United Bankshares, Inc. (NASDAQ:UBSI – Get Free Report) has earned an average rating of “Hold” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $47.80.
A number of analysts recently weighed in on the company. Keefe, Bruyette & Woods increased their price objective on United Bankshares from $46.00 to $48.00 and gave the company a “market perform” rating in a report on Monday, July 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of United Bankshares in a report on Monday, July 6th. Wall Street Zen upgraded United Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Hovde Group increased their price target on United Bankshares from $49.00 to $50.00 and gave the company a “market perform” rating in a research note on Friday, July 24th. Finally, Raymond James Financial increased their price target on United Bankshares from $49.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st.
Check Out Our Latest Research Report on UBSI
Insiders Place Their Bets
Institutional Investors Weigh In On United Bankshares
A number of institutional investors have recently modified their holdings of UBSI. Allworth Financial LP lifted its stake in shares of United Bankshares by 34.4% during the 2nd quarter. Allworth Financial LP now owns 942 shares of the financial services provider’s stock valued at $43,000 after buying an additional 241 shares in the last quarter. Inspire Investing LLC increased its stake in United Bankshares by 2.0% in the 1st quarter. Inspire Investing LLC now owns 12,389 shares of the financial services provider’s stock worth $513,000 after buying an additional 245 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in United Bankshares by 24.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,492 shares of the financial services provider’s stock worth $57,000 after buying an additional 292 shares in the last quarter. Root Financial Partners LLC raised its holdings in United Bankshares by 64.4% during the first quarter. Root Financial Partners LLC now owns 786 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 308 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in United Bankshares by 0.9% during the second quarter. NewEdge Advisors LLC now owns 36,324 shares of the financial services provider’s stock valued at $1,665,000 after acquiring an additional 330 shares during the period. 70.80% of the stock is owned by institutional investors.
United Bankshares Stock Up 0.7%
Shares of NASDAQ UBSI opened at $46.53 on Friday. The company has a 50 day simple moving average of $47.79 and a 200 day simple moving average of $44.93. The firm has a market cap of $6.34 billion, a PE ratio of 12.68 and a beta of 0.70. United Bankshares has a 1 year low of $34.10 and a 1 year high of $49.62. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.97.
United Bankshares (NASDAQ:UBSI – Get Free Report) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The firm had revenue of $323.82 million for the quarter, compared to analyst estimates of $320.07 million. United Bankshares had a net margin of 27.97% and a return on equity of 9.39%. During the same period in the previous year, the firm posted $0.85 EPS. On average, research analysts forecast that United Bankshares will post 3.71 EPS for the current year.
United Bankshares Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be issued a $0.38 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.52 annualized dividend and a yield of 3.3%. United Bankshares’s dividend payout ratio is presently 41.42%.
United Bankshares Company Profile
United Bankshares, Inc is a bank holding company headquartered in Charleston, West Virginia. Through its principal subsidiary, United Bank, the company provides community banking services to individuals, businesses, and institutions. Its offerings include checking and savings accounts, consumer and commercial loans, residential mortgages, treasury management, online and mobile banking, wealth management, trust services, and other financial solutions.
United Bankshares operates a regional banking network serving communities in West Virginia, Virginia, Ohio, Maryland, Pennsylvania, and the District of Columbia.
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