United Bankshares, Inc. (NASDAQ: UBSI) Given the consensus recommendation to “hold” by analysts
United Bankshares, Inc. (NASDAQ: UBSI) has received a consensus rating of “Hold” from the six analysts who cover the company, reports MarketBeat.com. Four investment analysts gave the stock a conservation rating and one assigned a buy rating to the company. The average one-year target price among analysts who issued ratings on the stock in the past year is $ 34.17.
A number of research analysts have recently commented on UBSI stocks. Zacks Investment Research downgraded United Bankshares shares from a “buy” rating to a “keep” rating and set a price target of $ 41.00 for the stock. in a research report on Thursday, October 7. Raymond James reissued an “outperformance” rating and issued a target price of $ 34.67 (vs. $ 42.00) on United Bankshares shares in a research report on Monday, July 26. Finally, Boenning Scattergood reissued a “neutral” rating on United Bankshares shares in a research report on Wednesday, September 29.
UBSI shares opened at $ 36.25 on Friday. The company has a fifty-day moving average price of $ 35.31 and a 200-day moving average price of $ 37.09. The company has a market cap of $ 4.68 billion, a P / E ratio of 11.81 and a beta of 1.35. United Bankshares has a 12-month low of $ 23.63 and a 12-month high of $ 42.50. The company has a current ratio of 0.96, a quick ratio of 0.93, and a debt ratio of 0.19.
United Bankshares (NASDAQ: UBSI) last released its results on Thursday, July 22. The financial services provider reported $ 0.73 of EPS for the quarter, beating analyst consensus estimates of $ 0.71 by $ 0.02. United Bankshares had a net margin of 32.88% and a return on equity of 9.20%. The company posted revenue of $ 249.36 million for the quarter, compared to a consensus estimate of $ 264.95 million. On average, stock analysts predict United Bankshares will post 2.75 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 1. Shareholders of record on Friday September 10 received a dividend of $ 0.35. This represents a dividend of $ 1.40 on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend was Thursday, September 9. United Bankshares’ dividend payout ratio is 58.33%.
Several institutional investors have recently changed their positions in the title. Silvercrest Asset Management Group LLC increased its stake in United Bankshares by 102.9% during the 2nd quarter. Silvercrest Asset Management Group LLC now owns 3,274,777 shares of the financial services provider valued at $ 119,530,000 after acquiring an additional 1,660,650 shares in the last quarter. State Street Corp increased its stake in shares of United Bankshares by 6.1% in the 2nd quarter. State Street Corp now owns 11,429,620 shares of the financial services provider valued at $ 421,157,000 after purchasing an additional 656,694 shares in the last quarter. Vanguard Group Inc. increased its stake in United Bankshares shares by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 12,679,482 shares of the financial services provider valued at $ 462,801,000 after purchasing an additional 315,165 shares in the last quarter. Geode Capital Management LLC increased its stake in United Bankshares shares by 11.3% in the 1st quarter. Geode Capital Management LLC now owns 2,218,532 shares of the financial services provider valued at $ 85,590,000 after purchasing an additional 224,850 shares in the last quarter. Finally, Morgan Stanley increased its position in United Bankshares shares by 58.0% in the second quarter. Morgan Stanley now owns 564,429 shares of the financial services provider valued at $ 20,602,000 after acquiring an additional 207,136 shares during the period. Institutional investors and hedge funds hold 66.31% of the company’s shares.
About United Bankshares
United Bankshares, Inc is a banking holding company providing commercial and retail banking products and services. It operates in the following segments: Community Banking, Mortgage Banking and Other. The community segment includes both commercial and consumer loans and offers customers products such as commercial loans, home loans, business finance and consumer loans.
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