United Bankshares, Inc. (NASDAQ:UBSI – Get Free Report) announced a quarterly dividend on Monday, August 24th. Shareholders of record on Friday, September 11th will be paid 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 yield of 3.2%. The ex-dividend date is Friday, September 11th.
United Bankshares has increased 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 dividend payout ratio of 47.5% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Performance
United Bankshares stock opened at $47.80 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 0.98. The stock has a fifty day moving average of $47.17 and a two-hundred day moving average of $44.30. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of 13.02 and a beta of 0.71. United Bankshares has a fifty-two week low of $34.10 and a fifty-two week high of $49.62.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. Wall Street Zen upgraded shares of United Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Raymond James Financial lifted their price target on shares of United Bankshares from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Keefe, Bruyette & Woods boosted their price objective on shares of United Bankshares from $46.00 to $48.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Hovde Group upped their price objective on shares of United Bankshares from $49.00 to $50.00 and gave the company a “market perform” rating in a research note on Friday, July 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of United Bankshares in a research report on Monday, July 6th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, United Bankshares presently has an average rating of “Hold” and a consensus target price of $47.80.
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.
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