United Bankshares, Inc. (NASDAQ:UBSI) – Stock analysts at DA Davidson lowered their Q4 2018 earnings per share (EPS) estimates for United Bankshares in a research note issued to investors on Thursday, October 25th. DA Davidson analyst R. Gunther now anticipates that the financial services provider will post earnings per share of $0.62 for the quarter, down from their previous estimate of $0.63. DA Davidson also issued estimates for United Bankshares’ Q1 2019 earnings at $0.53 EPS, Q2 2019 earnings at $0.63 EPS, Q3 2019 earnings at $0.66 EPS, FY2019 earnings at $2.51 EPS, Q1 2020 earnings at $0.58 EPS, Q2 2020 earnings at $0.66 EPS, Q3 2020 earnings at $0.69 EPS and FY2020 earnings at $2.60 EPS.
Other analysts also recently issued research reports about the company. BidaskClub upgraded United Bankshares from a “hold” rating to a “buy” rating in a research report on Saturday, August 4th. Zacks Investment Research upgraded United Bankshares from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Tuesday, July 31st. ValuEngine upgraded United Bankshares from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of United Bankshares in a research report on Friday, October 26th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. United Bankshares has a consensus rating of “Hold” and an average target price of $39.33.
United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.01). United Bankshares had a net margin of 25.09% and a return on equity of 7.64%. The company had revenue of $180.46 million during the quarter, compared to the consensus estimate of $189.56 million.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Friday, September 14th were paid a dividend of $0.34 per share. The ex-dividend date was Thursday, September 13th. This represents a $1.36 annualized dividend and a dividend yield of 4.08%. United Bankshares’s dividend payout ratio (DPR) is presently 71.58%.
In other news, Director Peter A. Converse sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $39.50, for a total transaction of $98,750.00. Following the transaction, the director now directly owns 471,810 shares of the company’s stock, valued at $18,636,495. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Peter A. Converse sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $39.00, for a total value of $195,000.00. Following the transaction, the director now directly owns 474,310 shares in the company, valued at $18,498,090. The disclosure for this sale can be found here. 5.15% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of UBSI. IFP Advisors Inc increased its stake in shares of United Bankshares by 103.3% during the third quarter. IFP Advisors Inc now owns 3,675 shares of the financial services provider’s stock valued at $134,000 after buying an additional 1,867 shares during the period. Mount Yale Investment Advisors LLC purchased a new position in shares of United Bankshares during the first quarter valued at approximately $159,000. Ridgewood Investments LLC purchased a new position in shares of United Bankshares during the second quarter valued at approximately $224,000. OppenheimerFunds Inc. increased its stake in shares of United Bankshares by 22.8% during the second quarter. OppenheimerFunds Inc. now owns 7,317 shares of the financial services provider’s stock valued at $266,000 after buying an additional 1,358 shares during the period. Finally, Nomura Holdings Inc. purchased a new position in shares of United Bankshares during the second quarter valued at approximately $269,000. 72.30% of the stock is currently owned by hedge funds and other institutional investors.
About United Bankshares
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.
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