Somewhat Favorable News Coverage Somewhat Unlikely to Impact United Bankshares (UBSI) Share Price

News coverage about United Bankshares (NASDAQ:UBSI) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. United Bankshares earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 45.8351689254559 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

A number of analysts have weighed in on UBSI shares. Boenning Scattergood restated a “hold” rating on shares of United Bankshares in a research note on Friday, October 27th. Zacks Investment Research cut United Bankshares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Finally, BidaskClub cut United Bankshares from a “hold” rating to a “sell” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. United Bankshares presently has a consensus rating of “Hold” and a consensus target price of $44.50.

Shares of United Bankshares (NASDAQ UBSI) traded down $0.30 during mid-day trading on Thursday, hitting $35.70. The company’s stock had a trading volume of 542,495 shares, compared to its average volume of 764,751. The stock has a market capitalization of $3,811.22, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 1.90 and a beta of 1.05. United Bankshares has a 12 month low of $31.70 and a 12 month high of $49.35. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 1.06.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). The firm had revenue of $188.51 million for the quarter, compared to analysts’ expectations of $193.87 million. United Bankshares had a return on equity of 6.25% and a net margin of 24.94%. The business’s revenue for the quarter was up 44.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 EPS. research analysts forecast that United Bankshares will post 1.92 EPS for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be issued a dividend of $0.34 per share. This is a positive change from United Bankshares’s previous quarterly dividend of $0.33. The ex-dividend date is Thursday, December 7th. This represents a $1.36 annualized dividend and a dividend yield of 3.81%. United Bankshares’s dividend payout ratio (DPR) is presently 69.47%.

In other news, Director Gary G. White acquired 1,000 shares of the company’s stock in a transaction on Monday, September 11th. The shares were bought at an average price of $33.33 per share, with a total value of $33,330.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.23% of the company’s stock.

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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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