United Bankshares (NASDAQ:UBSI) Raised to “Hold” at StockNews.com

United Bankshares (NASDAQ:UBSI) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.

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

United Bankshares Price Performance

UBSI opened at $37.53 on Wednesday. The business has a fifty day moving average of $36.83 and a 200 day moving average of $34.53. The stock has a market cap of $5.07 billion, a P/E ratio of 14.32 and a beta of 0.99. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.31. United Bankshares has a 52-week low of $25.35 and a 52-week high of $39.93.

United Bankshares (NASDAQ:UBSI) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. The firm had revenue of $255.94 million during the quarter, compared to analyst estimates of $255.54 million. United Bankshares had a net margin of 22.44% and a return on equity of 7.72%. The business’s revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 earnings per share. As a group, sell-side analysts anticipate that United Bankshares will post 2.7 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of United Bankshares by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 14,202,951 shares of the financial services provider’s stock valued at $533,321,000 after purchasing an additional 71,359 shares during the period. Dimensional Fund Advisors LP increased its holdings in United Bankshares by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,907,665 shares of the financial services provider’s stock worth $256,521,000 after buying an additional 142,545 shares during the period. Earnest Partners LLC lifted its stake in United Bankshares by 1.8% during the 2nd quarter. Earnest Partners LLC now owns 4,253,797 shares of the financial services provider’s stock valued at $137,993,000 after acquiring an additional 74,638 shares during the period. Victory Capital Management Inc. increased its stake in shares of United Bankshares by 1.4% in the second quarter. Victory Capital Management Inc. now owns 3,982,478 shares of the financial services provider’s stock worth $129,192,000 after acquiring an additional 55,633 shares during the period. Finally, ProShare Advisors LLC raised its holdings in shares of United Bankshares by 110.4% during the second 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. 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.