United Bankshares, Inc. (NASDAQ:UBSI) Given Consensus Recommendation of “Hold” by Analysts

Shares of United Bankshares, Inc. (NASDAQ:UBSI) have received a consensus recommendation of “Hold” from the five analysts that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $44.6667.

UBSI has been the topic of a number of recent research reports. Zacks Research cut United Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Keefe, Bruyette & Woods raised their target price on United Bankshares from $40.00 to $43.00 and gave the stock a “market perform” rating in a research note on Monday, January 26th. Weiss Ratings raised United Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 13th. Stephens raised their target price on United Bankshares from $40.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Finally, Piper Sandler reissued an “overweight” rating and issued a $47.00 target price on shares of United Bankshares in a research note on Monday, January 26th.

United Bankshares Stock Up 0.5%

Shares of NASDAQ:UBSI opened at $44.50 on Tuesday. The stock’s 50-day moving average price is $42.03 and its 200-day moving average price is $39.80. United Bankshares has a 12-month low of $32.81 and a 12-month high of $45.92. The stock has a market capitalization of $6.22 billion, a P/E ratio of 13.61 and a beta of 0.73. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.10.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. United Bankshares had a return on equity of 8.60% and a net margin of 25.51%.The firm had revenue of $430.85 million for the quarter, compared to analysts’ expectations of $315.50 million. During the same period last year, the firm earned $0.69 earnings per share. On average, equities analysts anticipate that United Bankshares will post 3.54 earnings per share for the current year.

United Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.52 annualized dividend and a dividend yield of 3.4%. United Bankshares’s dividend payout ratio (DPR) is presently 46.48%.

Institutional Trading of United Bankshares

Several large investors have recently modified their holdings of UBSI. Caitong International Asset Management Co. Ltd bought a new stake in shares of United Bankshares in the third quarter worth about $25,000. Eurizon Capital SGR S.p.A. bought a new stake in United Bankshares during the 4th quarter valued at approximately $26,000. Bogart Wealth LLC boosted its position in United Bankshares by 655.4% during the 3rd quarter. Bogart Wealth LLC now owns 763 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 662 shares in the last quarter. Rothschild Investment LLC boosted its position in United Bankshares by 174.8% during the 3rd quarter. Rothschild Investment LLC now owns 838 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 533 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in United Bankshares by 196.2% during the 4th quarter. Farther Finance Advisors LLC now owns 856 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 567 shares in the last quarter. 70.80% of the stock is owned by institutional investors.

About United Bankshares

United Bankshares, Inc, headquartered in Charleston, West Virginia, is a bank holding company that provides a full range of financial services through its primary subsidiary, United Bank. The company’s core offerings include retail and commercial banking products such as checking and savings accounts, certificates of deposit, personal and business loans, mortgages, and treasury management services. In addition, United Bankshares delivers private banking, wealth management, trust and fiduciary solutions, and investment advisory services to meet the needs of individual, corporate, and institutional clients.

United Bankshares operates an extensive branch network across West Virginia, Virginia, Maryland, the District of Columbia, Ohio, Pennsylvania, and South Carolina.