United Bankshares
United Bankshares, Inc., a financial holding company, primarily provides commercial and retail banking products and services in the United States. The last earnings update was 53 days ago. More info.
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UBSI Share Price and Events
7 Day Returns
1 Year Returns
UBSI Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| United Bankshares (UBSI) | 0% | 13.2% | 12.1% | 9.9% | 0.8% | 32.9% |
| US Banks | 1.2% | 8.6% | 3.7% | -5.2% | 43.3% | 51.7% |
| US Market | -0.1% | 3.7% | 10.2% | 7.6% | 38.1% | 46.4% |
1 Year Return vs Industry and Market
- UBSI outperformed the Banks industry which returned -5.2% over the past year.
- UBSI outperformed the Market in United States of America which returned 7.6% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
United Bankshares
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for United Bankshares.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity = $33.14 * 8% |
$2.64 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 5 analysts. | $33.14 |
| Discount Rate (Cost of Equity) | See below | 8.1% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Banks Unlevered Beta | Simply Wall St/ S&P Global | 0.63 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.63 (1 + (1- 21%) (46.74%)) |
0.908 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.91 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.908 * 5.96%) |
8.14% |
Discounted Cash Flow Calculation for NasdaqGS:UBSI using Excess Returns Model Model
The calculations below outline how an intrinsic value for United Bankshares is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (8% – 8.14%) * $33.14) |
$-0.06 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $-0.06 / (8.14% - 2.73%) |
$-1.06 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $33.14 + $-1.06 |
$32.08 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $32.08 |
| Current discount | Discount to share price of
$38.79
= -1 x ($38.79 - $32.08) / $32.08 |
-20.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of United Bankshares is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for United Bankshares's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
United Bankshares's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $2.46 |
| NasdaqGS:UBSI Share Price ** | NasdaqGS (2019-04-23) in USD | $38.79 |
| United States of America Banks Industry PE Ratio | Median Figure of 587 Publicly-Listed Banks Companies | 12.86x |
| United States of America Market PE Ratio | Median Figure of 3,080 Publicly-Listed Companies | 18.03x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of United Bankshares.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:UBSI Share Price ÷ EPS (both in USD) = 38.79 ÷ 2.46 |
15.77x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- United Bankshares is overvalued based on earnings compared to the US Banks industry average.
- United Bankshares is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
United Bankshares's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 15.77x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts |
1.5%per year |
| United States of America Banks Industry PEG Ratio | Median Figure of 262 Publicly-Listed Banks Companies | 1.25x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.55x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 15.77x ÷ 1.5% |
10.63x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- United Bankshares is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
United Bankshares's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $31.78 |
| NasdaqGS:UBSI Share Price * | NasdaqGS (2019-04-23) in USD | $38.79 |
| United States of America Banks Industry PB Ratio | Median Figure of 592 Publicly-Listed Banks Companies | 1.22x |
| United States of America Market PB Ratio | Median Figure of 5,185 Publicly-Listed Companies | 1.92x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:UBSI Share Price ÷ Book Value per Share (both in USD) = 38.79 ÷ 31.78 |
1.22x |
* Primary Listing of United Bankshares.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- United Bankshares is overvalued based on assets compared to the US Banks industry average.
Value checks
We assess United Bankshares's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) United Bankshares has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- United Bankshares's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
- United Bankshares's earnings growth is positive but not above the United States of America market average.
- United Bankshares's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:UBSI Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts | 1.5% |
| NasdaqGS:UBSI Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts | 3.8% |
| United States of America Banks Industry Earnings Growth Rate | Market Cap Weighted Average | 4.2% |
| United States of America Banks Industry Revenue Growth Rate | Market Cap Weighted Average | 4.3% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.5% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | ||||
| 2020-12-31 | 747 | 264 | 5 | |
| 2019-12-31 | 723 | 258 | 5 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 693 | 293 | 256 |
| 2018-09-30 | 705 | 348 | 210 |
| 2018-06-30 | 711 | 317 | 202 |
| 2018-03-31 | 700 | 347 | 173 |
| 2017-12-31 | 652 | 254 | 150 |
| 2017-09-30 | 596 | 170 | 171 |
| 2017-06-30 | 538 | 143 | 156 |
| 2017-03-31 | 482 | 180 | 151 |
| 2016-12-31 | 471 | 171 | 147 |
| 2016-09-30 | 456 | 175 | 141 |
| 2016-06-30 | 442 | 165 | 135 |
| 2016-03-31 | 438 | 176 | 138 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
All data from United Bankshares Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | ||||
| 2020-12-31 | 2.59 | 2.66 | 2.45 | 6.00 |
| 2019-12-31 | 2.53 | 2.57 | 2.50 | 6.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 2.46 |
| 2018-09-30 | 2.01 |
| 2018-06-30 | 1.93 |
| 2018-03-31 | 1.67 |
| 2017-12-31 | 1.54 |
| 2017-09-30 | 1.89 |
| 2017-06-30 | 1.87 |
| 2017-03-31 | 1.98 |
| 2016-12-31 | 2.00 |
| 2016-09-30 | 1.97 |
| 2016-06-30 | 1.93 |
| 2016-03-31 | 1.98 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess United Bankshares's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
United Bankshares has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has United Bankshares performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- United Bankshares's year on year earnings growth rate has been positive over the past 5 years.
- United Bankshares's 1-year earnings growth exceeds its 5-year average (70.2% vs 15.3%)
- United Bankshares's earnings growth has exceeded the US Banks industry average in the past year (70.2% vs 43.5%).
Earnings and Revenue History
All data from United Bankshares Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 692.58 | 255.88 | 279.39 | |
| 2018-09-30 | 705.28 | 210.00 | 282.01 | |
| 2018-06-30 | 710.85 | 202.36 | 284.54 | |
| 2018-03-31 | 700.43 | 173.21 | 282.93 | |
| 2017-12-31 | 652.24 | 150.34 | 257.81 | |
| 2017-09-30 | 595.68 | 171.43 | 232.90 | |
| 2017-06-30 | 537.56 | 156.19 | 205.44 | |
| 2017-03-31 | 482.08 | 150.92 | 177.87 | |
| 2016-12-31 | 470.85 | 146.83 | 174.84 | |
| 2016-09-30 | 455.73 | 141.21 | 173.45 | |
| 2016-06-30 | 441.57 | 134.66 | 170.41 | |
| 2016-03-31 | 438.23 | 137.73 | 168.75 | |
| 2015-12-31 | 435.18 | 137.72 | 167.52 | |
| 2015-09-30 | 439.88 | 137.55 | 165.52 | |
| 2015-06-30 | 438.27 | 135.95 | 163.78 | |
| 2015-03-31 | 435.31 | 134.39 | 163.12 | |
| 2014-12-31 | 434.73 | 129.66 | 162.22 | |
| 2014-09-30 | 387.66 | 116.29 | 153.84 | |
| 2014-06-30 | 361.51 | 105.20 | 147.23 | |
| 2014-03-31 | 335.13 | 94.17 | 140.13 | |
| 2013-12-31 | 317.08 | 85.63 | 133.78 | |
| 2013-09-30 | 321.98 | 87.18 | 134.43 | |
| 2013-06-30 | 323.10 | 84.35 | 134.87 | |
| 2013-03-31 | 324.96 | 83.18 | 137.05 | |
| 2012-12-31 | 324.69 | 82.61 | 138.12 | |
| 2012-09-30 | 325.27 | 81.65 | 137.85 | |
| 2012-06-30 | 321.06 | 82.33 | 136.09 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- United Bankshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- United Bankshares used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
- Unable to establish if United Bankshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess United Bankshares's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
United Bankshares has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from United Bankshares Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 3,251.62 | 1,853.43 | 1,026.90 |
| 2018-09-30 | 3,251.13 | 1,699.08 | 1,263.88 |
| 2018-06-30 | 3,242.57 | 1,995.57 | 1,102.91 |
| 2018-03-31 | 3,251.31 | 1,564.06 | 1,147.37 |
| 2017-12-31 | 3,240.53 | 1,842.04 | 1,671.27 |
| 2017-09-30 | 3,263.84 | 1,857.31 | 1,754.61 |
| 2017-06-30 | 3,237.42 | 1,689.06 | 1,424.16 |
| 2017-03-31 | 2,252.86 | 1,343.28 | 1,669.74 |
| 2016-12-31 | 2,235.75 | 1,384.18 | 1,436.82 |
| 2016-09-30 | 2,028.68 | 1,649.41 | 1,121.53 |
| 2016-06-30 | 2,013.14 | 1,915.19 | 1,103.98 |
| 2016-03-31 | 1,735.04 | 1,460.12 | 908.01 |
| 2015-12-31 | 1,712.64 | 1,442.40 | 860.28 |
| 2015-09-30 | 1,709.84 | 1,266.57 | 1,011.72 |
| 2015-06-30 | 1,688.01 | 1,366.73 | 920.27 |
| 2015-03-31 | 1,678.06 | 1,306.67 | 671.27 |
| 2014-12-31 | 1,656.16 | 1,545.10 | 756.86 |
| 2014-09-30 | 1,653.67 | 1,608.14 | 592.53 |
| 2014-06-30 | 1,639.28 | 1,595.01 | 716.81 |
| 2014-03-31 | 1,616.12 | 1,614.21 | 581.68 |
| 2013-12-31 | 1,041.73 | 1,007.65 | 419.84 |
| 2013-09-30 | 1,017.71 | 826.13 | 344.61 |
| 2013-06-30 | 1,006.06 | 835.11 | 381.70 |
| 2013-03-31 | 1,000.25 | 556.83 | 364.55 |
| 2012-12-31 | 992.25 | 604.17 | 434.44 |
| 2012-09-30 | 988.43 | 578.78 | 439.16 |
| 2012-06-30 | 981.18 | 560.95 | 676.39 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- United Bankshares has an acceptable proportion of non-loan assets held.
- United Bankshares's liabilities are made up of primarily low risk sources of funding.
- Loans at United Bankshares are broadly funded by customer deposits.
- United Bankshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
- United Bankshares has a low allowance for bad loans.
- United Bankshares has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess United Bankshares's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) United Bankshares has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is United Bankshares's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
United Bankshares
shares you are expected to receive
$70
in your first year as a dividend.
Dividend Amount
- United Bankshares's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
- United Bankshares's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| United States of America Banks Industry Average Dividend Yield | Market Cap Weighted Average of 472 Stocks | 2.8% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2008 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | ||
| 2020-12-31 | 1.43 | 5.00 |
| 2019-12-31 | 1.38 | 5.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-25 | 1.360 | 3.637 |
| 2018-11-16 | 1.360 | 3.977 |
| 2018-08-27 | 1.360 | 3.790 |
| 2018-05-31 | 1.360 | 3.629 |
| 2018-02-26 | 1.360 | 3.823 |
| 2017-11-10 | 1.360 | 3.799 |
| 2017-08-28 | 1.320 | 3.705 |
| 2017-05-26 | 1.320 | 3.592 |
| 2017-02-27 | 1.320 | 3.211 |
| 2016-11-04 | 1.320 | 2.931 |
| 2016-08-29 | 1.320 | 3.505 |
| 2016-05-19 | 1.320 | 3.448 |
| 2016-02-29 | 1.320 | 3.562 |
| 2015-11-06 | 1.320 | 3.595 |
| 2015-08-24 | 1.280 | 3.370 |
| 2015-05-21 | 1.280 | 3.202 |
| 2015-02-23 | 1.280 | 3.402 |
| 2014-11-07 | 1.280 | 3.578 |
| 2014-08-25 | 1.280 | 3.937 |
| 2014-05-21 | 1.280 | 4.038 |
| 2014-02-24 | 1.280 | 4.273 |
| 2013-11-08 | 1.280 | 4.190 |
| 2013-08-26 | 1.240 | 4.260 |
| 2013-05-21 | 1.240 | 4.543 |
| 2013-02-19 | 1.240 | 4.782 |
| 2013-01-29 | 1.240 | 4.799 |
| 2012-08-27 | 1.240 | 5.026 |
| 2012-05-22 | 1.240 | 5.036 |
| 2012-02-27 | 1.240 | 4.473 |
| 2011-11-21 | 1.240 | 4.415 |
| 2011-08-29 | 1.200 | 5.417 |
| 2011-05-17 | 1.200 | 5.186 |
| 2011-05-06 | 1.200 | 4.847 |
| 2011-04-26 | 1.200 | 4.683 |
| 2010-11-22 | 1.200 | 4.341 |
| 2010-08-30 | 1.200 | 4.684 |
| 2010-05-04 | 1.200 | 4.652 |
| 2010-04-26 | 1.200 | 4.063 |
| 2009-11-23 | 1.200 | 5.196 |
| 2009-07-27 | 1.160 | 6.130 |
| 2009-05-19 | 1.160 | 5.846 |
| 2009-04-24 | 1.160 | 4.739 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
United Bankshares's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.8x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
Income/ dividend checks
We assess United Bankshares's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can United Bankshares afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) United Bankshares has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $3,255,935 |
| AGE | 71 |
| TENURE AS CEO | 35.3 years |
CEO Bio
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 career as a Management Trainee with Wachovia Bank and Trust in Winston-Salem, NC. He was named President and Chairman of what was The Parkersburg National Bank. He has been Director of United Bankshares, Inc since 1984 and serves as Chairman of the Board at United Bank. Mr. Adams is a member of The Financial Services Roundtable, the World President’s Organization, and is a Board Member of the WV United Health System. He is a Past Chairman of the West Virginia Chamber of Commerce, Past Chairman of the Board of Directors of the West Virginia Business Roundtable, WV Kids Count, West Virginia Bankers Association, the Parkersburg Development Corporation, Wood County Development Corporation, Greater Mid-Ohio Valley Chamber of Commerce, and Eastern States Bankcard Association in New York. He has been a member of the International Financial Conference and has served on the American Bankers Association Governing Council, as well as the West Virginia Higher Education Policy Commission. He has also served on the Board of the Federal Reserve Bank, the Board of Trustees of Camden Clark Memorial Hospital, the Office of the Comptroller of the Currency Regional Advisory Council, the Young President’s Organization of America and the Rotary Club. He is also the Founder of the Kids Golf Classic Tournament. Mr. Adams has been honored as a recipient of the Governor’s “Distinguished West Virginian Award”, the WVU “Most Loyal West Virginian Award”, the Ernst & Young “Lifetime Achievement Award”, and the West Virginia “Banker of the Year Award”. He was selected by Morningstar, Inc. as one of three nominees nationwide for their CEO of the Year Award. He has received several honors from The State Journal, including the “Who’s Who in West Virginia Business Award” and the “Lorenelle White Lifetime Achievement Award.” He has been recognized by the Parkersburg Area Jaycees as “Boss of the Year”, in addition to “Citizen of the Year” by the Parkersburg YMCA. He has published articles in various national banking journals, was a member of the U.S. Army Reserves and the Vestry of the Good Shepherd Episcopal Church. He is a graduate of West Virginia University and the Stonier Graduate School of Banking at Rutgers University.
CEO Compensation
- Richard's compensation has been consistent with company performance over the past year.
- Richard's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the United Bankshares management team in years:
- The tenure for the United Bankshares management team is about average.
Management Team
Richard Adams
Chairman & CEO
$3M
71
35.3 yrs
Rick Adams
President
$1M
50
4.4 yrs
W. Tatterson
Executive VP
$1M
43
4.3 yrs
Jim Consagra
Executive VP & COO
$1M
57
4.4 yrs
Craige Smith
Executive VP and Chief Administrative & Information Officer
$713K
66
4.3 yrs
Darren Williams
Executive VP & Chief Risk Officer
46
4.4 yrs
Doug Ernest
Executive VP & Chief Credit Officer
54
4.3 yrs
Board of Directors Tenure
Average tenure and age of the United Bankshares board of directors in years:
- The average tenure for the United Bankshares board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Richard Adams
Chairman & CEO
$3M
71
35.3 yrs
Clinton Winter
Lead Director
$124K
70
Robert Astorg
Director
$101K
74
28.3 yrs
J. McNamara
Director
$106K
69
16.3 yrs
Mark Nesselroad
Director
$103K
61
7.8 yrs
Theodore Georgelas
Director
$83K
71
29.3 yrs
Mary Weddle
Director
$106K
68
15.3 yrs
Gary White
Director
$103K
68
10.6 yrs
Peter Converse
Director
$203K
67
5.3 yrs
Mike Fitzgerald
Director
$335K
61
2.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 06. Mar 19 | Sell | Richard Adams | Individual | 06. Mar 19 | 06. Mar 19 | -14,790 | $37.97 | $-561,526 | ||
| 28. Dec 18 | Buy | Robert Astorg | Individual | 27. Dec 18 | 27. Dec 18 | 244 | $30.22 | $7,372 | ||
| 27. Dec 18 | Buy | Paul Winter | Individual | 27. Dec 18 | 27. Dec 18 | 1,000 | $29.70 | $29,700 | ||
Management checks
We assess United Bankshares's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) United Bankshares has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Does The United Bankshares, Inc. (NASDAQ:UBSI) Share Price Fall With The Market?
Some stocks mimic the volatility of the market quite closely, while others demonstrate muted, exagerrated or uncorrelated price movements. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.
Simply Wall St - – Full articleIs United Bankshares, Inc.'s (NASDAQ:UBSI) CEO Paid At A Competitive Rate?
How Does Richard Adams's Compensation Compare With Similar Sized Companies. … has a market cap of US$3.9b, and is paying total annual CEO compensation of US$3.3m. … We think total compensation is more important but we note that the CEO salary is lower, at US$1.1m.
Simply Wall St - – Full articleAre You An Income Investor? Don't Miss Out On United Bankshares, Inc. (NASDAQ:UBSI)
Over the past 10 years United Bankshares, Inc. … The stock currently pays out a dividend yield of 4.0%, and has a market cap of US$3.5b. … Let's take a look at United Bankshares in more detail.
Simply Wall St - – Full articleIf You Had Bought United Bankshares (NASDAQ:UBSI) Shares Five Years Ago You'd Have Made 20%
Furthermore, you'd generally like to see the share price rise faster than the market. … (NASDAQ:UBSI) has fallen short of that second goal, with a share price rise of 20% over five years, which is below the market return. … During five years of share price growth, United Bankshares achieved compound earnings per share (EPS) growth of 7.7% per year.
Simply Wall St - – Full articleDo Institutions Own Shares In United Bankshares, Inc. (NASDAQ:UBSI)?
A look at the shareholders of United Bankshares, Inc. … With a market capitalization of US$3.9b, United Bankshares is rather large. … See our latest analysis for United Bankshares
Simply Wall St - – Full articleWhat Makes United Bankshares, Inc. (NASDAQ:UBSI) A Hard Investment?
As a small-cap finance stock with a market capitalisation of US$3.7b, the risk and profitability of United Bankshares, Inc. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like United Bankshares to vulnerabilities. … Check out our latest analysis for United Bankshares
Simply Wall St - – Full articleAre You Considering All The Risks For United Bankshares, Inc.’s (NASDAQ:UBSI)?
Risk associated with repayment is measured by bad debt which is written off as an expense, impacting United Bankshares’s bottom line. … Looking through a risk-lens is a useful way to assess the attractiveness of United Bankshares's a stock investment. … Check out our latest analysis for United Bankshares?
Simply Wall St - – Full articleDividend Hunters Should Consider United Bankshares, Inc. (NASDAQ:UBSI), With A 4.1% Yield
Over the past 10 years United Bankshares, Inc. … With a market cap of US$3.3b, United Bankshares pays out 68% of its earnings, leading to a 4.1% yield. … Take the survey and be part of one of the most advanced studies of stock market investors to date?
Simply Wall St - – Full articleDoes United Bankshares, Inc. (NASDAQ:UBSI) Have A Place In Your Portfolio?
Over the past 10 years United Bankshares, Inc. … The stock currently pays out a dividend yield of 4.3%, and has a market cap of US$3.3b. … Does United Bankshares tick all the boxes of a great dividend stock?
Simply Wall St - – Full articleIs It Too Late To Consider Buying United Bankshares Inc (NASDAQ:UBSI)?
United Bankshares Inc (NASDAQ:UBSI), operating in the financial services industry based in United States,. … A question to answer is whether United Bankshares's current trading price of $34.77 reflective of the actual value of the? … Let’s take a look at United Bankshares’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleCompany Info
Description
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.
Details
| Name: | United Bankshares, Inc. |
| UBSI | |
| Exchange: | NasdaqGS |
| Founded: | 1982 |
| $3,965,586,300 | |
| 102,232,181 | |
| Website: | http://www.ubsi-inc.com |
| Address: |
United Bankshares, Inc. 300 United Center, 500 Virginia Street, East, Charleston, West Virginia, 25301, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | UBSI | Common Stock | Nasdaq Global Select | US | USD | 01. Jun 1987 | |
| DB | UNK | Common Stock | Deutsche Boerse AG | DE | EUR | 01. Jun 1987 |
Number of employees
Current staff
Industry
| Regional Banks | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/23 23:46 |
| End of day share price update: | 2019/04/23 00:00 |
| Last estimates confirmation: | 2019/04/10 |
| Last earnings filing: | 2019/03/01 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
