United Bankshares, Inc. (NASDAQ:UBSI) Given Average Recommendation of “Hold” by Analysts

Shares of United Bankshares, Inc. (NASDAQ:UBSI) have been given an average recommendation of “Hold” by the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $41.8333.

UBSI has been the topic of several research analyst reports. Piper Sandler set a $42.50 target price on United Bankshares and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Zacks Research cut shares of United Bankshares from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of United Bankshares in a research report on Monday, December 29th.

United Bankshares Stock Performance

Shares of NASDAQ:UBSI opened at $40.64 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average price of $38.07 and a 200-day moving average price of $37.38. The company has a market cap of $5.71 billion, a price-to-earnings ratio of 13.32 and a beta of 0.78. United Bankshares has a 12 month low of $30.50 and a 12 month high of $40.90.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.10. The company had revenue of $280.90 million for the quarter, compared to the consensus estimate of $307.78 million. United Bankshares had a return on equity of 8.15% and a net margin of 24.37%.During the same quarter in the previous year, the business earned $0.70 EPS. As a group, equities analysts anticipate that United Bankshares will post 2.81 EPS for the current year.

United Bankshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were given a dividend of $0.38 per share. This is an increase from United Bankshares’s previous quarterly dividend of $0.37. This represents a $1.52 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Friday, December 12th. United Bankshares’s dividend payout ratio is presently 49.84%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new stake in shares of United Bankshares in the second quarter worth $25,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of United Bankshares in the 3rd quarter worth about $25,000. Hantz Financial Services Inc. grew its position in United Bankshares by 261.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 749 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 542 shares during the last quarter. Bogart Wealth LLC increased its stake in United Bankshares by 655.4% during the 3rd quarter. Bogart Wealth LLC now owns 763 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 662 shares in the last quarter. Finally, Rothschild Investment LLC increased its stake in United Bankshares by 174.8% during the 3rd quarter. Rothschild Investment LLC now owns 838 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 533 shares in the last quarter. Hedge funds and other institutional investors own 70.80% of the company’s stock.

United Bankshares Company Profile

United Bankshares, Inc, headquartered in Charleston, West Virginia, is a bank holding company that provides a full range of financial services through its primary subsidiary, United Bank. The company’s core offerings include retail and commercial banking products such as checking and savings accounts, certificates of deposit, personal and business loans, mortgages, and treasury management services. In addition, United Bankshares delivers private banking, wealth management, trust and fiduciary solutions, and investment advisory services to meet the needs of individual, corporate, and institutional clients.

United Bankshares operates an extensive branch network across West Virginia, Virginia, Maryland, the District of Columbia, Ohio, Pennsylvania, and South Carolina.