United Bankshares, Inc. to Post Q1 2018 Earnings of $0.56 Per Share, DA Davidson Forecasts (UBSI)
United Bankshares, Inc. (NASDAQ:UBSI) – Analysts at DA Davidson increased their Q1 2018 earnings per share (EPS) estimates for United Bankshares in a research note issued on Tuesday. DA Davidson analyst R. Gunther now forecasts that the financial services provider will earn $0.56 per share for the quarter, up from their prior estimate of $0.51. DA Davidson also issued estimates for United Bankshares’ Q2 2019 earnings at $0.65 EPS.
United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. United Bankshares had a net margin of 19.93% and a return on equity of 6.28%. The business had revenue of $187.62 million for the quarter, compared to analyst estimates of $182.94 million. During the same period last year, the business earned $0.51 EPS.
Shares of United Bankshares (NASDAQ:UBSI) opened at $36.95 on Thursday. United Bankshares has a fifty-two week low of $31.70 and a fifty-two week high of $46.35. The firm has a market cap of $3,863.72, a price-to-earnings ratio of 23.69, a PEG ratio of 1.51 and a beta of 1.05. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.04 and a quick ratio of 1.04.
A number of large investors have recently made changes to their positions in the stock. Advisor Group Inc. raised its stake in United Bankshares by 19.1% during the 2nd quarter. Advisor Group Inc. now owns 9,466 shares of the financial services provider’s stock worth $371,000 after acquiring an additional 1,517 shares in the last quarter. Pacer Advisors Inc. raised its stake in United Bankshares by 11.6% during the 3rd quarter. Pacer Advisors Inc. now owns 15,183 shares of the financial services provider’s stock worth $564,000 after acquiring an additional 1,578 shares in the last quarter. Connable Office Inc. raised its stake in United Bankshares by 31.5% during the 3rd quarter. Connable Office Inc. now owns 7,134 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 1,708 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in United Bankshares by 42.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,765 shares of the financial services provider’s stock worth $200,000 after acquiring an additional 1,712 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in United Bankshares by 0.4% during the 3rd quarter. Principal Financial Group Inc. now owns 446,341 shares of the financial services provider’s stock worth $16,582,000 after acquiring an additional 1,755 shares in the last quarter. Hedge funds and other institutional investors own 65.44% 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.
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