United Bankshares (UBSI) Receiving Somewhat Favorable Media Coverage, Study Shows

News stories about United Bankshares (NASDAQ:UBSI) have trended somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. United Bankshares earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 45.600265073473 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

Shares of United Bankshares (NASDAQ UBSI) opened at $34.80 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.46. United Bankshares has a 52 week low of $31.70 and a 52 week high of $49.35. The firm has a market capitalization of $3,674.73, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 1.83 and a beta of 1.05.

United Bankshares (NASDAQ:UBSI) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.01). The company had revenue of $188.51 million during the quarter, compared to analyst estimates of $193.87 million. United Bankshares had a net margin of 24.94% and a return on equity of 6.25%. The company’s revenue for the quarter was up 44.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 EPS. equities research analysts expect that United Bankshares will post 1.92 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.91%. This is a positive change from United Bankshares’s previous quarterly dividend of $0.33. United Bankshares’s payout ratio is presently 71.58%.

United Bankshares declared that its board has initiated a share buyback plan on Monday, August 28th that authorizes the company to repurchase 2,000,000 outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Several research firms recently weighed in on UBSI. BidaskClub cut United Bankshares from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Boenning Scattergood restated a “hold” rating on shares of United Bankshares in a research note on Friday, October 27th. Finally, Zacks Investment Research upgraded United Bankshares from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. United Bankshares has an average rating of “Hold” and a consensus price target of $44.50.

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United Bankshares Company Profile

United Bankshares, Inc (United) is a bank holding company. The Company operates through community banking segment. United’s Banking Subsidiaries offer a range of commercial and retail banking services and products. United, through its subsidiaries, engages in community banking and offers banking products and services permitted by law and regulation.

Insider Buying and Selling by Quarter for United Bankshares (NASDAQ:UBSI)

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