United Bankshares (NASDAQ:UBSI – Get Free Report) released its quarterly earnings results on Thursday. The financial services provider reported $0.64 EPS 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 the consensus estimate of $256.80 million. During the same quarter last year, the firm posted $0.74 EPS.
United Bankshares Stock Down 0.1 %
NASDAQ UBSI traded down $0.05 during mid-day trading on Friday, hitting $33.31. The company’s stock had a trading volume of 212,225 shares, compared to its average volume of 546,754. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 12.24 and a beta of 1.00. The company’s 50 day simple moving average is $34.31 and its 200 day simple moving average is $33.90. 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 twelve month low of $25.35 and a twelve month high of $38.74.
United Bankshares Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend was Thursday, March 7th. United Bankshares’s payout ratio is 54.61%.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on United Bankshares
About United Bankshares
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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