United Bankshares, Inc. (NASDAQ:UBSI - Free Report) - Analysts at DA Davidson lowered their FY2025 earnings estimates for United Bankshares in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst M. Navas now expects that the financial services provider will earn $2.86 per share for the year, down from their previous forecast of $2.88. The consensus estimate for United Bankshares' current full-year earnings is $2.73 per share.
Separately, StockNews.com upgraded shares of United Bankshares from a "sell" rating to a "hold" rating in a research note on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, United Bankshares presently has an average rating of "Hold" and a consensus price target of $40.25.
Read Our Latest Research Report on United Bankshares
NASDAQ:UBSI opened at $38.00 on Monday. The company's 50 day moving average is $40.19 and its 200-day moving average is $37.13. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. United Bankshares has a 12 month low of $30.68 and a 12 month high of $44.43. The firm has a market cap of $5.14 billion, a price-to-earnings ratio of 14.39 and a beta of 1.01.
United Bankshares (NASDAQ:UBSI - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.03. The business had revenue of $414.67 million for the quarter, compared to the consensus estimate of $260.30 million. United Bankshares had a return on equity of 7.58% and a net margin of 22.05%. During the same period last year, the business earned $0.71 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Friday, December 13th. United Bankshares's dividend payout ratio is currently 56.06%.
In other news, Director Peter A. Converse sold 5,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $40.00, for a total transaction of $200,000.00. Following the transaction, the director now owns 434,769 shares in the company, valued at approximately $17,390,760. The trade was a 1.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark R. Nesselroad sold 6,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $39.16, for a total transaction of $234,960.00. Following the completion of the sale, the director now owns 35,424 shares of the company's stock, valued at approximately $1,387,203.84. The trade was a 14.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,500 shares of company stock worth $542,110 over the last three months. 3.66% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of the company. Tidal Investments LLC lifted its position in United Bankshares by 8.9% in the third quarter. Tidal Investments LLC now owns 10,970 shares of the financial services provider's stock worth $407,000 after purchasing an additional 893 shares during the period. Geode Capital Management LLC raised its stake in shares of United Bankshares by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,306,542 shares of the financial services provider's stock valued at $122,695,000 after buying an additional 53,994 shares in the last quarter. Barclays PLC lifted its holdings in shares of United Bankshares by 89.5% during the 3rd quarter. Barclays PLC now owns 269,852 shares of the financial services provider's stock worth $10,012,000 after acquiring an additional 127,486 shares during the period. Zacks Investment Management acquired a new stake in shares of United Bankshares during the 3rd quarter valued at about $409,000. Finally, Jane Street Group LLC increased its stake in United Bankshares by 27.2% in the third quarter. Jane Street Group LLC now owns 161,489 shares of the financial services provider's stock valued at $5,991,000 after acquiring an additional 34,526 shares during the period. Institutional investors and hedge funds own 70.80% of the company's stock.
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.
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