United Bankshares, Inc. (UBSI) to Issue Quarterly Dividend of $0.38 on July 1st

United Bankshares, Inc. (NASDAQ:UBSI) announced a quarterly dividend on Wednesday, May 13th. Stockholders of record on Friday, June 12th will be given a dividend of 0.38 per share by the financial services provider on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, June 12th.

United Bankshares has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 26 consecutive years. United Bankshares has a dividend payout ratio of 47.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect United Bankshares to earn $3.84 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 39.6%.

United Bankshares Stock Up 1.3%

NASDAQ:UBSI opened at $44.33 on Wednesday. United Bankshares has a fifty-two week low of $34.10 and a fifty-two week high of $45.92. The stock has a market capitalization of $6.11 billion, a P/E ratio of 12.42 and a beta of 0.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.98 and a current ratio of 0.98. The company’s 50-day simple moving average is $43.16 and its 200-day simple moving average is $41.50.

United Bankshares (NASDAQ:UBSI) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. United Bankshares had a net margin of 27.45% and a return on equity of 9.26%. The business had revenue of $316.58 million for the quarter, compared to analysts’ expectations of $315.15 million. During the same period last year, the business earned $0.59 EPS. On average, equities analysts anticipate that United Bankshares will post 3.64 earnings per share for the current fiscal year.

About United Bankshares

United Bankshares, Inc, headquartered in Charleston, West Virginia, is a bank holding company that provides a full range of financial services through its primary subsidiary, United Bank. The company’s core offerings include retail and commercial banking products such as checking and savings accounts, certificates of deposit, personal and business loans, mortgages, and treasury management services. In addition, United Bankshares delivers private banking, wealth management, trust and fiduciary solutions, and investment advisory services to meet the needs of individual, corporate, and institutional clients.

United Bankshares operates an extensive branch network across West Virginia, Virginia, Maryland, the District of Columbia, Ohio, Pennsylvania, and South Carolina.