United Bankshares, Inc. (NASDAQ:UBSI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

United Bankshares, Inc. (NASDAQ:UBSI) has earned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $44.6667.

A number of analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Bankshares in a research report on Monday, December 29th. Piper Sandler reaffirmed an “overweight” rating and set a $47.00 price target on shares of United Bankshares in a research report on Monday, January 26th. Zacks Research upgraded United Bankshares from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Keefe, Bruyette & Woods upped their price target on shares of 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, Stephens raised their price objective on shares of United Bankshares from $40.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd.

United Bankshares Stock Performance

Shares of UBSI opened at $44.27 on Thursday. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 13.54 and a beta of 0.78. United Bankshares has a 52-week low of $30.50 and a 52-week high of $45.92. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average price of $40.73 and a 200 day moving average price of $38.21.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.05. The business had revenue of $430.85 million during the quarter, compared to the consensus estimate of $315.50 million. United Bankshares had a net margin of 25.51% and a return on equity of 8.60%. During the same quarter in the previous year, the firm earned $0.69 EPS. Research analysts predict that United Bankshares will post 2.81 EPS for the current fiscal year.

United Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.52 annualized dividend and a yield of 3.4%. This is a boost from United Bankshares’s previous quarterly dividend of $0.37. United Bankshares’s dividend payout ratio (DPR) is currently 46.48%.

Institutional Investors Weigh In On United Bankshares

Several large investors have recently modified their holdings of the stock. Brighton Jones LLC boosted its position in shares of United Bankshares by 4.6% during the 4th quarter. Brighton Jones LLC now owns 16,873 shares of the financial services provider’s stock worth $634,000 after purchasing an additional 748 shares in the last quarter. Royal Bank of Canada grew its position in United Bankshares by 2.0% during the first quarter. Royal Bank of Canada now owns 66,649 shares of the financial services provider’s stock worth $2,310,000 after buying an additional 1,298 shares during the period. Millennium Management LLC increased its holdings in United Bankshares by 464.1% in the first quarter. Millennium Management LLC now owns 137,336 shares of the financial services provider’s stock valued at $4,761,000 after buying an additional 112,988 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of United Bankshares by 7.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 409,428 shares of the financial services provider’s stock valued at $14,195,000 after acquiring an additional 28,366 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of United Bankshares by 564.0% during the 1st quarter. Jane Street Group LLC now owns 182,540 shares of the financial services provider’s stock worth $6,329,000 after acquiring an additional 155,051 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.