United Bankshares, Inc. (UBSI) to Distribute Quarterly Dividend of $0.38 on October 1st

United Bankshares, Inc. (NASDAQ:UBSI) announced a quarterly dividend on Monday, August 24th. Stockholders of record on Friday, September 11th will be given a dividend of 0.38 per share by the financial services provider on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, September 11th.

United Bankshares has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 26 consecutive years. United Bankshares has a payout ratio of 47.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect United Bankshares to earn $3.88 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 39.2%.

United Bankshares Stock Down 1.2%

United Bankshares stock opened at $47.27 on Wednesday. United Bankshares has a fifty-two week low of $34.10 and a fifty-two week high of $49.62. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of 12.88 and a beta of 0.70. The stock’s fifty day moving average is $47.64 and its two-hundred day moving average is $44.53. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 0.98.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. United Bankshares had a net margin of 27.97% and a return on equity of 9.39%. The firm had revenue of $323.82 million for the quarter, compared to analysts’ expectations of $320.07 million. During the same period in the prior year, the company earned $0.85 EPS. Analysts predict that United Bankshares will post 3.71 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.