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

United Bankshares, Inc. (NASDAQ:UBSI – Get Free Report) announced a quarterly dividend on Wednesday, May 13th. Stockholders of record on Friday, June 12th will be given a dividend of 0.38 per share by the financial services provider on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, June 12th.

United Bankshares has raised its dividend payment by an average of 0.0%per year over the last three years and has increased 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. Research analysts expect United Bankshares to earn $3.84 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 39.6%.

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United Bankshares Price Performance

UBSI stock opened at $42.15 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.98 and a current ratio of 0.98. United Bankshares has a 1 year low of $34.10 and a 1 year high of $45.92. The firm has a market cap of $5.81 billion, a P/E ratio of 11.81 and a beta of 0.72. The stock has a 50-day simple moving average of $42.00 and a 200-day simple moving average of $40.57.

United Bankshares (NASDAQ:UBSI – Get Free Report) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. United Bankshares had a return on equity of 9.26% and a net margin of 27.45%.The business had revenue of $316.58 million during the quarter, compared to analyst estimates of $315.15 million. During the same quarter last year, the firm earned $0.59 earnings per share. On average, equities analysts predict that United Bankshares will post 3.64 earnings per share for the current fiscal year.

United Bankshares Company Profile

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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.

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