United Bankshares, Inc. (UBSI) To Go Ex-Dividend on December 13th

United Bankshares, Inc. (NASDAQ:UBSI) declared a quarterly dividend on Friday, November 8th,Zacks Dividends reports. Investors of record on Friday, December 13th will be paid a dividend of 0.37 per share by the financial services provider on Thursday, January 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Friday, December 13th.

United Bankshares has raised its dividend by an average of 1.2% annually over the last three years and has increased its dividend every year for the last 25 years. United Bankshares has a dividend payout ratio of 57.6% meaning its dividend is sufficiently covered by earnings. Analysts expect United Bankshares to earn $2.71 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 54.6%.

United Bankshares Stock Performance

United Bankshares stock traded up $0.44 during midday trading on Wednesday, reaching $41.74. 51,565 shares of the company traded hands, compared to its average volume of 519,781. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 15.64 and a beta of 1.01. The business has a 50 day moving average of $39.62 and a two-hundred day moving average of $36.74. United Bankshares has a 12 month low of $30.68 and a 12 month high of $44.43. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.96.

United Bankshares (NASDAQ:UBSI) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. United Bankshares had a net margin of 22.05% and a return on equity of 7.58%. The business had revenue of $414.67 million during the quarter, compared to analysts’ expectations of $260.30 million. During the same period in the prior year, the company earned $0.71 earnings per share. As a group, research analysts predict that United Bankshares will post 2.73 earnings per share for the current year.

Insider Transactions at United Bankshares

In other news, Director J Paul Mcnamara sold 2,500 shares of United Bankshares stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.86, for a total value of $107,150.00. Following the transaction, the director now owns 63,409 shares of the company’s stock, valued at $2,717,709.74. The trade was a 3.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter A. Converse sold 5,000 shares of United Bankshares stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $40.00, for a total transaction of $200,000.00. Following the completion of the transaction, the director now directly owns 434,769 shares in the company, valued at approximately $17,390,760. The trade was a 1.14 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.66% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of United Bankshares from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.25.

United Bankshares Company Profile

United Bankshares, Inc, through its subsidiaries, 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.