United Bankshares, Inc. (UBSI) – What Are Brokerages Saying About This Stock?

United Bankshares, Inc. (NASDAQ:UBSI) has received an average recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $49.20.

A number of research firms recently issued reports on UBSI. Hovde Group lifted their target price on United Bankshares from $49.00 to $50.00 and gave the company a “market perform” rating in a research report on Friday, July 24th. Piper Sandler raised their target price on United Bankshares from $51.00 to $54.00 and gave the stock an “overweight” rating in a research note on Monday, October 26th. Wall Street Zen raised United Bankshares from a “sell” rating to a “hold” rating in a research report on Sunday, November 1st. Weiss Ratings upgraded shares of United Bankshares from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday. Finally, Keefe, Bruyette & Woods lifted their target price on shares of United Bankshares from $46.00 to $48.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th.

Insider Buying and Selling

In other United Bankshares news, Director Mark Nesselroad sold 3,200 shares of United Bankshares stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $46.42, for a total value of $148,544.00. Following the completion of the transaction, the director owned 32,224 shares in the company, valued at approximately $1,495,838.08. The trade was a 9.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.16% of the stock is currently owned by insiders.

Hedge Funds Weigh In On United Bankshares

Several hedge funds have recently made changes to their positions in the company. Fisher Asset Management LLC boosted its holdings in shares of United Bankshares by 5.7% in the third quarter. Fisher Asset Management LLC now owns 1,475,230 shares of the financial services provider’s stock valued at $67,772,000 after acquiring an additional 79,402 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of United Bankshares by 54.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 124,795 shares of the financial services provider’s stock valued at $5,734,000 after purchasing an additional 44,024 shares during the period. Jefferies Financial Group Inc. boosted its holdings in United Bankshares by 103.2% in the 3rd quarter. Jefferies Financial Group Inc. now owns 14,900 shares of the financial services provider’s stock valued at $685,000 after purchasing an additional 7,569 shares during the period. Brighton Jones LLC lifted its stake in shares of United Bankshares by 1.1% in the third quarter. Brighton Jones LLC now owns 21,345 shares of the financial services provider’s stock worth $981,000 after buying an additional 239 shares in the last quarter. Finally, StoneX Group Inc. purchased a new position in United Bankshares in the third quarter worth about $890,000. 70.80% of the stock is owned by institutional investors and hedge funds.

United Bankshares Stock Down 0.4%

Shares of NASDAQ:UBSI opened at $48.22 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.97 and a quick ratio of 0.97. The stock’s 50-day moving average is $47.17 and its 200 day moving average is $44.97. The company has a market cap of $6.57 billion, a PE ratio of 13.07 and a beta of 0.73. United Bankshares has a 1 year low of $34.68 and a 1 year high of $50.47.

United Bankshares (NASDAQ:UBSI) last released its earnings results on Thursday, October 22nd. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. The business had revenue of $325.10 million during the quarter, compared to analyst estimates of $327.23 million. United Bankshares had a net margin of 28.03% and a return on equity of 9.37%. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Sell-side analysts anticipate that United Bankshares will post 3.74 EPS for the current year.

United Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 11th were paid a $0.38 dividend. The ex-dividend date was Friday, September 11th. This represents a $1.52 dividend on an annualized basis and a yield of 3.2%. United Bankshares’s dividend payout ratio (DPR) is currently 41.19%.

United Bankshares Company Profile

United Bankshares, Inc is a financial holding company that operates through its subsidiary, United Bank. The company provides a broad range of banking and financial services to individuals, businesses, nonprofit organizations and government entities.

United Bank’s offerings include checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, commercial and industrial financing, treasury management and online and mobile banking.