United Bankshares (NASDAQ:UBSI) Shares Cross Above 200 Day Moving Average – Time to Sell?

Shares of United Bankshares, Inc. (NASDAQ:UBSI) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $42.80 and traded as high as $47.11. United Bankshares shares last traded at $46.69, with a volume of 1,014,420 shares changing hands.

Analyst Ratings Changes

UBSI has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of United Bankshares from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of United Bankshares in a report on Monday, July 6th. Hovde Group began coverage on United Bankshares in a research report on Wednesday, June 24th. They set a “market perform” rating and a $49.00 price target on the stock. Zacks Research lowered United Bankshares from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Finally, Raymond James Financial raised their price objective on United Bankshares from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, United Bankshares presently has a consensus rating of “Hold” and an average target price of $46.60.

United Bankshares Trading Down 1.3%

The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 13.32 and a beta of 0.71. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.98. The company’s fifty day moving average price is $44.51 and its 200-day moving average price is $42.87.

United Bankshares (NASDAQ:UBSI) last released its earnings results 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 net margin of 27.45% and a return on equity of 9.26%. The company had revenue of $316.58 million for the quarter, compared to the consensus estimate of $315.15 million. During the same quarter in the previous year, the firm earned $0.59 EPS. On average, research analysts expect that United Bankshares, Inc. will post 3.64 EPS for the current fiscal year.

United Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.2%. United Bankshares’s payout ratio is 42.58%.

Hedge Funds Weigh In On United Bankshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ritholtz Wealth Management lifted its position in United Bankshares by 2.6% during the 4th quarter. Ritholtz Wealth Management now owns 9,216 shares of the financial services provider’s stock worth $354,000 after acquiring an additional 237 shares during the period. Inspire Investing LLC raised its stake in shares of United Bankshares by 2.0% in the first quarter. Inspire Investing LLC now owns 12,389 shares of the financial services provider’s stock worth $513,000 after purchasing an additional 245 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of United Bankshares by 24.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,492 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 292 shares during the last quarter. Kestra Private Wealth Services LLC lifted its holdings in shares of United Bankshares by 1.1% during the fourth quarter. Kestra Private Wealth Services LLC now owns 27,609 shares of the financial services provider’s stock worth $1,060,000 after purchasing an additional 297 shares during the period. Finally, Root Financial Partners LLC lifted its holdings in shares of United Bankshares by 64.4% during the first quarter. Root Financial Partners LLC now owns 786 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 308 shares during the period. Hedge funds and other institutional investors own 70.80% of the company’s stock.

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.