United Bankshares (NASDAQ:UBSI) Upgraded at StockNews.com

StockNews.com upgraded shares of United Bankshares (NASDAQ:UBSI) from a sell rating to a hold rating in a research note published on Wednesday.

A number of other analysts have also recently commented on the company. Stephens lifted their price objective on United Bankshares from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. DA Davidson lifted their price target on shares of United Bankshares from $36.00 to $41.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Finally, Keefe, Bruyette & Woods upped 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 note on Friday, July 26th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $40.25.

United Bankshares Stock Down 0.2 %

Shares of NASDAQ UBSI opened at $42.22 on Wednesday. The firm’s 50-day moving average is $37.92 and its two-hundred day moving average is $35.76. The company has a market capitalization of $5.71 billion, a PE ratio of 15.99 and a beta of 0.98. United Bankshares has a 12-month low of $30.68 and a 12-month high of $43.77. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97.

United Bankshares (NASDAQ:UBSI) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The firm had revenue of $414.67 million for 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 quarter in the prior year, the company earned $0.71 EPS. Equities analysts anticipate that United Bankshares will post 2.73 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Friday, December 13th. United Bankshares’s dividend payout ratio is currently 56.06%.

Insider Transactions at United Bankshares

In other news, Director Peter A. Converse sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $40.00, for a total transaction of $200,000.00. Following the completion of the sale, the director now directly owns 434,769 shares of the company’s stock, valued at $17,390,760. The trade was a 1.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.66% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in United Bankshares by 237.6% during the third quarter. UMB Bank n.a. now owns 844 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 594 shares during the last quarter. GAMMA Investing LLC lifted its position in United Bankshares by 253.5% during the second quarter. GAMMA Investing LLC now owns 1,545 shares of the financial services provider’s stock valued at $50,000 after buying an additional 1,108 shares in the last quarter. New Covenant Trust Company N.A. purchased a new stake in United Bankshares during the first quarter worth approximately $79,000. Innealta Capital LLC acquired a new stake in shares of United Bankshares in the second quarter worth $116,000. Finally, Marathon Strategic Advisors LLC acquired a new stake in shares of United Bankshares in the third quarter worth $206,000. Institutional investors and hedge funds own 70.80% of the company’s stock.

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.