United Bankshares, Inc. (NASDAQ:UBSI) Receives $45.75 Average PT from Brokerages

Shares of United Bankshares, Inc. (NASDAQ:UBSI) have received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $45.75.

UBSI has been the topic of a number of research analyst reports. Zacks Research lowered United Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Weiss Ratings raised United Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 13th. Piper Sandler reissued an “overweight” rating and issued a $47.00 target price on shares of United Bankshares in a research report on Monday, January 26th. Keefe, Bruyette & Woods boosted their target price on United Bankshares from $40.00 to $43.00 and gave the company a “market perform” rating in a research report on Monday, January 26th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $49.00 target price on shares of United Bankshares in a research report on Monday, April 27th.

United Bankshares Stock Up 0.4%

UBSI stock opened at $43.26 on Friday. The firm has a market cap of $5.96 billion, a PE ratio of 12.12 and a beta of 0.72. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s 50 day moving average price is $42.30 and its 200-day moving average price is $40.85. United Bankshares has a one year low of $34.10 and a one year high of $45.92.

United Bankshares (NASDAQ:UBSI) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. The company had revenue of $316.58 million for the quarter, compared to analyst estimates of $315.15 million. United Bankshares had a return on equity of 9.26% and a net margin of 27.45%.During the same quarter in the previous year, the company earned $0.59 earnings per share. On average, equities research analysts anticipate that United Bankshares will post 3.64 EPS for the current year.

United Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.52 dividend on an annualized basis and a yield of 3.5%. United Bankshares’s payout ratio is presently 42.58%.

Institutional Trading of United Bankshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in United Bankshares by 20.5% in the first quarter. Bank of America Corp DE now owns 1,631,894 shares of the financial services provider’s stock valued at $67,593,000 after purchasing an additional 277,836 shares during the period. Edgestream Partners L.P. acquired a new position in shares of United Bankshares in the first quarter worth $619,000. Arkadios Wealth Advisors grew its stake in shares of United Bankshares by 10.8% in the first quarter. Arkadios Wealth Advisors now owns 81,499 shares of the financial services provider’s stock worth $3,376,000 after acquiring an additional 7,940 shares in the last quarter. Amundi grew its stake in shares of United Bankshares by 204.8% in the first quarter. Amundi now owns 49,874 shares of the financial services provider’s stock worth $2,066,000 after acquiring an additional 33,511 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of United Bankshares by 16.9% in the first quarter. California State Teachers Retirement System now owns 155,643 shares of the financial services provider’s stock worth $6,447,000 after acquiring an additional 22,458 shares in the last quarter. Hedge funds and other institutional investors own 70.80% of the company’s stock.

United Bankshares Company Profile

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.