Stock Analysis Report

Executive Summary

United Bankshares, Inc., a financial holding company, primarily provides commercial and retail banking products and services in the United States.

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




US Banks


US Market

1 Year Return




US Banks


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

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 Year7.1%-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


Is United Bankshares undervalued compared to its fair value and its price relative to the market?


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?


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?


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


What is United Bankshares's current dividend yield, its reliability and sustainability?


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


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Richard Adams (72yo)





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

Richard Adams
Chairman & CEO36.1yrsUS$3.26m1.14% $38.9m
Richard Adams
President5.3yrsUS$1.18m0.20% $6.9m
W. Tatterson
Executive VP5.1yrsUS$1.11m0.12% $4.2m
James Consagra
Executive VP & COO5.3yrsUS$1.17m0.18% $6.1m
Craige Smith
Executive VP and Chief Administrative & Information Officer5.1yrsUS$713.16k0.11% $3.6m
Darren Williams
Executive VP & Chief Risk Officer5.3yrsno data0.0083% $285.3k
Douglas Ernest
Executive VP & Chief Credit Officer5.1yrsno data0.013% $449.3k


Average Tenure


Average Age

Experienced Management: UBSI's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Richard Adams
Chairman & CEO36.1yrsUS$3.26m1.14% $38.9m
Theodore Georgelas
Independent Director30.1yrsUS$82.51k0.050% $1.7m
Paul Winter
Lead Director0yrsUS$123.51k0.50% $17.2m
J. McNamara
Independent Director17.1yrsUS$106.03k0.075% $2.6m
Peter Converse
Director6.1yrsUS$202.76k0.47% $16.2m
Gary White
Independent Director11.4yrsUS$103.01k0.025% $862.3k
Mary Weddle
Independent Director16.1yrsUS$105.76k0.014% $474.6k
Mark Nesselroad
Independent Director8.6yrsUS$102.51k0.078% $2.7m
Albert Small
Independent Director1.3yrsUS$7.13k0.0064% $219.8k
Michael Fitzgerald
Independent Director3.7yrsUS$334.64k0.21% $7.2m


Average Tenure


Average Age

Experienced Board: UBSI's board of directors are seasoned and experienced ( 11.4 years average tenure).


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:

Number of Employees


  • United Bankshares, Inc.
  • 300 United Center
  • 500 Virginia Street, East
  • Charleston
  • West Virginia
  • 25301
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UBSINasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJun 1987
UNKDB (Deutsche Boerse AG)YesCommon StockDEEURJun 1987


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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 00:43
End of Day Share Price2020/02/19 00:00
Annual Earnings2019/12/31

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.