Analysts Expect United Bankshares, Inc. (NASDAQ:UBSI) to Post $0.60 EPS

Analysts expect that United Bankshares, Inc. (NASDAQ:UBSIGet Rating) will report earnings of $0.60 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for United Bankshares’ earnings. The lowest EPS estimate is $0.57 and the highest is $0.64. United Bankshares posted earnings of $0.83 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 27.7%. The company is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that United Bankshares will report full-year earnings of $2.56 per share for the current year, with EPS estimates ranging from $2.50 to $2.63. For the next fiscal year, analysts anticipate that the business will post earnings of $2.69 per share, with EPS estimates ranging from $2.64 to $2.81. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover United Bankshares.

United Bankshares (NASDAQ:UBSIGet Rating) last issued its quarterly earnings results on Thursday, January 27th. The financial services provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.05). United Bankshares had a return on equity of 8.23% and a net margin of 34.26%. The business had revenue of $237.73 million for the quarter, compared to the consensus estimate of $245.16 million. During the same period last year, the firm earned $0.71 earnings per share.

A number of equities research analysts have recently issued reports on UBSI shares. DA Davidson cut shares of United Bankshares from a “buy” rating to a “neutral” rating and dropped their target price for the company from $44.00 to $38.00 in a report on Wednesday, December 15th. StockNews.com cut shares of United Bankshares from a “hold” rating to a “sell” rating in a report on Wednesday, March 30th. Finally, Zacks Investment Research cut shares of United Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, March 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, United Bankshares presently has a consensus rating of “Hold” and a consensus price target of $39.67.

NASDAQ:UBSI traded up $0.24 on Monday, hitting $33.86. 610,796 shares of the company’s stock were exchanged, compared to its average volume of 714,100. The firm has a 50-day moving average price of $35.47 and a 200-day moving average price of $36.45. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.93 and a quick ratio of 0.91. United Bankshares has a 52 week low of $31.74 and a 52 week high of $42.50. The company has a market cap of $4.62 billion, a P/E ratio of 11.96 and a beta of 1.18.

The business also recently declared a quarterly dividend, which was paid on Friday, April 1st. Shareholders of record on Friday, March 11th were issued a $0.36 dividend. The ex-dividend date was Thursday, March 10th. This represents a $1.44 annualized dividend and a yield of 4.25%. United Bankshares’s dividend payout ratio is currently 50.88%.

A number of institutional investors have recently added to or reduced their stakes in the business. AGF Investments LLC acquired a new position in shares of United Bankshares during the 4th quarter worth approximately $34,000. Covestor Ltd acquired a new position in shares of United Bankshares during the 4th quarter worth approximately $50,000. Massmutual Trust Co. FSB ADV acquired a new stake in shares of United Bankshares during the 1st quarter worth approximately $53,000. Lazard Asset Management LLC acquired a new stake in shares of United Bankshares during the 4th quarter worth approximately $55,000. Finally, PSI Advisors LLC acquired a new stake in shares of United Bankshares during the 3rd quarter worth approximately $60,000. 68.17% of the stock is currently owned by hedge funds and other institutional investors.

About United Bankshares (Get Rating)

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, NOW accounts, and interest-bearing checking accounts.

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Earnings History and Estimates for United Bankshares (NASDAQ:UBSI)

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