United Bankshares (NASDAQ:UBSI) Given Market Perform Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their market perform rating on shares of United Bankshares (NASDAQ:UBSI) in a research report report published on Monday, Benzinga reports. Keefe, Bruyette & Woods currently has a $38.00 price objective on the financial services provider’s stock.

Separately, Stephens decreased their target price on United Bankshares from $36.00 to $34.00 and set an equal weight rating on the stock in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, United Bankshares has a consensus rating of Hold and an average price target of $37.00.

United Bankshares Stock Performance

Shares of UBSI stock opened at $31.45 on Monday. The company has a fifty day moving average price of $33.11 and a two-hundred day moving average price of $34.75. United Bankshares has a one year low of $25.35 and a one year high of $38.74. The stock has a market cap of $4.25 billion, a P/E ratio of 12.00 and a beta of 0.99. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.99 and a quick ratio of 0.99.

United Bankshares (NASDAQ:UBSI) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). The firm had revenue of $401.39 million during the quarter, compared to analyst estimates of $256.80 million. United Bankshares had a net margin of 22.51% and a return on equity of 7.72%. During the same quarter last year, the business posted $0.74 earnings per share. As a group, equities analysts predict that United Bankshares will post 2.62 EPS for the current year.

United Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Friday, June 14th. United Bankshares’s dividend payout ratio is presently 56.49%.

Institutional Trading of United Bankshares

Institutional investors have recently added to or reduced their stakes in the company. UBS Group AG boosted its position in shares of United Bankshares by 77.5% in the fourth quarter. UBS Group AG now owns 316,889 shares of the financial services provider’s stock valued at $11,899,000 after acquiring an additional 138,317 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in United Bankshares by 58.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 91,471 shares of the financial services provider’s stock valued at $3,435,000 after purchasing an additional 33,812 shares during the period. Victory Capital Management Inc. boosted its holdings in United Bankshares by 2,745.7% in the 4th quarter. Victory Capital Management Inc. now owns 2,835,545 shares of the financial services provider’s stock valued at $106,475,000 after purchasing an additional 2,735,901 shares during the period. Verity Asset Management Inc. grew its position in shares of United Bankshares by 18.2% during the 3rd quarter. Verity Asset Management Inc. now owns 22,816 shares of the financial services provider’s stock worth $629,000 after purchasing an additional 3,506 shares in the last quarter. Finally, Anchor Capital Advisors LLC increased its holdings in shares of United Bankshares by 99.0% during the fourth quarter. Anchor Capital Advisors LLC now owns 50,560 shares of the financial services provider’s stock worth $1,899,000 after purchasing an additional 25,155 shares during the period. 70.80% of the stock is currently owned by institutional investors.

United Bankshares Company Profile

United Bankshares, Inc, through its subsidiaries, 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.