United Bankshares
Market Cap
US$3.4b
Last Updated
2020/02/20 00:43 UTC
Data Sources
Company Financials +
Executive Summary
United Bankshares, Inc., a financial holding company, primarily provides commercial and retail banking products and services in the United States.
Rewards
Risk Analysis
No risks detected for UBSI from our risk checks.
Snowflake Analysis
6 star dividend payer with excellent balance sheet.
Similar Companies
Share Price & News
How has United Bankshares's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: UBSI has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.4%
UBSI
-1.0%
US Banks
0.5%
US Market
1 Year Return
-12.4%
UBSI
10.6%
US Banks
20.3%
US Market
Return vs Industry: UBSI underperformed the US Banks industry which returned 9.7% over the past year.
Return vs Market: UBSI underperformed the US Market which returned 19.4% over the past year.
Shareholder returns
| UBSI | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.4% | -1.0% | 0.5% |
| 30 Day | -9.2% | -1.2% | 2.0% |
| 90 Day | -11.0% | 0.4% | 9.4% |
| 1 Year | -9.2%-12.4% | 13.8%10.6% | 22.8%20.3% |
| 3 Year | -17.2%-25.7% | 23.5%14.6% | 50.1%40.4% |
| 5 Year | 7.1%-10.2% | 74.0%54.2% | 73.1%54.1% |
Price Volatility Vs. Market
How volatile is United Bankshares's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
What Kind Of Shareholder Appears On The United Bankshares, Inc.'s (NASDAQ:UBSI) Shareholder Register?3 weeks ago | Simply Wall St
Here's What United Bankshares, Inc.'s (NASDAQ:UBSI) P/E Is Telling Us1 month ago | Simply Wall St
How United Bankshares, Inc. (NASDAQ:UBSI) Can Impact Your Portfolio VolatilityValuation
Is United Bankshares undervalued compared to its fair value and its price relative to the market?
9.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: UBSI ($33.76) is trading below our estimate of fair value ($37.59)
Significantly Below Fair Value: UBSI is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: UBSI is poor value based on its PE Ratio (13.2x) compared to the Banks industry average (12.6x).
PE vs Market: UBSI is good value based on its PE Ratio (13.2x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: UBSI is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: UBSI is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is United Bankshares forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
16.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UBSI's forecast earnings growth (16.1% per year) is above the savings rate (1.7%).
Earnings vs Market: UBSI's earnings (16.1% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: UBSI's earnings are forecast to grow, but not significantly.
Revenue vs Market: UBSI's revenue (14.3% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: UBSI's revenue (14.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: UBSI's Return on Equity is forecast to be low in 3 years time (7.4%).
Next Steps
Past Performance
How has United Bankshares performed over the past 5 years?
16.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UBSI has high quality earnings.
Growing Profit Margin: UBSI's current net profit margins (36.9%) are lower than last year (36.9%).
Past Earnings Growth Analysis
Earnings Trend: UBSI's earnings have grown by 16.7% per year over the past 5 years.
Accelerating Growth: UBSI's earnings growth over the past year (1.7%) is below its 5-year average (16.7% per year).
Earnings vs Industry: UBSI earnings growth over the past year (1.7%) underperformed the Banks industry 12.3%.
Return on Equity
High ROE: UBSI's Return on Equity (7.7%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is United Bankshares's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: UBSI has a low level of unsold assets or inventory.
Debt Coverage by Assets: UBSI's debt is not covered by short term assets (assets are 0.6x debt).
Financial Institutions Analysis
Asset Level: UBSI's level of assets compared to its equity is low.
Allowance for Bad Loans: UBSI has a low allowance for bad loans.
Low Risk Liabilities: UBSI's liabilities are made up of primarily low risk sources of funding.
Loan Level: UBSI has an acceptable proportion of non-loan assets held.
Low Risk Deposits: UBSI's loans are broadly funded by customer deposits.
Level of Bad Loans: UBSI has an appropriate level of bad loans (0.96%)
Next Steps
Dividend
What is United Bankshares's current dividend yield, its reliability and sustainability?
4.15%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: UBSI's dividend (4.15%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: UBSI's dividend (4.15%) is in the top 25% of dividend payers in the US market (3.7%)
Stability and Growth of Payments
Stable Dividend: UBSI's dividends per share have been stable in the past 10 years.
Growing Dividend: UBSI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (53.5%), UBSI's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: UBSI's dividends in 3 years are forecast to be covered by earnings (53.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.3yrs
Average management tenure
CEO
Richard Adams (72yo)
36.1yrs
Tenure
US$3,255,935
Compensation
Richard M. Adams Sr. is the Chairman and Chief Executive Officer of United Bankshares, Inc. Mr. Adams served as the Chairman and Chief Executive Officer at United Bank, Inc. Mr. Adams began his banking car ...
CEO Compensation Analysis
Compensation vs Market: Richard's total compensation ($USD3.26M) is below average for companies of similar size in the US market ($USD4.89M).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 36.1yrs | US$3.26m | 1.14% $38.9m | |
| President | 5.3yrs | US$1.18m | 0.20% $6.9m | |
| Executive VP | 5.1yrs | US$1.11m | 0.12% $4.2m | |
| Executive VP & COO | 5.3yrs | US$1.17m | 0.18% $6.1m | |
| Executive VP and Chief Administrative & Information Officer | 5.1yrs | US$713.16k | 0.11% $3.6m | |
| Executive VP & Chief Risk Officer | 5.3yrs | no data | 0.0083% $285.3k | |
| Executive VP & Chief Credit Officer | 5.1yrs | no data | 0.013% $449.3k |
5.3yrs
Average Tenure
55yo
Average Age
Experienced Management: UBSI's management team is seasoned and experienced (5.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 36.1yrs | US$3.26m | 1.14% $38.9m | |
| Independent Director | 30.1yrs | US$82.51k | 0.050% $1.7m | |
| Lead Director | 0yrs | US$123.51k | 0.50% $17.2m | |
| Independent Director | 17.1yrs | US$106.03k | 0.075% $2.6m | |
| Director | 6.1yrs | US$202.76k | 0.47% $16.2m | |
| Independent Director | 11.4yrs | US$103.01k | 0.025% $862.3k | |
| Independent Director | 16.1yrs | US$105.76k | 0.014% $474.6k | |
| Independent Director | 8.6yrs | US$102.51k | 0.078% $2.7m | |
| Independent Director | 1.3yrs | US$7.13k | 0.0064% $219.8k | |
| Independent Director | 3.7yrs | US$334.64k | 0.21% $7.2m |
11.4yrs
Average Tenure
69yo
Average Age
Experienced Board: UBSI's board of directors are seasoned and experienced ( 11.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
United Bankshares, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: United Bankshares, Inc.
- Ticker: UBSI
- Exchange: NasdaqGS
- Founded: 1982
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$3.424b
- Shares outstanding: 101.55m
- Website: https://www.ubsi-inc.com
Number of Employees
Location
- United Bankshares, Inc.
- 300 United Center
- 500 Virginia Street, East
- Charleston
- West Virginia
- 25301
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| UBSI | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jun 1987 |
| UNK | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 1987 |
Biography
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. It also offers personal, commercial, floor plan, and student loans; construction and real estate loans; and consumer loans, including credit card and home equity loans. In addition, the company provides safe deposit boxes, wire transfers, and other banking products and services; investment and security, and trust services; services to correspondent banks, including check clearing, safekeeping, and buying and selling federal funds; automated teller machine services; and Internet and telephone banking services. Further, it offers community banking services, such as asset management, real property title insurance, financial planning, mortgage banking, and brokerage services. The company operates 139 full service offices, which consists of 51 offices in West Virginia; 83 offices in the Shenandoah Valley region of Virginia and the Northern Virginia, Maryland, and Washington, D.C. metropolitan areas; 4 offices in southwestern Pennsylvania; and 1 office in southeastern Ohio. United Bankshares, Inc. was incorporated in 1982 and is headquartered in Charleston, West Virginia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/20 00:43 |
| End of Day Share Price | 2020/02/19 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.