United Bankshares, Inc. (NASDAQ:UBSI) – Equities researchers at DA Davidson raised their Q1 2019 earnings estimates for shares of United Bankshares in a report issued on Wednesday, January 30th. DA Davidson analyst R. Gunther now forecasts that the financial services provider will post earnings per share of $0.60 for the quarter, up from their previous forecast of $0.53. DA Davidson also issued estimates for United Bankshares’ Q2 2019 earnings at $0.64 EPS, Q3 2019 earnings at $0.65 EPS, FY2019 earnings at $2.53 EPS, Q1 2020 earnings at $0.61 EPS, Q2 2020 earnings at $0.65 EPS, Q3 2020 earnings at $0.68 EPS, Q4 2020 earnings at $0.69 EPS and FY2020 earnings at $2.63 EPS.
UBSI has been the topic of a number of other reports. BidaskClub lowered United Bankshares from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 4th. Zacks Investment Research lowered United Bankshares from a “hold” rating to a “sell” rating in a research note on Thursday, November 29th. Finally, ValuEngine raised United Bankshares from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $40.00.
United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings results on Tuesday, January 29th. The financial services provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.01. United Bankshares had a return on equity of 7.89% and a net margin of 30.28%. The firm had revenue of $176.53 million for the quarter, compared to analyst estimates of $180.53 million. During the same period last year, the firm posted $0.53 earnings per share.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 2nd. Investors of record on Friday, December 14th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend was Thursday, December 13th. United Bankshares’s dividend payout ratio is currently 55.51%.
In related news, Director P Clinton Winter acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, December 27th. The shares were bought at an average cost of $29.70 per share, with a total value of $29,700.00. Following the completion of the purchase, the director now directly owns 446,511 shares in the company, valued at $13,261,376.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.15% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of UBSI. Vanguard Group Inc lifted its stake in shares of United Bankshares by 3.1% in the third quarter. Vanguard Group Inc now owns 9,611,137 shares of the financial services provider’s stock worth $349,365,000 after acquiring an additional 285,093 shares during the period. Vanguard Group Inc. lifted its stake in United Bankshares by 3.1% in the third quarter. Vanguard Group Inc. now owns 9,611,137 shares of the financial services provider’s stock valued at $349,365,000 after buying an additional 285,093 shares during the period. Rhumbline Advisers lifted its stake in United Bankshares by 64.1% in the fourth quarter. Rhumbline Advisers now owns 315,186 shares of the financial services provider’s stock valued at $9,805,000 after buying an additional 123,157 shares during the period. Dimensional Fund Advisors LP lifted its stake in United Bankshares by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 4,205,620 shares of the financial services provider’s stock valued at $152,873,000 after buying an additional 89,021 shares during the period. Finally, McKinley Carter Wealth Services Inc. acquired a new position in United Bankshares in the third quarter valued at approximately $2,116,000. 70.55% of the stock is currently owned by institutional investors.
About United Bankshares
United Bankshares, Inc, a financial holding company, 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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