Shares of United Bankshares, Inc. (NASDAQ:UBSI) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $38.00.
A number of equities analysts have recently weighed in on UBSI shares. BidaskClub lowered United Bankshares from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 4th. ValuEngine downgraded United Bankshares from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Boenning Scattergood reissued a “hold” rating on shares of United Bankshares in a research report on Friday, October 26th. Finally, Zacks Investment Research raised United Bankshares from a “sell” rating to a “hold” rating in a research report on Thursday, November 22nd.
Shares of NASDAQ UBSI opened at $33.92 on Friday. The company has a market cap of $3.52 billion, a PE ratio of 17.85, a PEG ratio of 1.74 and a beta of 1.10. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.01 and a current ratio of 1.02. United Bankshares has a 1-year low of $31.01 and a 1-year high of $39.95.
United Bankshares (NASDAQ:UBSI) last announced its earnings results on Thursday, October 25th. The financial services provider reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.01). The firm had revenue of $180.46 million for the quarter, compared to the consensus estimate of $189.56 million. United Bankshares had a return on equity of 7.64% and a net margin of 25.09%. Equities research analysts predict that United Bankshares will post 2.45 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 14th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend is Thursday, December 13th. United Bankshares’s dividend payout ratio is currently 71.58%.
A number of large investors have recently modified their holdings of UBSI. Captrust Financial Advisors grew its position in United Bankshares by 985.1% during the third quarter. Captrust Financial Advisors now owns 3,559 shares of the financial services provider’s stock worth $131,000 after buying an additional 3,231 shares in the last quarter. IFP Advisors Inc grew its position in United Bankshares by 103.3% during the third quarter. IFP Advisors Inc now owns 3,675 shares of the financial services provider’s stock worth $134,000 after buying an additional 1,867 shares in the last quarter. Tower Research Capital LLC TRC grew its position in United Bankshares by 923.4% during the third quarter. Tower Research Capital LLC TRC now owns 5,762 shares of the financial services provider’s stock worth $209,000 after buying an additional 5,199 shares in the last quarter. MML Investors Services LLC acquired a new stake in United Bankshares during the third quarter worth approximately $218,000. Finally, Ridgewood Investments LLC acquired a new stake in United Bankshares during the second quarter worth approximately $224,000. 70.92% of the stock is currently 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.
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