United Bankshares (NASDAQ:UBSI) PT Raised to $41.00

United Bankshares (NASDAQ:UBSI) had its target price increased by stock analysts at DA Davidson from $36.00 to $41.00 in a report issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. DA Davidson’s price objective indicates a potential upside of 5.59% from the stock’s current price.

Other analysts also recently issued reports about the company. Stephens dropped their price objective on United Bankshares from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Keefe, Bruyette & Woods raised their price objective on United Bankshares from $38.00 to $40.00 and gave the stock a “market perform” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $38.20.

United Bankshares Trading Up 1.3 %

NASDAQ UBSI traded up $0.50 during mid-day trading on Friday, reaching $38.83. 191,644 shares of the stock were exchanged, compared to its average volume of 524,632. The stock has a market capitalization of $5.25 billion, a PE ratio of 14.90 and a beta of 1.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 0.99. United Bankshares has a 1-year low of $25.35 and a 1-year high of $39.86. The business’s fifty day simple moving average is $33.09 and its 200 day simple moving average is $34.17.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. United Bankshares had a return on equity of 7.72% and a net margin of 22.51%. The business had revenue of $255.94 million during the quarter, compared to the consensus estimate of $255.54 million. During the same quarter in the previous year, the business earned $0.68 earnings per share. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, research analysts anticipate that United Bankshares will post 2.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On United Bankshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Linden Thomas Advisory Services LLC raised its stake in shares of United Bankshares by 1.5% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 21,419 shares of the financial services provider’s stock valued at $804,000 after purchasing an additional 310 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of United Bankshares by 5.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,587 shares of the financial services provider’s stock worth $214,000 after buying an additional 350 shares during the period. Retirement Systems of Alabama increased its holdings in shares of United Bankshares by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 168,997 shares of the financial services provider’s stock valued at $6,346,000 after purchasing an additional 517 shares during the period. State of Michigan Retirement System lifted its stake in shares of United Bankshares by 1.9% in the 1st quarter. State of Michigan Retirement System now owns 33,013 shares of the financial services provider’s stock worth $1,182,000 after acquiring an additional 600 shares during the period. Finally, Anchor Capital Advisors LLC boosted its holdings in shares of United Bankshares by 1.3% in the first quarter. Anchor Capital Advisors LLC now owns 51,205 shares of the financial services provider’s stock valued at $1,833,000 after acquiring an additional 645 shares in the last quarter. 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.