United Bankshares (NASDAQ:UBSI) Downgraded by StockNews.com to “Sell”

United Bankshares (NASDAQ:UBSI) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

Other equities research analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods boosted their price objective on shares of United Bankshares from $38.00 to $40.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. DA Davidson upped their price objective on United Bankshares from $36.00 to $41.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Finally, Stephens lifted their target price on United Bankshares from $36.00 to $39.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $40.25.

United Bankshares Stock Down 1.4 %

NASDAQ:UBSI opened at $37.08 on Tuesday. United Bankshares has a 1 year low of $29.19 and a 1 year high of $39.93. The stock has a 50-day moving average price of $37.29 and a two-hundred day moving average price of $35.24. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 14.05 and a beta of 0.98. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.03. The business had revenue of $414.67 million during the quarter, compared to analyst estimates of $260.30 million. United Bankshares had a return on equity of 7.58% and a net margin of 22.05%. During the same period in the previous year, the firm earned $0.71 EPS. As a group, equities analysts expect that United Bankshares will post 2.7 earnings per share for the current year.

Institutional Trading of United Bankshares

Several institutional investors and hedge funds have recently bought and sold shares of UBSI. ProShare Advisors LLC increased its position in shares of United Bankshares by 110.4% during the 2nd quarter. ProShare Advisors LLC now owns 2,206,434 shares of the financial services provider’s stock worth $71,577,000 after purchasing an additional 1,157,579 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of United Bankshares by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 7,907,665 shares of the financial services provider’s stock valued at $256,521,000 after buying an additional 142,545 shares in the last quarter. Systematic Financial Management LP increased its holdings in United Bankshares by 73.8% during the second quarter. Systematic Financial Management LP now owns 279,039 shares of the financial services provider’s stock worth $9,052,000 after buying an additional 118,501 shares during the last quarter. Nicholson Wealth Management Group LLC bought a new stake in United Bankshares during the third quarter worth $2,849,000. Finally, Earnest Partners LLC raised its position in United Bankshares by 1.8% during the second quarter. Earnest Partners LLC now owns 4,253,797 shares of the financial services provider’s stock worth $137,993,000 after acquiring an additional 74,638 shares in the last quarter. Institutional investors own 70.80% of the company’s stock.

About United Bankshares

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.