United Bankshares (NASDAQ:UBSI) Price Target Cut to $34.00 by Analysts at Stephens

United Bankshares (NASDAQ:UBSI) had its target price decreased by Stephens from $36.00 to $34.00 in a research report released on Friday morning, Benzinga reports. Stephens currently has an equal weight rating on the financial services provider’s stock.

Separately, Raymond James increased their price objective on United Bankshares from $38.00 to $41.00 and gave the company an outperform rating in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $36.67.

United Bankshares Trading Down 0.0 %

United Bankshares stock opened at $33.35 on Friday. United Bankshares has a one year low of $25.35 and a one year high of $38.74. The stock has a market cap of $4.50 billion, a PE ratio of 12.73 and a beta of 1.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a 50-day moving average of $34.26 and a two-hundred day moving average of $33.89.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). The company had revenue of $401.39 million during the quarter, compared to analysts’ expectations of $256.80 million. United Bankshares had a net margin of 22.51% and a return on equity of 7.77%. During the same period in the previous year, the business earned $0.74 earnings per share. On average, research analysts anticipate that United Bankshares will post 2.64 EPS for the current fiscal year.

United Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend was Thursday, March 7th. United Bankshares’s dividend payout ratio is currently 56.49%.

Institutional Investors Weigh In On United Bankshares

A number of hedge funds and other institutional investors have recently made changes to their positions in UBSI. New York State Teachers Retirement System lifted its stake in shares of United Bankshares by 0.6% in the 1st quarter. New York State Teachers Retirement System now owns 133,207 shares of the financial services provider’s stock valued at $4,767,000 after purchasing an additional 800 shares during the period. Louisiana State Employees Retirement System increased its holdings in United Bankshares by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 38,700 shares of the financial services provider’s stock valued at $1,385,000 after buying an additional 800 shares in the last quarter. Wesbanco Bank Inc. raised its position in shares of United Bankshares by 11.5% in the first quarter. Wesbanco Bank Inc. now owns 123,398 shares of the financial services provider’s stock worth $4,416,000 after acquiring an additional 12,724 shares during the period. Accordant Advisory Group Inc purchased a new stake in shares of United Bankshares during the 1st quarter worth about $240,000. Finally, State of Michigan Retirement System grew its position in shares of United Bankshares by 1.9% during the 1st quarter. State of Michigan Retirement System now owns 33,013 shares of the financial services provider’s stock valued at $1,182,000 after acquiring an additional 600 shares during the period. Institutional investors and hedge funds own 70.80% of the company’s stock.

United Bankshares Company Profile

United Bankshares, Inc, through its subsidiaries, 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.