Brokerages forecast that United Bankshares, Inc. (NASDAQ:UBSI) will report $180.53 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for United Bankshares’ earnings. The lowest sales estimate is $180.00 million and the highest is $181.22 million. United Bankshares posted sales of $187.62 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.8%. The business is expected to issue its next earnings results on Tuesday, January 29th.
According to Zacks, analysts expect that United Bankshares will report full year sales of $723.80 million for the current fiscal year, with estimates ranging from $722.04 million to $724.86 million. For the next financial year, analysts anticipate that the company will report sales of $735.34 million, with estimates ranging from $731.53 million to $742.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for United Bankshares.
United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.62 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.01). The company had revenue of $180.46 million for the quarter, compared to analyst estimates of $189.56 million. United Bankshares had a return on equity of 7.64% and a net margin of 25.09%.
In other United Bankshares news, Director Peter A. Converse sold 2,500 shares of United Bankshares stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $39.50, for a total transaction of $98,750.00. Following the sale, the director now owns 471,810 shares in the company, valued at $18,636,495. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter A. Converse sold 5,000 shares of United Bankshares stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $39.00, for a total transaction of $195,000.00. Following the sale, the director now owns 474,310 shares in the company, valued at approximately $18,498,090. The disclosure for this sale can be found here. 5.15% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. MetLife Investment Advisors LLC boosted its stake in shares of United Bankshares by 2.7% in the 2nd quarter. MetLife Investment Advisors LLC now owns 112,294 shares of the financial services provider’s stock valued at $4,088,000 after purchasing an additional 2,910 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of United Bankshares by 10.1% in the 2nd quarter. Macquarie Group Ltd. now owns 828,670 shares of the financial services provider’s stock valued at $30,168,000 after purchasing an additional 75,724 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of United Bankshares by 35.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 32,382 shares of the financial services provider’s stock valued at $1,179,000 after purchasing an additional 8,408 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of United Bankshares by 3.3% in the 2nd quarter. Sterling Capital Management LLC now owns 466,243 shares of the financial services provider’s stock valued at $16,971,000 after purchasing an additional 14,993 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of United Bankshares by 4.6% in the 2nd quarter. First Trust Advisors LP now owns 284,557 shares of the financial services provider’s stock valued at $10,358,000 after purchasing an additional 12,481 shares in the last quarter. Institutional investors own 72.28% of the company’s stock.
UBSI traded up $0.13 during midday trading on Monday, hitting $35.06. 358,795 shares of the company’s stock traded hands, compared to its average volume of 562,182. The firm has a market cap of $3.67 billion, a PE ratio of 18.45, a PEG ratio of 1.80 and a beta of 1.11. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.00 and a current ratio of 1.02. United Bankshares has a one year low of $31.01 and a one year high of $39.95.
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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