Equities research analysts forecast that United Bankshares, Inc. (NASDAQ:UBSI) will announce sales of $180.57 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for United Bankshares’ earnings. The lowest sales estimate is $174.20 million and the highest is $184.02 million. United Bankshares posted sales of $127.77 million during the same quarter last year, which suggests a positive year over year growth rate of 41.3%. The firm is expected to announce its next quarterly earnings results on Thursday, April 26th.
On average, analysts expect that United Bankshares will report full-year sales of $180.57 million for the current financial year, with estimates ranging from $743.30 million to $753.84 million. For the next financial year, analysts expect that the business will post sales of $775.64 million per share, with estimates ranging from $764.90 million to $784.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow United Bankshares.
United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. United Bankshares had a net margin of 19.93% and a return on equity of 6.28%. The business had revenue of $187.62 million during the quarter, compared to analyst estimates of $182.94 million. During the same period in the prior year, the business posted $0.51 earnings per share.
In other news, Director Michael P. Fitzgerald sold 27,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $37.05, for a total transaction of $1,000,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter A. Converse sold 69,020 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $37.03, for a total transaction of $2,555,810.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 118,520 shares of company stock valued at $4,405,311. Insiders own 6.23% of the company’s stock.
Several large investors have recently modified their holdings of the company. OppenheimerFunds Inc. raised its stake in shares of United Bankshares by 23.1% during the fourth quarter. OppenheimerFunds Inc. now owns 8,206 shares of the financial services provider’s stock valued at $285,000 after acquiring an additional 1,542 shares during the last quarter. Pacer Advisors Inc. raised its stake in United Bankshares by 11.6% in the third quarter. Pacer Advisors Inc. now owns 15,183 shares of the financial services provider’s stock worth $564,000 after buying an additional 1,578 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in United Bankshares by 42.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,765 shares of the financial services provider’s stock worth $200,000 after buying an additional 1,712 shares in the last quarter. Teachers Advisors LLC raised its stake in United Bankshares by 0.9% in the fourth quarter. Teachers Advisors LLC now owns 194,638 shares of the financial services provider’s stock worth $6,764,000 after buying an additional 1,726 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in United Bankshares by 0.4% in the third quarter. Principal Financial Group Inc. now owns 446,341 shares of the financial services provider’s stock worth $16,582,000 after buying an additional 1,755 shares in the last quarter. 68.82% of the stock is owned by hedge funds and other institutional investors.
United Bankshares stock traded down $0.35 during midday trading on Monday, reaching $36.40. 34,508 shares of the company’s stock traded hands, compared to its average volume of 702,012. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. United Bankshares has a twelve month low of $31.70 and a twelve month high of $42.85. The stock has a market capitalization of $3,881.29, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 1.85 and a beta of 1.05.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend is Thursday, March 8th. United Bankshares’s dividend payout ratio (DPR) is 87.18%.
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United Bankshares Company Profile
United Bankshares, Inc (United) is a bank holding company. The Company operates through community banking segment. United’s Banking Subsidiaries offer a range of commercial and retail banking services and products. United, through its subsidiaries, engages in community banking and offers banking products and services permitted by law and regulation.
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