United Bankshares, Inc. (NASDAQ:UBSI) Plans Quarterly Dividend of $0.38

United Bankshares, Inc. (NASDAQ:UBSI) declared a quarterly dividend on Wednesday, May 13th. Investors of record on Friday, June 12th will be given a dividend of 0.38 per share by the financial services provider on Wednesday, July 1st. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, June 12th.

United Bankshares has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 26 years. United Bankshares has a dividend payout ratio of 47.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect United Bankshares to earn $3.84 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 39.6%.

United Bankshares Stock Performance

NASDAQ UBSI opened at $42.15 on Thursday. The business’s 50-day moving average price is $42.00 and its 200 day moving average price is $40.57. United Bankshares has a twelve month low of $34.10 and a twelve month high of $45.92. The company has a market capitalization of $5.81 billion, a PE ratio of 11.81 and a beta of 0.72. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.10.

United Bankshares (NASDAQ:UBSI) last released its earnings results on Thursday, April 23rd. The financial services provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.04. United Bankshares had a return on equity of 9.26% and a net margin of 27.45%.The firm had revenue of $316.58 million for the quarter, compared to the consensus estimate of $315.15 million. During the same period in the prior year, the business posted $0.59 earnings per share. On average, research analysts predict that United Bankshares will post 3.64 earnings per share for the current year.

Analyst Ratings Changes

UBSI has been the topic of several recent analyst reports. Weiss Ratings upgraded United Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 13th. Piper Sandler reiterated an “overweight” rating and set a $47.00 target price on shares of United Bankshares in a research report on Monday, January 26th. Keefe, Bruyette & Woods upped their price target on United Bankshares from $40.00 to $43.00 and gave the stock a “market perform” rating in a research note on Monday, January 26th. Stephens upped their price target on United Bankshares from $40.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Finally, Zacks Research lowered United Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $45.75.

United Bankshares Company Profile

United Bankshares, Inc, headquartered in Charleston, West Virginia, is a bank holding company that provides a full range of financial services through its primary subsidiary, United Bank. The company’s core offerings include retail and commercial banking products such as checking and savings accounts, certificates of deposit, personal and business loans, mortgages, and treasury management services. In addition, United Bankshares delivers private banking, wealth management, trust and fiduciary solutions, and investment advisory services to meet the needs of individual, corporate, and institutional clients.

United Bankshares operates an extensive branch network across West Virginia, Virginia, Maryland, the District of Columbia, Ohio, Pennsylvania, and South Carolina.