Several other equities research analysts have also commented on the stock. BidaskClub upgraded shares of United Bankshares from a sell rating to a hold rating in a research note on Thursday. Zacks Investment Research lowered shares of United Bankshares from a buy rating to a hold rating in a research note on Wednesday. Sandler O’Neill set a $38.00 price objective on shares of United Bankshares and gave the company a hold rating in a research note on Thursday, January 4th. Finally, Boenning Scattergood restated a hold rating on shares of United Bankshares in a research note on Friday, October 27th. Seven analysts have rated the stock with a hold rating, The company has an average rating of Hold and a consensus price target of $42.25.
Shares of United Bankshares (UBSI) opened at $37.55 on Wednesday. United Bankshares has a one year low of $31.70 and a one year high of $46.35. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.02 and a current ratio of 1.04. The company has a market cap of $3,884.72, a price-to-earnings ratio of 24.07, a P/E/G ratio of 1.86 and a beta of 1.05.
United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. United Bankshares had a net margin of 19.93% and a return on equity of 6.28%. The firm had revenue of $187.62 million for the quarter, compared to analyst estimates of $182.94 million. During the same period last year, the business earned $0.51 EPS. analysts predict that United Bankshares will post 2.49 earnings per share for the current fiscal year.
In other news, Director Michael P. Fitzgerald sold 27,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $37.05, for a total transaction of $1,000,350.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Peter A. Converse sold 69,020 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $37.03, for a total transaction of $2,555,810.60. The disclosure for this sale can be found here. Insiders own 6.23% of the company’s stock.
Several institutional investors have recently modified their holdings of UBSI. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of United Bankshares by 42.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,765 shares of the financial services provider’s stock worth $200,000 after acquiring an additional 1,712 shares during the period. Chicago Partners Investment Group LLC acquired a new position in shares of United Bankshares during the third quarter worth about $216,000. Engineers Gate Manager LP acquired a new position in shares of United Bankshares during the third quarter worth about $241,000. Cubist Systematic Strategies LLC acquired a new position in shares of United Bankshares during the second quarter worth about $248,000. Finally, Tyers Asset Management LLC increased its stake in shares of United Bankshares by 32.8% during the fourth quarter. Tyers Asset Management LLC now owns 7,248 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 1,792 shares during the period. Institutional investors and hedge funds own 67.78% of the company’s stock.
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United Bankshares Company Profile
United Bankshares, Inc (United) is a bank holding company. The Company operates through community banking segment. United’s Banking Subsidiaries offer a range of commercial and retail banking services and products. United, through its subsidiaries, engages in community banking and offers banking products and services permitted by law and regulation.
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