Shares of United Bankshares, Inc. (NASDAQ:UBSI) have been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $39.33.
Several analysts recently weighed in on the stock. BidaskClub upgraded shares of United Bankshares from a “hold” rating to a “buy” rating in a report on Thursday, May 31st. ValuEngine upgraded shares of United Bankshares from a “sell” rating to a “hold” rating in a research note on Monday, July 30th. DA Davidson dropped their price target on shares of United Bankshares from $40.00 to $38.00 and set a “hold” rating for the company in a research note on Friday, April 27th. Finally, Zacks Investment Research upgraded shares of United Bankshares from a “sell” rating to a “hold” rating in a research note on Tuesday, May 1st.
United Bankshares traded up $0.05, hitting $38.30, during trading on Friday, Marketbeat Ratings reports. The company had a trading volume of 230,090 shares, compared to its average volume of 613,090. United Bankshares has a 1-year low of $31.70 and a 1-year high of $38.80. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.04 and a current ratio of 1.05. The company has a market capitalization of $3.97 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 1.91 and a beta of 1.05.
United Bankshares (NASDAQ:UBSI) last posted its earnings results on Thursday, July 26th. The financial services provider reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. United Bankshares had a net margin of 24.38% and a return on equity of 7.40%. The firm had revenue of $185.13 million during the quarter, compared to the consensus estimate of $184.65 million. During the same quarter last year, the firm earned $0.37 EPS. equities research analysts forecast that United Bankshares will post 2.5 earnings per share for the current year.
Several large investors have recently bought and sold shares of UBSI. Citigroup Inc. lifted its position in shares of United Bankshares by 187.6% during the 1st quarter. Citigroup Inc. now owns 4,285 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 2,795 shares during the last quarter. Mount Yale Investment Advisors LLC purchased a new stake in shares of United Bankshares during the 1st quarter worth $159,000. Hsbc Holdings PLC purchased a new stake in shares of United Bankshares during the 1st quarter worth $200,000. Personal Capital Advisors Corp purchased a new stake in shares of United Bankshares during the 1st quarter worth $221,000. Finally, Ridgewood Investments LLC purchased a new stake in shares of United Bankshares during the 2nd quarter worth $224,000. Institutional investors and hedge funds own 70.43% of the company’s stock.
About United Bankshares
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.
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