United Bankshares, Inc. (NASDAQ:UBSI) Receives Consensus Rating of “Hold” from Analysts

Shares of United Bankshares, Inc. (NASDAQ:UBSIGet Free Report) have earned an average rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $47.80.

Several brokerages recently issued reports on UBSI. Keefe, Bruyette & Woods boosted their target price on shares of United Bankshares from $46.00 to $48.00 and gave the company a “market perform” rating in a research report on Monday. Weiss Ratings restated a “buy (b)” rating on shares of United Bankshares in a research note on Monday, July 6th. Raymond James Financial lifted their target price on United Bankshares from $49.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Hovde Group upped their price target on United Bankshares from $49.00 to $50.00 and gave the stock a “market perform” rating in a research report on Friday, July 24th. Finally, Wall Street Zen upgraded United Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th.

Read Our Latest Research Report on UBSI

Institutional Trading of United Bankshares

Several institutional investors have recently made changes to their positions in UBSI. Dimensional Fund Advisors LP lifted its holdings in United Bankshares by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,661,331 shares of the financial services provider’s stock worth $317,327,000 after purchasing an additional 56,808 shares in the last quarter. Geode Capital Management LLC boosted its stake in United Bankshares by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 3,802,338 shares of the financial services provider’s stock worth $146,030,000 after purchasing an additional 183,950 shares during the period. Norges Bank purchased a new stake in United Bankshares during the 4th quarter valued at approximately $68,366,000. Bank of America Corp DE grew its holdings in United Bankshares by 20.5% during the 1st quarter. Bank of America Corp DE now owns 1,631,894 shares of the financial services provider’s stock valued at $67,593,000 after buying an additional 277,836 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of United Bankshares by 74.7% during the fourth quarter. AQR Capital Management LLC now owns 1,625,205 shares of the financial services provider’s stock valued at $62,408,000 after buying an additional 694,953 shares during the last quarter. Hedge funds and other institutional investors own 70.80% of the company’s stock.

United Bankshares Trading Down 0.2%

Shares of NASDAQ:UBSI opened at $48.88 on Thursday. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 13.32 and a beta of 0.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.98 and a current ratio of 0.98. The stock’s 50-day simple moving average is $45.46 and its two-hundred day simple moving average is $43.42. United Bankshares has a 52-week low of $34.10 and a 52-week high of $49.27.

United Bankshares (NASDAQ:UBSIGet Free Report) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. United Bankshares had a net margin of 27.97% and a return on equity of 9.39%. The firm had revenue of $323.82 million during the quarter, compared to analyst estimates of $320.07 million. During the same quarter in the prior year, the firm earned $0.85 EPS. Analysts expect that United Bankshares will post 3.71 EPS for the current year.

United Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.52 dividend on an annualized basis and a yield of 3.1%. United Bankshares’s dividend payout ratio (DPR) is currently 41.42%.

About United Bankshares

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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.

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Analyst Recommendations for United Bankshares (NASDAQ:UBSI)

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