United Bankshares (NASDAQ:UBSI) Price Target Lowered to $45.00 at Keefe, Bruyette & Woods

United Bankshares (NASDAQ:UBSI) had its price objective cut by Keefe, Bruyette & Woods from $46.00 to $45.00 in a research note released on Monday morning,Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Other equities research analysts also recently issued reports about the stock. Stephens restated an “equal weight” rating and issued a $43.00 target price on shares of United Bankshares in a report on Monday. StockNews.com raised United Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th.

United Bankshares Stock Performance

Shares of UBSI opened at $38.90 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average of $39.44 and a two-hundred day moving average of $38.25. United Bankshares has a 12-month low of $30.68 and a 12-month high of $44.43. The stock has a market cap of $5.26 billion, a P/E ratio of 14.73 and a beta of 1.03.

United Bankshares (NASDAQ:UBSI) last released its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. United Bankshares had a net margin of 22.05% and a return on equity of 7.58%. During the same quarter in the previous year, the company posted $0.59 EPS. As a group, research analysts predict that United Bankshares will post 2.73 EPS for the current fiscal year.

United Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend was Friday, December 13th. United Bankshares’s dividend payout ratio (DPR) is currently 56.06%.

Insider Transactions at United Bankshares

In other United Bankshares news, Director Mark R. Nesselroad sold 6,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $39.16, for a total transaction of $234,960.00. Following the completion of the sale, the director now owns 35,424 shares in the company, valued at $1,387,203.84. The trade was a 14.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director J Paul Mcnamara sold 2,500 shares of United Bankshares stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.86, for a total transaction of $107,150.00. Following the completion of the transaction, the director now directly owns 63,409 shares of the company’s stock, valued at $2,717,709.74. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,500 shares of company stock valued at $542,110. Insiders own 3.66% of the company’s stock.

Institutional Investors Weigh In On United Bankshares

A number of hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC increased its holdings in shares of United Bankshares by 27.2% in the 3rd quarter. Jane Street Group LLC now owns 161,489 shares of the financial services provider’s stock worth $5,991,000 after acquiring an additional 34,526 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of United Bankshares by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,673,056 shares of the financial services provider’s stock valued at $62,070,000 after buying an additional 83,503 shares during the last quarter. BNP Paribas Financial Markets raised its stake in United Bankshares by 73.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 50,953 shares of the financial services provider’s stock valued at $1,890,000 after acquiring an additional 21,520 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of United Bankshares by 3.6% during the third quarter. Daiwa Securities Group Inc. now owns 12,328 shares of the financial services provider’s stock valued at $457,000 after purchasing an additional 427 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in United Bankshares by 9.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 594,819 shares of the financial services provider’s stock valued at $22,068,000 after buying an additional 52,949 shares during the period. 70.80% of the stock is currently owned by institutional investors.

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.