Zacks: Analysts Expect United Bankshares, Inc. (NASDAQ:UBSI) Will Announce Earnings of $0.62 Per Share

Wall Street brokerages expect United Bankshares, Inc. (NASDAQ:UBSI) to report earnings of $0.62 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for United Bankshares’ earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.63. United Bankshares also posted earnings of $0.62 per share in the same quarter last year. The firm is scheduled to announce its next quarterly earnings results on Tuesday, February 4th.

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On average, analysts expect that United Bankshares will report full-year earnings of $2.56 per share for the current financial year, with EPS estimates ranging from $2.54 to $2.60. For the next financial year, analysts forecast that the company will report earnings of $2.41 per share, with EPS estimates ranging from $2.38 to $2.44. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for United Bankshares.

United Bankshares (NASDAQ:UBSI) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The firm had revenue of $185.06 million for the quarter, compared to the consensus estimate of $181.44 million. United Bankshares had a return on equity of 7.89% and a net margin of 28.68%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

A number of equities research analysts recently weighed in on the company. BidaskClub upgraded United Bankshares from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 19th. ValuEngine cut United Bankshares from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded United Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th.

In other United Bankshares news, Director Mary K. Weddle purchased 2,300 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was bought at an average cost of $35.19 per share, for a total transaction of $80,937.00. Following the completion of the purchase, the director now owns 11,776 shares in the company, valued at approximately $414,397.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.62% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Strs Ohio raised its stake in United Bankshares by 2.6% in the second quarter. Strs Ohio now owns 11,700 shares of the financial services provider’s stock valued at $433,000 after buying an additional 300 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in United Bankshares by 1.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 29,562 shares of the financial services provider’s stock valued at $1,096,000 after buying an additional 411 shares during the last quarter. LPL Financial LLC raised its stake in United Bankshares by 5.5% in the second quarter. LPL Financial LLC now owns 8,358 shares of the financial services provider’s stock valued at $310,000 after buying an additional 435 shares during the last quarter. Lido Advisors LLC raised its stake in United Bankshares by 5.2% in the second quarter. Lido Advisors LLC now owns 8,830 shares of the financial services provider’s stock valued at $330,000 after buying an additional 440 shares during the last quarter. Finally, First National Bank of Omaha raised its stake in United Bankshares by 0.3% in the second quarter. First National Bank of Omaha now owns 136,051 shares of the financial services provider’s stock valued at $5,046,000 after buying an additional 459 shares during the last quarter. Institutional investors own 70.22% of the company’s stock.

United Bankshares stock traded up $0.33 during mid-day trading on Tuesday, hitting $40.59. The company’s stock had a trading volume of 323,700 shares, compared to its average volume of 429,056. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.01 and a current ratio of 1.04. The stock has a market cap of $4.10 billion, a PE ratio of 16.57 and a beta of 1.22. United Bankshares has a one year low of $29.13 and a one year high of $40.70. The company has a 50 day moving average of $38.63 and a 200-day moving average of $37.53.

United Bankshares Company Profile

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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Earnings History and Estimates for United Bankshares (NASDAQ:UBSI)

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