United Bankshares, Inc. (NASDAQ:UBSI) Receives Consensus Rating of “Hold” from Brokerages

United Bankshares, Inc. (NASDAQ:UBSI) has received an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $31.89.

Several research firms have recently weighed in on UBSI. Zacks Investment Research cut shares of United Bankshares from a “buy” rating to a “hold” rating in a report on Thursday, June 17th. Raymond James reiterated an “outperform” rating and issued a $34.67 price target (down from $42.00) on shares of United Bankshares in a research report on Monday, July 26th.

UBSI opened at $32.14 on Wednesday. The company has a 50 day moving average of $34.90 and a 200 day moving average of $37.54. The company has a market cap of $4.15 billion, a PE ratio of 10.47 and a beta of 1.35. United Bankshares has a 12 month low of $20.57 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-to-equity ratio of 0.19.

United Bankshares (NASDAQ:UBSI) last issued its earnings results on Thursday, July 22nd. The financial services provider reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.02. The company had revenue of $249.36 million for the quarter, compared to analysts’ expectations of $264.95 million. United Bankshares had a net margin of 32.88% and a return on equity of 9.20%. Research analysts forecast that United Bankshares will post 2.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 1st. Stockholders of record on Friday, September 10th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend is Thursday, September 9th. United Bankshares’s dividend payout ratio is currently 58.33%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC increased its holdings in shares of United Bankshares by 213.3% during the 1st quarter. FMR LLC now owns 5,382 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 3,664 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in United Bankshares by 61.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 51,211 shares of the financial services provider’s stock worth $1,975,000 after purchasing an additional 19,552 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in United Bankshares by 7.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 74,750 shares of the financial services provider’s stock worth $2,884,000 after purchasing an additional 5,190 shares during the last quarter. Swiss National Bank boosted its stake in United Bankshares by 1.0% during the 1st quarter. Swiss National Bank now owns 296,463 shares of the financial services provider’s stock worth $11,438,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Sowell Financial Services LLC boosted its position in shares of United Bankshares by 1,953.7% during the 1st quarter. Sowell Financial Services LLC now owns 6,161 shares of the financial services provider’s stock valued at $250,000 after acquiring an additional 5,861 shares during the last quarter. 66.31% of the stock is owned by institutional investors.

About United Bankshares

United Bankshares, Inc is a bank holding company, which engages in the provision of commercial and retail banking services and products. It operates through the following segments: Community Banking, Mortgage Banking, and Other. The Community segments consists of both commercial and consumer lending and provides customers with such products as commercial loans, real estate loans, business financing and consumer loans.

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