United Bank (UBSI) Raised to Hold at BidaskClub

United Bank (NASDAQ:UBSI) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other brokerages have also recently commented on UBSI. Zacks Investment Research cut United Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. TheStreet upgraded United Bank from a “c+” rating to a “b-” rating in a research report on Wednesday, February 21st. DA Davidson dropped their price target on United Bank from $40.00 to $38.00 and set a “hold” rating for the company in a research report on Friday, April 27th. Finally, ValuEngine cut United Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $39.33.

Shares of UBSI opened at $35.90 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.02 and a quick ratio of 1.00. United Bank has a one year low of $31.70 and a one year high of $41.45. The company has a market cap of $3.78 billion, a P/E ratio of 18.89, a PEG ratio of 1.83 and a beta of 1.04.

United Bank (NASDAQ:UBSI) last issued its quarterly earnings results on Thursday, April 26th. The financial services provider reported $0.59 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.59. United Bank had a return on equity of 6.50% and a net margin of 21.34%. The firm had revenue of $176.74 million during the quarter, compared to analysts’ expectations of $180.16 million. During the same period in the previous year, the business earned $0.48 earnings per share. The firm’s revenue for the quarter was up 36.7% on a year-over-year basis. equities analysts predict that United Bank will post 2.46 EPS for the current year.

In other United Bank news, Director Peter A. Converse sold 22,500 shares of the company’s stock in a transaction on Wednesday, March 7th. The stock was 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 directly owns 491,810 shares in the company, valued at approximately $18,560,909.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 5.15% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. OppenheimerFunds Inc. grew its holdings in United Bank by 23.1% in the 4th quarter. OppenheimerFunds Inc. now owns 8,206 shares of the financial services provider’s stock valued at $285,000 after buying an additional 1,542 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in United Bank by 42.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,765 shares of the financial services provider’s stock valued at $200,000 after buying an additional 1,712 shares in the last quarter. Teachers Advisors LLC grew its holdings in United Bank by 0.9% in the 4th quarter. Teachers Advisors LLC now owns 194,638 shares of the financial services provider’s stock valued at $6,764,000 after buying an additional 1,726 shares in the last quarter. Tyers Asset Management LLC grew its holdings in United Bank by 32.8% in the 4th quarter. Tyers Asset Management LLC now owns 7,248 shares of the financial services provider’s stock valued at $252,000 after buying an additional 1,792 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in United Bank by 5.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 40,600 shares of the financial services provider’s stock valued at $1,411,000 after buying an additional 2,100 shares in the last quarter. Institutional investors own 69.52% of the company’s stock.

United Bank Company Profile

United Bankshares, Inc, a financial holding company, primarily provides commercial and retail banking products and services in the United States. It operates through two segments, Community Banking and Mortgage Banking. The company accepts checking, savings, and time and money market accounts; individual retirement accounts; and demand deposits, statement and special savings, and NOW accounts.

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