According to Zacks, “United Bankshares, Inc. is a bank holding company whose business is the operation of its bank subsidiaries. All of United’s subsidiary banks are full-service commercial banks. Included among the banking services offered are the acceptance of deposits in checking, savings, time and money market accounts; the making and servicing of personal, commercial, floor plan and student loans; and the making of construction and real estate loans. Also offered are individual retirement accounts, safe deposit boxes, wire transfers and other standard banking products and services. “
A number of other equities analysts also recently weighed in on UBSI. BidaskClub downgraded Xilinx from a buy rating to a hold rating in a research note on Saturday, June 15th. Boenning Scattergood restated an outperform rating and issued a $47.75 target price on shares of WSFS Financial in a research note on Thursday, June 20th.
United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $176.38 million during the quarter, compared to analyst estimates of $174.76 million. United Bankshares had a return on equity of 7.93% and a net margin of 29.74%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. On average, analysts expect that United Bankshares will post 2.53 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were paid a $0.34 dividend. The ex-dividend date was Thursday, June 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.77%. United Bankshares’s payout ratio is presently 55.51%.
Several hedge funds and other institutional investors have recently made changes to their positions in UBSI. Cullen Frost Bankers Inc. purchased a new position in shares of United Bankshares in the 1st quarter worth approximately $112,000. Bessemer Group Inc. lifted its position in shares of United Bankshares by 381.0% during the fourth quarter. Bessemer Group Inc. now owns 4,021 shares of the financial services provider’s stock worth $125,000 after acquiring an additional 3,185 shares in the last quarter. Starr International Co. Inc. purchased a new stake in shares of United Bankshares during the first quarter worth $184,000. FMR LLC lifted its position in shares of United Bankshares by 213.3% during the first quarter. FMR LLC now owns 5,382 shares of the financial services provider’s stock worth $195,000 after acquiring an additional 3,664 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of United Bankshares by 13.1% during the fourth quarter. LPL Financial LLC now owns 6,569 shares of the financial services provider’s stock worth $204,000 after acquiring an additional 762 shares in the last quarter. Hedge funds and other institutional investors own 72.75% of the company’s stock.
United Bankshares Company Profile
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, and NOW accounts.
Further Reading: G-20
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