United Bankshares (UBSI) Lifted to Hold at ValuEngine

ValuEngine upgraded shares of United Bankshares (NASDAQ:UBSI) from a sell rating to a hold rating in a report released on Friday.

Several other equities analysts have also recently commented on UBSI. Zacks Investment Research raised shares of United Bankshares from a hold rating to a buy rating and set a $42.00 price objective for the company in a research note on Tuesday, July 31st. BidaskClub raised shares of United Bankshares from a hold rating to a buy rating in a research note on Saturday, August 4th. Finally, Boenning Scattergood reaffirmed a hold rating on shares of United Bankshares in a research note on Friday, October 26th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company has an average rating of Hold and an average price target of $39.33.

Shares of NASDAQ:UBSI opened at $35.46 on Friday. The company has a market cap of $3.66 billion, a P/E ratio of 18.66, a PEG ratio of 1.80 and a beta of 1.11. United Bankshares has a 12 month low of $31.01 and a 12 month high of $39.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.01.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.62 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.01). The firm had revenue of $180.46 million for the quarter, compared to analysts’ expectations of $189.56 million. United Bankshares had a net margin of 25.09% and a return on equity of 7.64%. As a group, equities research analysts anticipate that United Bankshares will post 2.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 14th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.84%. United Bankshares’s dividend payout ratio is currently 71.58%.

In related news, Director Peter A. Converse sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $39.50, for a total transaction of $98,750.00. Following the completion of the transaction, the director now owns 471,810 shares of the company’s stock, valued at $18,636,495. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 5.15% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in UBSI. BlackRock Inc. grew its stake in United Bankshares by 3.3% in the 2nd quarter. BlackRock Inc. now owns 14,062,668 shares of the financial services provider’s stock worth $511,882,000 after buying an additional 448,147 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in United Bankshares by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,116,599 shares of the financial services provider’s stock worth $149,846,000 after buying an additional 304,259 shares in the last quarter. WBI Investments Inc. purchased a new position in United Bankshares in the 2nd quarter worth approximately $9,863,000. Cambiar Investors LLC purchased a new position in United Bankshares in the 2nd quarter worth approximately $5,072,000. Finally, Heartland Advisors Inc. grew its stake in United Bankshares by 17.3% in the 2nd quarter. Heartland Advisors Inc. now owns 692,791 shares of the financial services provider’s stock worth $25,218,000 after buying an additional 102,264 shares in the last quarter. 72.06% of the stock is owned by institutional investors and hedge funds.

United Bankshares 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.

See Also: How mutual funds make money

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for United Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply