United Bankshares (NASDAQ:UBSI) is set to post its quarterly earnings results before the market opens on Wednesday, April 25th. Analysts expect United Bankshares to post earnings of $0.60 per share for the quarter.
United Bankshares (NASDAQ:UBSI) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The firm had revenue of $187.62 million for the quarter, compared to the consensus estimate of $182.94 million. United Bankshares had a return on equity of 6.28% and a net margin of 19.93%. During the same period in the previous year, the business earned $0.51 EPS. On average, analysts expect United Bankshares to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of UBSI opened at $34.35 on Wednesday. The stock has a market cap of $3,627.40, a price-to-earnings ratio of 18.08, a P/E/G ratio of 1.74 and a beta of 1.02. United Bankshares has a 12 month low of $31.70 and a 12 month high of $42.40. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.04.
Several research analysts have commented on the company. Zacks Investment Research downgraded United Bankshares from a “hold” rating to a “sell” rating in a report on Thursday, April 12th. TheStreet downgraded United Bankshares from a “b-” rating to a “c+” rating in a report on Wednesday, April 11th. Sandler O’Neill set a $38.00 target price on United Bankshares and gave the stock a “hold” rating in a report on Thursday, January 4th. Finally, BidaskClub raised United Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $40.00.
In other news, Director Peter A. Converse sold 22,500 shares of the business’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $37.74, for a total value of $849,150.00. Following the transaction, the director now directly owns 491,810 shares of the company’s stock, valued at approximately $18,560,909.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter A. Converse sold 69,020 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $37.03, for a total value of $2,555,810.60. The disclosure for this sale can be found here. Insiders sold a total of 118,520 shares of company stock worth $4,405,311 over the last three months. 5.15% of the stock is owned by company insiders.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://stocknewstimes.com/2018/04/18/united-bankshares-ubsi-scheduled-to-post-earnings-on-wednesday.html.
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.
Receive News & Ratings for United Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.