United Bankshares (NASDAQ:UBSI – Get Free Report) issued its quarterly earnings results on Thursday. The financial services provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01), Briefing.com reports. United Bankshares had a net margin of 23.84% and a return on equity of 8.05%. The firm had revenue of $401.39 million during the quarter, compared to the consensus estimate of $256.80 million. During the same quarter last year, the firm posted $0.74 earnings per share.
United Bankshares Price Performance
Shares of UBSI traded down $0.04 during midday trading on Friday, reaching $33.32. The stock had a trading volume of 196,569 shares, compared to its average volume of 546,550. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $4.50 billion, a P/E ratio of 12.24 and a beta of 1.00. The firm’s 50 day moving average price is $34.31 and its 200-day moving average price is $33.90. United Bankshares has a 52 week low of $25.35 and a 52 week high of $38.74.
United Bankshares Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.44%. The ex-dividend date of this dividend was Thursday, March 7th. United Bankshares’s dividend payout ratio (DPR) is presently 54.61%.
Wall Street Analyst Weigh In
View Our Latest Stock Report on United Bankshares
About United Bankshares
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.
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