Shares of United Bankshares, Inc. (NASDAQ:UBSI) have earned an average recommendation of “Hold” from the six ratings firms 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 twelve-month target price among brokers that have updated their coverage on the stock in the last year is $39.50.
UBSI has been the subject of a number of analyst reports. Zacks Investment Research upgraded United Bankshares from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Wednesday, April 3rd. BidaskClub upgraded United Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, February 9th.
In other news, President Richard M. Adams, Jr. sold 14,790 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $37.97, for a total transaction of $561,576.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.62% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of UBSI. MetLife Investment Advisors LLC increased its position in United Bankshares by 17.3% during the third quarter. MetLife Investment Advisors LLC now owns 131,667 shares of the financial services provider’s stock worth $4,786,000 after buying an additional 19,373 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of United Bankshares by 985.1% in the third quarter. Captrust Financial Advisors now owns 3,559 shares of the financial services provider’s stock valued at $131,000 after buying an additional 3,231 shares during the period. Teachers Advisors LLC lifted its stake in shares of United Bankshares by 7.8% in the third quarter. Teachers Advisors LLC now owns 213,312 shares of the financial services provider’s stock valued at $7,754,000 after buying an additional 15,526 shares during the period. Graves Light Private Wealth Management Inc. bought a new stake in shares of United Bankshares in the fourth quarter valued at about $284,000. Finally, Credit Suisse AG lifted its stake in shares of United Bankshares by 6.9% in the third quarter. Credit Suisse AG now owns 77,278 shares of the financial services provider’s stock valued at $2,809,000 after buying an additional 4,969 shares during the period. Institutional investors and hedge funds own 71.85% of the company’s stock.
United Bankshares stock opened at $38.38 on Friday. The company has a market capitalization of $3.88 billion, a P/E ratio of 15.67, a PEG ratio of 1.88 and a beta of 1.26. United Bankshares has a 12-month low of $29.13 and a 12-month high of $39.95. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.51.
United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Tuesday, January 29th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $176.53 million during the quarter, compared to analyst estimates of $180.53 million. United Bankshares had a net margin of 30.28% and a return on equity of 7.89%. During the same period last year, the firm posted $0.53 EPS. Analysts forecast that United Bankshares will post 2.52 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were given a dividend of $0.34 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.36 annualized dividend and a dividend yield of 3.54%. United Bankshares’s dividend payout ratio (DPR) is 55.51%.
United Bankshares Company Profile
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.
Featured Story: How to identify percentage decliners
Receive News & Ratings for United Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.