United Bankshares, Inc. (NASDAQ:UBSI) has been given an average recommendation of “Hold” by the six research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $41.00.
Several research analysts have issued reports on the stock. Zacks Investment Research lowered shares of United Bankshares from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. BidaskClub upgraded shares of United Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Sandler O’Neill set a $38.00 price target on shares of United Bankshares and gave the stock a “hold” rating in a report on Thursday, January 4th. Finally, TheStreet upgraded shares of United Bankshares from a “c+” rating to a “b-” rating in a report on Wednesday, February 21st.
In other news, Director Peter A. Converse sold 22,500 shares of United Bankshares stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $37.74, for a total value of $849,150.00. Following the completion of the sale, the director now owns 491,810 shares in the company, valued at approximately $18,560,909.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter A. Converse sold 69,020 shares of United Bankshares stock in a transaction on Friday, February 16th. The shares were sold at an average price of $37.03, for a total transaction of $2,555,810.60. The disclosure for this sale can be found here. Insiders sold a total of 118,520 shares of company stock valued at $4,405,311 in the last quarter. 6.23% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in UBSI. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in United Bankshares by 42.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,765 shares of the financial services provider’s stock worth $200,000 after acquiring an additional 1,712 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in shares of United Bankshares during the third quarter worth about $216,000. Engineers Gate Manager LP purchased a new position in shares of United Bankshares during the third quarter worth about $241,000. Tyers Asset Management LLC grew its holdings in shares of United Bankshares by 32.8% during the fourth quarter. Tyers Asset Management LLC now owns 7,248 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 1,792 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of United Bankshares during the fourth quarter worth about $264,000. Institutional investors own 69.81% of the company’s stock.
Shares of United Bankshares (NASDAQ UBSI) traded up $0.40 during midday trading on Wednesday, reaching $37.60. 2,252,199 shares of the company were exchanged, compared to its average volume of 624,169. The company has a market cap of $3,907.55, a price-to-earnings ratio of 24.10, a PEG ratio of 1.87 and a beta of 1.05. United Bankshares has a 1-year low of $31.70 and a 1-year high of $44.58. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47.
United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. United Bankshares had a net margin of 19.93% and a return on equity of 6.28%. The business had revenue of $187.62 million during the quarter, compared to analyst estimates of $182.94 million. During the same quarter last year, the business earned $0.51 EPS. analysts predict that United Bankshares will post 2.49 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.36 annualized dividend and a dividend yield of 3.62%. United Bankshares’s dividend payout ratio is currently 87.18%.
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United Bankshares Company Profile
United Bankshares, Inc (United) is a bank holding company. The Company operates through community banking segment. United’s Banking Subsidiaries offer a range of commercial and retail banking services and products. United, through its subsidiaries, engages in community banking and offers banking products and services permitted by law and regulation.
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