United Bankshares (NASDAQ:UBSI) Announces Earnings Results, Misses Expectations By $0.01 EPS

United Bankshares (NASDAQ:UBSI) released its earnings results on Thursday. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01), Briefing.com reports. United Bankshares had a net margin of 22.51% and a return on equity of 7.77%. The company had revenue of $401.39 million during the quarter, compared to analysts’ expectations of $256.80 million. During the same quarter in the previous year, the firm posted $0.74 earnings per share.

United Bankshares Trading Down 0.0 %

NASDAQ UBSI opened at $33.35 on Friday. The company’s fifty day simple moving average is $34.26 and its 200-day simple moving average is $33.89. United Bankshares has a 52 week low of $25.35 and a 52 week high of $38.74. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.37. The stock has a market cap of $4.50 billion, a P/E ratio of 12.73 and a beta of 1.00.

United Bankshares Dividend Announcement

The company also recently announced 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. The ex-dividend date was Thursday, March 7th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.44%. United Bankshares’s payout ratio is currently 56.49%.

Wall Street Analysts Forecast Growth

UBSI has been the subject of a number of recent analyst reports. Raymond James boosted their target price on shares of United Bankshares from $38.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Stephens decreased their price objective on shares of United Bankshares from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $36.67.

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.