United Bankshares
Market Cap
US$4.6b
Last Updated
2021/01/19 23:06 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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet 6 star dividend payer.
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: UBSI's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
-1.9%
UBSI
-0.4%
US Banks
-0.4%
US Market
1 Year Return
-4.1%
UBSI
-7.3%
US Banks
19.5%
US Market
Return vs Industry: UBSI exceeded the US Banks industry which returned -7.3% over the past year.
Return vs Market: UBSI underperformed the US Market which returned 19.5% over the past year.
Shareholder returns
| UBSI | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.9% | -0.4% | -0.4% |
| 30 Day | 15.3% | 13.4% | 2.3% |
| 90 Day | 43.5% | 38.1% | 12.7% |
| 1 Year | 1.0%-4.1% | -3.8%-7.3% | 22.3%19.5% |
| 3 Year | 9.9%-3.1% | 0.9%-7.7% | 44.4%34.8% |
| 5 Year | 28.2%5.5% | 93.5%69.0% | 128.7%103.3% |
Long-Term 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
11 hours ago | Simply Wall St
Read This Before Buying United Bankshares, Inc. (NASDAQ:UBSI) For Its Dividend1 month ago | Simply Wall St
How Should Investors React To United Bankshares' (NASDAQ:UBSI) CEO Pay?2 months ago | Simply Wall St
If You Had Bought United Bankshares' (NASDAQ:UBSI) Shares Five Years Ago You Would Be Down 30%Valuation
Is United Bankshares undervalued compared to its fair value and its price relative to the market?
15.5x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: UBSI ($35.58) is trading above our estimate of fair value ($26.95)
Significantly Below Fair Value: UBSI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: UBSI is poor value based on its PE Ratio (15.5x) compared to the US Banks industry average (12.3x).
PE vs Market: UBSI is good value based on its PE Ratio (15.5x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: UBSI is poor value based on its PEG Ratio (8.4x)
Price to Book Ratio
PB vs Industry: UBSI's PB Ratio (1.1x) is in line with the US Banks industry average.
Next Steps
Future Growth
How is United Bankshares forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
1.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UBSI's forecast earnings growth (1.8% per year) is below the savings rate (2%).
Earnings vs Market: UBSI's earnings (1.8% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: UBSI's earnings are forecast to grow, but not significantly.
Revenue vs Market: UBSI's revenue is expected to decline over the next 3 years (-1.5% per year).
High Growth Revenue: UBSI's revenue is forecast to decline over the next 3 years (-1.5% 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?
15.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UBSI has high quality earnings.
Growing Profit Margin: UBSI's current net profit margins (30.9%) are lower than last year (37.1%).
Past Earnings Growth Analysis
Earnings Trend: UBSI's earnings have grown by 15.5% per year over the past 5 years.
Accelerating Growth: UBSI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: UBSI had negative earnings growth (-0.3%) over the past year, making it difficult to compare to the Banks industry average (-4.4%).
Return on Equity
High ROE: UBSI's Return on Equity (6.1%) is considered low.
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
Financial Institutions Analysis
Asset Level: UBSI's Assets to Equity ratio (6.1x) is low.
Allowance for Bad Loans: UBSI has a sufficient allowance for bad loans (148%).
Low Risk Liabilities: 93% of UBSI's liabilities are made up of primarily low risk sources of funding.
Loan Level: UBSI has an appropriate level of Loans to Assets ratio (68%).
Low Risk Deposits: UBSI's Loans to Deposits ratio (87%) is appropriate.
Level of Bad Loans: UBSI has an appropriate level of bad loans (0.8%).
Next Steps
Dividend
What is United Bankshares's current dividend yield, its reliability and sustainability?
3.93%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: UBSI's dividend (3.93%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: UBSI's dividend (3.93%) is in the top 25% of dividend payers in the US market (3.85%)
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 (61%), 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 (66.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.2yrs
Average management tenure
CEO
Richard Adams (73 yo)
37yrs
Tenure
US$4,376,246
Compensation
Mr. Richard M. Adams Sr. is the Chairman and Chief Executive Officer of United Bankshares, Inc. Mr. Adams served as the Chairman and Chief Executive Officer at United Bank, Inc. Mr. Adams began his banking...
CEO Compensation Analysis
Compensation vs Market: Richard's total compensation ($USD4.38M) is about average for companies of similar size in the US market ($USD5.00M).
Compensation vs Earnings: Richard's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 37yrs | US$4.38m | 0.64% $ 29.3m | |
| President | 6.17yrs | US$1.87m | 0.074% $ 3.4m | |
| Executive VP | 6yrs | US$1.53m | 0.038% $ 1.7m | |
| Executive VP & COO | 6.17yrs | US$1.80m | 0.055% $ 2.5m | |
| Executive VP & Chief Risk Officer | 6.17yrs | no data | 0.0066% $ 303.2k | |
| Executive VP & Chief Credit Officer | 6yrs | no data | 0.021% $ 958.7k | |
| Executive VP & Director | 0.67yr | no data | 0.13% $ 6.1m |
6.2yrs
Average Tenure
56yo
Average Age
Experienced Management: UBSI's management team is seasoned and experienced (6.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 37yrs | US$4.38m | 0.64% $ 29.3m | |
| Executive VP & Director | 0.67yr | no data | 0.13% $ 6.1m | |
| Independent Director | 31yrs | US$93.53k | 0.040% $ 1.9m | |
| Lead Independent Director | no data | US$133.53k | 0.37% $ 17.2m | |
| Independent Director | 18yrs | US$525.33k | 0.058% $ 2.7m | |
| Independent Director | 7yrs | US$212.03k | 0.37% $ 17.1m | |
| Independent Director | 12.33yrs | US$123.03k | 0.022% $ 1.0m | |
| Independent Director | 17yrs | US$107.03k | 0.012% $ 555.3k | |
| Independent Director | 9.5yrs | US$118.28k | 0.062% $ 2.9m | |
| Independent Director | 2.17yrs | US$84.16k | 0.0062% $ 286.6k | |
| Director | 4.58yrs | US$359.00k | 0.17% $ 7.6m | |
| Independent Director | 0.25yr | no data | 0.00015% $ 6.9k |
9.5yrs
Average Tenure
70yo
Average Age
Experienced Board: UBSI's board of directors are considered experienced (9.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: UBSI insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 27.8%.
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$4.616b
- Shares outstanding: 129.76m
- 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 Mo...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/19 23:06 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/09/30 |
| 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.