United Bankshares, Inc. (NASDAQ:UBSI) Receives Consensus Rating of “Moderate Buy” from Analysts

United Bankshares, Inc. (NASDAQ:UBSI) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $45.75.

Several analysts have recently weighed in on the company. Raymond James Financial reissued an “outperform” rating and set a $49.00 price objective on shares of United Bankshares in a report on Monday, April 27th. Zacks Research lowered United Bankshares from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Finally, Weiss Ratings raised United Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 13th.

Institutional Trading of United Bankshares

Institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd acquired a new stake in United Bankshares in the 3rd quarter valued at $25,000. Eurizon Capital SGR S.p.A. acquired a new stake in United Bankshares in the 4th quarter valued at $26,000. Root Financial Partners LLC boosted its stake in United Bankshares by 64.4% in the 1st quarter. Root Financial Partners LLC now owns 786 shares of the financial services provider’s stock valued at $33,000 after buying an additional 308 shares in the last quarter. Rothschild Investment LLC boosted its stake in United Bankshares by 174.8% in the 3rd quarter. Rothschild Investment LLC now owns 838 shares of the financial services provider’s stock valued at $31,000 after buying an additional 533 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in United Bankshares by 196.2% in the 4th quarter. Farther Finance Advisors LLC now owns 856 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 567 shares during the last quarter. Institutional investors and hedge funds own 70.80% of the company’s stock.

United Bankshares Price Performance

Shares of NASDAQ:UBSI opened at $44.33 on Wednesday. United Bankshares has a 1-year low of $34.10 and a 1-year high of $45.92. The firm has a market capitalization of $6.11 billion, a PE ratio of 12.42 and a beta of 0.71. The business’s 50 day moving average is $43.16 and its 200-day moving average is $41.50. The company has a current ratio of 0.98, 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, April 23rd. The financial services provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.04. United Bankshares had a return on equity of 9.26% and a net margin of 27.45%.The company had revenue of $316.58 million for the quarter, compared to analyst estimates of $315.15 million. During the same quarter last year, the firm earned $0.59 EPS. Sell-side analysts predict that United Bankshares will post 3.64 earnings per share for the current year.

United Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.52 annualized dividend and a yield of 3.4%. United Bankshares’s payout ratio is currently 42.58%.

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.