United Bankshares (NASDAQ:UBSI) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of United Bankshares (NASDAQ:UBSI – Get Rating) in a research report report published on Thursday. The firm issued a sell rating on the financial services provider’s stock.

Separately, Piper Sandler restated a neutral rating and set a $45.00 price target on shares of United Bankshares in a report on Monday, December 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned 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 $41.33.

United Bankshares Price Performance

Shares of United Bankshares stock opened at $35.79 on Thursday. The business’s fifty day moving average price is $39.90 and its 200 day moving average price is $39.67. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.49. United Bankshares has a twelve month low of $33.11 and a twelve month high of $44.15. The stock has a market capitalization of $4.82 billion, a P/E ratio of 12.74 and a beta of 1.05.

United Bankshares (NASDAQ:UBSI – Get Rating) last issued its earnings results on Thursday, January 26th. The financial services provider reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.04). The company had revenue of $338.62 million during the quarter, compared to analyst estimates of $275.77 million. United Bankshares had a net margin of 32.86% and a return on equity of 8.42%. During the same quarter in the previous year, the firm earned $0.56 earnings per share. As a group, research analysts anticipate that United Bankshares will post 2.95 earnings per share for the current year.

United Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Friday, March 10th will be issued a $0.36 dividend. The ex-dividend date is Thursday, March 9th. This represents a $1.44 annualized dividend and a yield of 4.02%. United Bankshares’s dividend payout ratio (DPR) is presently 51.25%.

Institutional Investors Weigh In On United Bankshares

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in United Bankshares by 2.7% in the 1st quarter. BlackRock Inc. now owns 18,874,678 shares of the financial services provider’s stock valued at $658,348,000 after buying an additional 495,652 shares during the last quarter. State Street Corp grew its position in shares of United Bankshares by 17.5% during the 2nd quarter. State Street Corp now owns 16,629,946 shares of the financial services provider’s stock worth $589,103,000 after purchasing an additional 2,473,671 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of United Bankshares by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 13,726,992 shares of the financial services provider’s stock worth $490,739,000 after acquiring an additional 127,760 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of United Bankshares by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,205,109 shares of the financial services provider’s stock worth $291,736,000 after acquiring an additional 245,229 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of United Bankshares by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 2,556,879 shares of the financial services provider’s stock worth $103,528,000 after acquiring an additional 97,025 shares during the period. 68.73% of the stock is currently owned by institutional investors and hedge funds.

About United Bankshares

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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 Banking segment consists of both commercial and consumer lending and provides customers with such products as commercial loans, real estate loans, business financing, and consumer loans.