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

United Bankshares, Inc. (NASDAQ:UBSI) announced a quarterly dividend on Monday, February 23rd. Shareholders of record on Friday, March 13th will be paid a dividend of 0.38 per share by the financial services provider on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, March 13th.

United Bankshares has raised its dividend payment by an average of 0.0%annually 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. Equities analysts expect United Bankshares to earn $3.08 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 49.4%.

United Bankshares Trading Down 0.2%

Shares of UBSI traded down $0.07 during midday trading on Tuesday, reaching $42.48. The company had a trading volume of 24,484 shares, compared to its average volume of 884,470. United Bankshares has a 1-year low of $30.50 and a 1-year high of $45.92. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.10. The firm has a 50 day simple moving average of $41.55 and a 200-day simple moving average of $38.68. The stock has a market cap of $5.96 billion, a PE ratio of 12.97 and a beta of 0.78.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. The firm had revenue of $430.85 million during the quarter, compared to analyst estimates of $315.50 million. United Bankshares had a net margin of 25.51% and a return on equity of 8.60%. During the same quarter in the prior year, the firm posted $0.69 earnings per share. Research analysts forecast that United Bankshares will post 2.81 EPS for the current fiscal year.

About United Bankshares

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.