United Bankshares (NASDAQ:UBSI) Releases Earnings Results, Beats Expectations By $0.01 EPS

United Bankshares (NASDAQ:UBSI) released its earnings results on Friday. The financial services provider reported $0.69 earnings per share (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 firm earned $0.59 EPS.

United Bankshares Trading Up 0.2 %

United Bankshares stock opened at $38.40 on Friday. The stock has a 50-day simple moving average of $39.50 and a 200 day simple moving average of $38.18. The stock has a market capitalization of $5.19 billion, a P/E ratio of 14.55 and a beta of 1.03. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.97. United Bankshares has a 52 week low of $30.68 and a 52 week high of $44.43.

United Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.85%. United Bankshares’s payout ratio is 56.06%.

Analysts Set New Price Targets

Separately, StockNews.com raised United Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th.

Insider Buying and Selling at United Bankshares

In other United Bankshares news, Director Mark R. Nesselroad sold 6,000 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 35,424 shares in the company, valued at $1,387,203.84. The trade was a 14.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter A. Converse sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $40.00, for a total transaction of $200,000.00. Following the sale, the director now owns 434,769 shares of the company’s stock, valued at approximately $17,390,760. This represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,500 shares of company stock worth $542,110 over the last 90 days. Company insiders own 3.66% of the company’s stock.

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.