bankshares (NASDAQ: UBSI) last released its quarterly results on Thursday, July 22. The financial services provider reported earnings per share (EPS) of $ 0.73 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.71 per $ 0.02. The company posted revenue of $ 249.36 million for the quarter, compared to analysts’ expectations of $ 264.95 million. United Bankshares recorded a return on equity of 9.20% and a net margin of 32.88%.
Several equity analysts weighed on UBSI stocks. Raymond James reiterated an “outperformance” rating and set a price target of $ 34.67 (vs. $ 42.00) for shares of United Bankshares in a research report released on Monday, July 26. Boenning Scattergood reiterated a “neutral” rating on United Bankshares shares in a research report on Wednesday, September 29. Finally, Zacks Investment Research reduced shares of United Bankshares from a “buy” rating to a “hold” rating in a research report released on Friday, October 1. Four investment analysts gave the stock a conservation rating and one assigned a buy rating to the company. According to MarketBeat.com, the company has an average “Hold” rating and an average price target of $ 33.42.
Several institutional investors have recently bought and sold shares of UBSI. Ameritas Investment Company LLC purchased a new position in shares of United Bankshares during the 1st quarter valued at $ 27,000. FORA Capital LLC acquired a new stake in United Bankshares shares in the second quarter valued at $ 33,000. Aspire Private Capital LLC raised its stake in the shares of United Bankshares by 589.6% in the 2nd quarter. Aspire Private Capital LLC now owns 1,131 shares of the financial services provider valued at $ 41,000 after purchasing an additional 967 shares in the last quarter. Harvest Fund Management Co. Ltd. acquired a new stake in United Bankshares shares in the 1st quarter valued at $ 59,000. Finally, in the second quarter Bbva USA acquired a new equity stake in United Bankshares for a value of $ 69,000. Institutional investors and hedge funds hold 66.31% of the company’s shares.
NASDAQ UBSI opened at $ 36.14 on Thursday. United Bankshares has a one-year low at $ 23.21 and a one-year high at $ 42.50. The company has a debt ratio of 0.19, a quick ratio of 0.93, and a current ratio of 0.96. The stock has a market cap of $ 4.67 billion, a P / E ratio of 11.77 and a beta of 1.35. The company’s fifty-day moving average is $ 35.06 and its two-hundred-day moving average is $ 37.20.
The company also recently declared a quarterly dividend, which was paid on Friday, October 1. Shareholders of record on Friday, September 10 received a dividend of $ 0.35 per share. This represents an annualized dividend of $ 1.40 and a dividend yield of 3.87%. The ex-dividend date was Thursday, September 9. United Bankshares’ dividend payout ratio is currently 58.33%.
About United Bankshares
United Bankshares, Inc is a banking holding company providing commercial and retail banking products and services. It operates in the following segments: Community Banking, Mortgage Banking and Other. The community segment includes both commercial and consumer loans and offers customers products such as commercial loans, home loans, business finance and consumer loans.
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