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

United Bankshares (NASDAQ:UBSI) released its quarterly earnings data on Friday. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01, RTT News reports. United Bankshares had a net margin of 22.05% and a return on equity of 7.58%. During the same period last year, the company earned $0.59 EPS.

United Bankshares Trading Up 0.2 %

Shares of UBSI stock opened at $38.40 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.96. The stock has a 50 day simple moving average of $39.50 and a 200-day simple moving average of $38.14. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 14.55 and a beta of 1.03. United Bankshares has a 1-year low of $30.68 and a 1-year high of $44.43.

United Bankshares Announces Dividend

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

Wall Street Analyst Weigh In

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 news, Director Peter A. Converse sold 5,000 shares of United Bankshares stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $40.00, for a total transaction of $200,000.00. Following the transaction, the director now owns 434,769 shares in the company, valued at $17,390,760. The trade was a 1.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director J Paul Mcnamara sold 2,500 shares of United Bankshares stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.86, for a total transaction of $107,150.00. Following the transaction, the director now directly owns 63,409 shares in the company, valued at $2,717,709.74. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,500 shares of company stock valued at $542,110 over the last ninety days. Corporate 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.