News articles about United Bankshares (NASDAQ:UBSI) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. United Bankshares earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.8282113314662 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- United Bankshares, Inc. (UBSI) Expected to Post Earnings of $0.54 Per Share (americanbankingnews.com)
- Why United Bankshares Inc (UBSI) Delivered An Inferior ROE Compared To The Industry (finance.yahoo.com)
- ETFs with exposure to United Bankshares, Inc. (West Virginia) : October 5, 2017 (finance.yahoo.com)
- United Bankshares (UBSI) versus Howard Bancorp (HBMD) Financial Comparison (americanbankingnews.com)
- ETFs with exposure to United Bankshares, Inc. (West Virginia) : September 25, 2017 (finance.yahoo.com)
Several research firms have commented on UBSI. BidaskClub upgraded shares of United Bankshares from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research upgraded shares of United Bankshares from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $42.50.
United Bankshares (UBSI) opened at 37.15 on Tuesday. The firm has a market cap of $3.90 billion, a PE ratio of 19.88 and a beta of 1.06. United Bankshares has a 12-month low of $31.70 and a 12-month high of $49.35. The firm’s 50-day moving average is $34.88 and its 200 day moving average is $37.61.
United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.14). United Bankshares had a net margin of 25.20% and a return on equity of 6.42%. The firm had revenue of $176.75 million during the quarter, compared to analyst estimates of $164.09 million. During the same period last year, the business earned $0.44 EPS. Equities research analysts predict that United Bankshares will post $1.92 EPS for the current year.
United Bankshares announced that its Board of Directors has initiated a stock buyback plan on Monday, August 28th that permits the company to repurchase 2,000,000 shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 8th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.55%. The ex-dividend date was Thursday, September 7th. United Bankshares’s dividend payout ratio (DPR) is 69.47%.
In other news, insider William Mark Tatterson acquired 1,000 shares of the stock in a transaction on Monday, August 14th. The stock was bought at an average price of $32.30 per share, with a total value of $32,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter A. Converse acquired 3,000 shares of the stock in a transaction on Monday, August 14th. The stock was purchased at an average cost of $33.15 per share, with a total value of $99,450.00. The disclosure for this purchase can be found here. Insiders acquired 15,247 shares of company stock valued at $510,526 in the last ninety days. 6.23% of the stock is owned by corporate insiders.
About United Bankshares
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.
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