United Bankshares, Inc. (UBSI) Given Average Rating of “Hold” by Brokerages

Shares of United Bankshares, Inc. (NASDAQ:UBSI) have been given a consensus recommendation of “Hold” by the seven analysts that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $39.33.

A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of United Bankshares from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st. ValuEngine raised shares of United Bankshares from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. TheStreet raised shares of United Bankshares from a “c+” rating to a “b-” rating in a research report on Wednesday, June 6th. Zacks Investment Research raised shares of United Bankshares from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Tuesday, July 31st. Finally, DA Davidson reduced their price target on shares of United Bankshares from $40.00 to $38.00 and set a “hold” rating for the company in a research report on Friday, April 27th.

UBSI traded up $0.05 on Friday, reaching $38.30. The company had a trading volume of 230,090 shares, compared to its average volume of 613,090. United Bankshares has a 1 year low of $31.70 and a 1 year high of $38.80. The stock has a market cap of $3.97 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 1.91 and a beta of 1.05. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.05 and a quick ratio of 1.04.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. United Bankshares had a net margin of 24.38% and a return on equity of 7.40%. The firm had revenue of $185.13 million during the quarter, compared to analysts’ expectations of $184.65 million. During the same period in the previous year, the company earned $0.37 earnings per share. equities analysts expect that United Bankshares will post 2.5 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Midwest Bank Trust Division increased its stake in United Bankshares by 13.2% in the second quarter. First Midwest Bank Trust Division now owns 11,550 shares of the financial services provider’s stock valued at $420,000 after purchasing an additional 1,348 shares during the period. Naples Global Advisors LLC increased its stake in United Bankshares by 10.1% in the second quarter. Naples Global Advisors LLC now owns 15,300 shares of the financial services provider’s stock valued at $557,000 after purchasing an additional 1,400 shares during the period. Meadow Creek Investment Management LLC increased its stake in United Bankshares by 11.3% in the second quarter. Meadow Creek Investment Management LLC now owns 14,112 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 1,428 shares during the period. Teachers Advisors LLC increased its stake in United Bankshares by 0.9% in the fourth quarter. Teachers Advisors LLC now owns 194,638 shares of the financial services provider’s stock valued at $6,764,000 after purchasing an additional 1,726 shares during the period. Finally, Arizona State Retirement System increased its stake in United Bankshares by 2.7% in the second quarter. Arizona State Retirement System now owns 72,997 shares of the financial services provider’s stock valued at $2,657,000 after purchasing an additional 1,926 shares during the period. Institutional investors own 70.43% of the company’s stock.

About United Bankshares

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.

See Also: Diversification

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