United Bankshares (NASDAQ:UBSI) Sees Unusually-High Trading Volume

United Bankshares, Inc. (NASDAQ:UBSI) shares saw unusually-high trading volume on Friday . Approximately 322,349 shares changed hands during mid-day trading, a decline of 38% from the previous session’s volume of 522,590 shares.The stock last traded at $38.33 and had previously closed at $38.49.

Wall Street Analysts Forecast Growth

UBSI has been the topic of a number of analyst reports. StockNews.com raised shares of United Bankshares from a “sell” rating to a “hold” rating in a research note on Wednesday. DA Davidson lifted their target price on shares of United Bankshares from $36.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Stephens lifted their target price 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. Finally, Keefe, Bruyette & Woods lifted their target price on shares of United Bankshares from $38.00 to $40.00 and gave the stock a “market perform” 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $40.25.

United Bankshares Trading Down 1.1 %

The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 14.69 and a beta of 0.99. The business’s 50-day simple moving average is $37.12 and its two-hundred day simple moving average is $34.60. 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 (NASDAQ:UBSI) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. The business had revenue of $255.94 million during the quarter, compared to analysts’ expectations 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 for the quarter was down 2.6% on a year-over-year basis. During the same period last year, the business earned $0.68 earnings per share. Equities analysts forecast that United Bankshares, Inc. will post 2.7 earnings per share for the current year.

United Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Friday, September 13th. United Bankshares’s dividend payout ratio (DPR) is presently 56.49%.

Institutional Trading of United Bankshares

Institutional investors and hedge funds have recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. raised its position in United Bankshares by 14.8% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,311,291 shares of the financial services provider’s stock valued at $46,931,000 after purchasing an additional 169,200 shares during the last quarter. UBS Group AG raised its position in United Bankshares by 77.5% during the 4th quarter. UBS Group AG now owns 316,889 shares of the financial services provider’s stock worth $11,899,000 after buying an additional 138,317 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of United Bankshares by 218.2% during the 2nd quarter. SG Americas Securities LLC now owns 29,676 shares of the financial services provider’s stock worth $963,000 after purchasing an additional 20,350 shares during the period. BNP Paribas Financial Markets grew its stake in shares of United Bankshares by 77.8% during the 1st quarter. BNP Paribas Financial Markets now owns 69,932 shares of the financial services provider’s stock worth $2,503,000 after purchasing an additional 30,590 shares during the period. Finally, Ontario Teachers Pension Plan Board acquired a new position in shares of United Bankshares during the 1st quarter worth $901,000. Hedge funds and other institutional investors 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.