United Bankshares (UBSI) Upgraded at BidaskClub

BidaskClub upgraded shares of United Bankshares (NASDAQ:UBSI) from a strong sell rating to a sell rating in a research note released on Tuesday morning.

A number of other research analysts have also recently commented on UBSI. ValuEngine cut shares of United Bankshares from a hold rating to a sell rating in a research report on Thursday, September 27th. Zacks Investment Research raised shares of United Bankshares from a hold rating to a buy rating and set a $42.00 target price on the stock in a research report on Tuesday, July 31st. Finally, Boenning Scattergood reaffirmed a hold rating on shares of United Bankshares in a research report on Friday, October 26th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. United Bankshares currently has a consensus rating of Hold and a consensus price target of $39.33.

Shares of UBSI stock opened at $34.45 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.00 and a current ratio of 1.02. The stock has a market cap of $3.67 billion, a PE ratio of 18.13, a PEG ratio of 1.80 and a beta of 1.11. United Bankshares has a twelve month low of $31.01 and a twelve month high of $39.95.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.01). The firm had revenue of $180.46 million for the quarter, compared to analyst estimates of $189.56 million. United Bankshares had a net margin of 25.09% and a return on equity of 7.64%. As a group, analysts forecast that United Bankshares will post 2.46 earnings per share for the current year.

In other United Bankshares news, Director Peter A. Converse sold 2,500 shares of the company’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $39.50, for a total value of $98,750.00. Following the transaction, the director now owns 471,810 shares of the company’s stock, valued at $18,636,495. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Peter A. Converse sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $39.00, for a total transaction of $195,000.00. Following the completion of the transaction, the director now directly owns 474,310 shares in the company, valued at approximately $18,498,090. The disclosure for this sale can be found here. Corporate insiders own 5.15% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC lifted its position in United Bankshares by 2.7% in the second quarter. MetLife Investment Advisors LLC now owns 112,294 shares of the financial services provider’s stock valued at $4,088,000 after buying an additional 2,910 shares during the last quarter. Macquarie Group Ltd. increased its stake in United Bankshares by 10.1% during the second quarter. Macquarie Group Ltd. now owns 828,670 shares of the financial services provider’s stock worth $30,168,000 after purchasing an additional 75,724 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in United Bankshares by 35.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 32,382 shares of the financial services provider’s stock worth $1,179,000 after purchasing an additional 8,408 shares during the period. Sterling Capital Management LLC increased its stake in United Bankshares by 3.3% during the second quarter. Sterling Capital Management LLC now owns 466,243 shares of the financial services provider’s stock worth $16,971,000 after purchasing an additional 14,993 shares during the period. Finally, First Trust Advisors LP increased its stake in United Bankshares by 4.6% during the second quarter. First Trust Advisors LP now owns 284,557 shares of the financial services provider’s stock worth $10,358,000 after purchasing an additional 12,481 shares during the period. 72.28% of the stock is currently owned by institutional investors.

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.

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