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United Bankshares

Nasdaq:UBSI
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
UBSI
Nasdaq
$4B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

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 41 days ago. More info.


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UBSI Share Price and Events
7 Day Returns
-0.8%
NasdaqGS:UBSI
0.1%
US Banks
1.2%
US Market
1 Year Returns
-3.7%
NasdaqGS:UBSI
-7.6%
US Banks
2.3%
US Market
UBSI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
United Bankshares (UBSI) -0.8% -0.6% 1.9% -3.7% -1.7% 14.6%
US Banks 0.1% 0.5% 0.7% -7.6% 45.6% 41.7%
US Market 1.2% 2% 2% 2.3% 37.9% 39.8%
1 Year Return vs Industry and Market
  • UBSI outperformed the Banks industry which returned -7.6% over the past year.
  • UBSI underperformed the Market in United States of America which returned 2.3% over the past year.
Price Volatility
UBSI
Industry
5yr Volatility vs Market

Value

 Is United Bankshares undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for United Bankshares.

NasdaqGS:UBSI Discounted Cash Flow Data Sources
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
= $33.41 * 7.9%
$2.64
Book Value of Equity per Share Weighted future Book Value estimates from 5 analysts. $33.41
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.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:UBSI
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 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.594 (1 + (1- 21%) (54.26%))
0.899
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.9
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.899 * 5.96%)
8.09%

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.

NasdaqGS:UBSI Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.9% – 8.09%) * $33.41)
$-0.07
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.07 / (8.09% - 2.73%)
$-1.23
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $33.41 + $-1.23
$32.18
NasdaqGS:UBSI Discount to Share Price
Calculation Result
Value per share (USD) From above. $32.18
Current discount Discount to share price of $36.75
= -1 x ($36.75 - $32.18) / $32.18
-14.2%

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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
NasdaqGS:UBSI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.50
NasdaqGS:UBSI Share Price ** NasdaqGS (2019-06-19) in USD $36.75
United States of America Banks Industry PE Ratio Median Figure of 600 Publicly-Listed Banks Companies 12.75x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of United Bankshares.

NasdaqGS:UBSI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:UBSI Share Price ÷ EPS (both in USD)

= 36.75 ÷ 2.50

14.72x

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?
Raw Data
NasdaqGS:UBSI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
1.4%per year
United States of America Banks Industry PEG Ratio Median Figure of 272 Publicly-Listed Banks Companies 1.37x
United States of America Market PEG Ratio Median Figure of 2,128 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

NasdaqGS:UBSI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.72x ÷ 1.4%

10.81x

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?
Raw Data
NasdaqGS:UBSI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $32.19
NasdaqGS:UBSI Share Price * NasdaqGS (2019-06-19) in USD $36.75
United States of America Banks Industry PB Ratio Median Figure of 603 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,246 Publicly-Listed Companies 1.8x
NasdaqGS:UBSI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:UBSI Share Price ÷ Book Value per Share (both in USD)

= 36.75 ÷ 32.19

1.14x

* Primary Listing of United Bankshares.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • United Bankshares is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess United Bankshares's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. United Bankshares has a total score of 2/6, 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

 How is United Bankshares expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

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!
Annual Growth Rate
1.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is United Bankshares expected to grow at an attractive rate?
  • 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
Raw Data
NasdaqGS:UBSI Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:UBSI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 1.4%
NasdaqGS:UBSI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 3.3%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
Raw Data
NasdaqGS:UBSI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:UBSI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 741 263 5
2019-12-31 721 259 5
NasdaqGS:UBSI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 692 227 258
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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • United Bankshares's earnings are expected to grow by 1.4% yearly, however this is not considered high growth (20% yearly).
  • United Bankshares's revenue is expected to grow by 3.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:UBSI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 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 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:UBSI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.59 2.63 2.50 6.00
2019-12-31 2.54 2.57 2.51 6.00
NasdaqGS:UBSI Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.50
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

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if United Bankshares will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess United Bankshares's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare United Bankshares's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 (48.8% vs 15.9%)
  • United Bankshares's earnings growth has exceeded the US Banks industry average in the past year (48.8% vs 40.4%).
Earnings and Revenue History
United Bankshares's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from United Bankshares Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:UBSI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 692.32 257.78 276.16
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.
X
Past performance checks
We assess United Bankshares's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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

 How is United Bankshares's financial position? (This company is analysed differently as a bank or financial institution)

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.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of United Bankshares's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
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.
Raw Data

All data from United Bankshares Company Filings, last reported 2 months ago.

NasdaqGS:UBSI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 3,286.89 2,036.19 1,180.15
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.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • 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%).
X
Financial health checks
We assess United Bankshares's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. United Bankshares has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
3.7%
Current annual income from United Bankshares dividends. Estimated to be 3.82% next year.
If you bought $2,000 of United Bankshares shares you are expected to receive $74 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • United Bankshares's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • United Bankshares's dividend is above the markets top 25% of dividend payers in United States of America (3.69%).
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.
Raw Data
NasdaqGS:UBSI Annualized Past and Future Dividends
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 478 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 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 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:UBSI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 1.43 5.00
2019-12-31 1.38 5.00
NasdaqGS:UBSI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-15 1.360 3.689
2019-02-25 1.360 3.604
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

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).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess United Bankshares's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of United Bankshares's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Richard Adams
COMPENSATION $3,255,935
AGE 71
TENURE AS CEO 35.4 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, both up more than 20%.
  • 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:

4.6
Average Tenure
54
Average Age
  • The tenure for the United Bankshares management team is about average.
Management Team

Richard Adams

TITLE
Chairman & CEO
COMPENSATION
$3M
AGE
71
TENURE
35.4 yrs

Rick Adams

TITLE
President
COMPENSATION
$1M
AGE
50
TENURE
4.6 yrs

W. Tatterson

TITLE
Executive VP
COMPENSATION
$1M
AGE
43
TENURE
4.4 yrs

Jim Consagra

TITLE
Executive VP & COO
COMPENSATION
$1M
AGE
57
TENURE
4.6 yrs

Craige Smith

TITLE
Executive VP and Chief Administrative & Information Officer
COMPENSATION
$713K
AGE
66
TENURE
4.4 yrs

Darren Williams

TITLE
Executive VP & Chief Risk Officer
AGE
46
TENURE
4.6 yrs

Doug Ernest

TITLE
Executive VP & Chief Credit Officer
AGE
54
TENURE
4.4 yrs
Board of Directors Tenure

Average tenure and age of the United Bankshares board of directors in years:

10.8
Average Tenure
68
Average Age
  • 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

TITLE
Chairman & CEO
COMPENSATION
$3M
AGE
71
TENURE
35.4 yrs

Clinton Winter

TITLE
Lead Director
COMPENSATION
$124K
AGE
70

J. McNamara

TITLE
Director
COMPENSATION
$106K
AGE
69

Gary White

TITLE
Director
COMPENSATION
$103K
AGE
68
TENURE
10.8 yrs

Mark Nesselroad

TITLE
Director
COMPENSATION
$103K
AGE
61
TENURE
7.9 yrs

Mike Fitzgerald

TITLE
Director
COMPENSATION
$335K
AGE
61

Theodore Georgelas

TITLE
Director
COMPENSATION
$83K
AGE
71
TENURE
29.4 yrs

Mary Weddle

TITLE
Director
COMPENSATION
$106K
AGE
68
TENURE
15.4 yrs

Peter Converse

TITLE
Director
COMPENSATION
$203K
AGE
67
TENURE
5.4 yrs

Sonny Small

TITLE
Director
COMPENSATION
$7K
AGE
61
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) 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
X
Management checks
We assess United Bankshares's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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

Investors Who Bought United Bankshares (NASDAQ:UBSI) Shares Five Years Ago Are Now Up 13%

(NASDAQ:UBSI) share price is up 13% in the last five years, that's less than the market return. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During five years of share price growth, United Bankshares achieved compound earnings per share (EPS) growth of 7.2% per year.

Simply Wall St -

What Kind Of Shareholders Own United Bankshares, Inc. (NASDAQ:UBSI)?

View our latest analysis for United Bankshares NasdaqGS:UBSI Ownership Summary, May 31st 2019 What Does The Institutional Ownership Tell Us About United Bankshares? … As you can see, institutional investors own 74% of United Bankshares. … Insider Ownership Of United Bankshares The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Here's Why I Think United Bankshares (NASDAQ:UBSI) Is An Interesting Stock

So if you're like me, you might be more interested in profitable, growing companies, like United Bankshares (NASDAQ:UBSI). … So it is good to see that United Bankshares insiders have a significant amount of capital invested in the stock. … The fact that EPS is growing is a genuine positive for United Bankshares, but the pretty picture gets better than that.

Simply Wall St -

Why United Bankshares, Inc.'s (NASDAQ:UBSI) High P/E Ratio Isn't Necessarily A Bad Thing

We'll apply a basic P/E ratio analysis to United Bankshares, Inc.'s (NASDAQ:UBSI), to help you decide if the stock is worth further research. … Looking at earnings over the last twelve months, United Bankshares has a P/E ratio of 15.76. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

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 -

Is 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 -

Are 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 -

If 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 -

Do 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 -

What 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 -

Company 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
$3,752,837,565
102,118,029
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
Staff numbers
2,230
United Bankshares employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 23:47
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/04/26
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
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.