United Bankshares (NASDAQ:UBSI – Get Free Report) issued its 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 company had revenue of $401.39 million during the quarter, compared to analyst estimates of $256.80 million. During the same quarter in the prior year, the business earned $0.74 EPS.
United Bankshares Stock Down 0.1 %
United Bankshares stock traded down $0.05 during midday trading on Friday, reaching $33.31. The stock had a trading volume of 212,225 shares, compared to its average volume of 546,754. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.37. United Bankshares has a 12 month low of $25.35 and a 12 month high of $38.74. The company has a fifty day moving average price of $34.31 and a two-hundred day moving average price of $33.90. The company has a market capitalization of $4.50 billion, a P/E ratio of 12.24 and a beta of 1.00.
United Bankshares Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were paid a $0.37 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.48 annualized dividend and a dividend yield of 4.44%. United Bankshares’s dividend payout ratio is presently 54.61%.
Analyst Ratings Changes
Check Out Our Latest Stock Report on UBSI
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.
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