United Bankshares(NASDAQ:UBSI) Declares Dividend of $0.3300.

United Bankshares (NASDAQ:UBSI) had declared a cash dividend of $0.3300 on Aug 29, 2016. The shares will quote ex-dividend on Sep 7, 2016 and the record date has been fixed for Sep 9, 2016. On Aug 29, 2016 share price, the yield comes out to be 3.3881%. The dividend payable date has been fixed on Oct 3, 2016.

In a different note, On Aug 22, 2016, Keefe Bruyette & Woods said it Maintains its rating on United Bankshares. In the research note, the firm Raises the price-target to $36.00 per share. The shares have been rated ‘Market Perform’ by the firm.

United Bankshares (UBSI) shares turned negative on Thursdays trading session with the shares closing down -0.46 points or -1.17% at a volume of 4,18,198. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $39.55. The peak price level was also seen at $39.55 while the days lowest was $38.6. Finally the shares closed at $38.94. The 52-week high of the shares is $43.13 while the 52-week low is $32.2201. According to the latest information available, the market cap of the company is $2,974 M.

United Bankshares(UBSI) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $122.20M. Analysts had an estimated revenue of $119.98M. Earnings per share were $0.48. Analysts had estimated an EPS of $0.50.

Several Insider Transactions has been reported to the SEC. On Feb 11, 2016, Peter A Converse (director) purchased 45 shares at $32.88 per share price.Also, On Feb 8, 2016, Darren K Williams (Executive Vice-President) purchased 352 shares at $33.96 per share price.On Feb 2, 2016, J Paul Mcnamara (director) purchased 1,000 shares at $33.19 per share price, according to the Form-4 filing with the securities and exchange commission.

United Bankshares Inc. (United) is a bank holding company. The Company has two banking subsidiaries (the Banking Subsidiaries): United Bank (WV) and United Bank (VA). United’s Banking Subsidiaries offer a range of commercial and retail banking services and products. United also owns nonbank subsidiaries which engage in other community banking services such as asset management real property title insurance financial planning and brokerage services. Included among the banking services offered are the acceptance of deposits in checking savings time and money market accounts; the making and servicing of personal commercial floor plan and student loans; and the making of construction and real estate loans. Also offered are individual retirement accounts safe deposit boxes wire transfers and other standard banking products and services. As part of its lending function the Banking Subsidiaries offer credit card services.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

United Bankshares - Is it time to Sell?

Top Brokerage Firms are advising their investors on United Bankshares. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.