Shares of United Bankshares, Inc. (NASDAQ:UBSI) have earned an average rating of “Hold” from the six analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $44.50.
Several research firms have weighed in on UBSI. Zacks Investment Research cut United Bankshares from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub cut United Bankshares from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Finally, Boenning Scattergood upgraded United Bankshares from an “underperform” rating to a “neutral” rating in a report on Thursday, May 18th.
Shares of United Bankshares (NASDAQ:UBSI) traded up 0.15% during mid-day trading on Friday, hitting $33.70. The stock had a trading volume of 829,470 shares. United Bankshares has a 1-year low of $31.71 and a 1-year high of $49.35. The firm has a market capitalization of $3.54 billion, a PE ratio of 18.03 and a beta of 1.05. The stock’s 50-day moving average is $35.24 and its 200-day moving average is $39.61.
United Bankshares (NASDAQ:UBSI) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.14. United Bankshares had a return on equity of 5.41% and a net margin of 20.97%. The business had revenue of $176.75 million during the quarter, compared to analysts’ expectations of $164.09 million. During the same quarter last year, the business posted $0.44 EPS. Equities analysts expect that United Bankshares will post $1.92 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.92%. United Bankshares’s dividend payout ratio is currently 69.47%.
In related news, insider William Mark Tatterson acquired 1,000 shares of United Bankshares stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average price of $32.30 per share, with a total value of $32,300.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael P. Fitzgerald sold 13,038 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $40.04, for a total value of $522,041.52. Following the transaction, the director now directly owns 12,738 shares of the company’s stock, valued at approximately $510,029.52. The disclosure for this sale can be found here. Insiders bought a total of 13,747 shares of company stock valued at $460,281 in the last three months. Corporate insiders own 6.23% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of UBSI. Teachers Advisors LLC raised its position in United Bankshares by 3.1% in the fourth quarter. Teachers Advisors LLC now owns 125,644 shares of the financial services provider’s stock worth $5,811,000 after buying an additional 3,807 shares during the period. Bank of Montreal Can raised its position in United Bankshares by 1.6% in the first quarter. Bank of Montreal Can now owns 26,921 shares of the financial services provider’s stock worth $1,138,000 after buying an additional 424 shares during the period. Capstone Asset Management Co. raised its position in United Bankshares by 4.5% in the first quarter. Capstone Asset Management Co. now owns 15,352 shares of the financial services provider’s stock worth $649,000 after buying an additional 660 shares during the period. Nisa Investment Advisors LLC raised its position in United Bankshares by 0.9% in the first quarter. Nisa Investment Advisors LLC now owns 48,600 shares of the financial services provider’s stock worth $2,053,000 after buying an additional 450 shares during the period. Finally, State of Alaska Department of Revenue raised its position in United Bankshares by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 8,980 shares of the financial services provider’s stock worth $379,000 after buying an additional 220 shares during the period. 62.25% of the stock is owned by institutional investors.
About United Bankshares
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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