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

Shares of United Bankshares, Inc. (NASDAQ:UBSI) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $45.75.

A number of analysts recently commented on the company. Stephens increased their price objective on United Bankshares from $40.00 to $44.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Keefe, Bruyette & Woods increased their price objective on United Bankshares from $40.00 to $43.00 and gave the company a “market perform” rating in a research note on Monday, January 26th. Piper Sandler reaffirmed an “overweight” rating and set a $47.00 price objective on shares of United Bankshares in a research note on Monday, January 26th. Zacks Research lowered United Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, Weiss Ratings raised United Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 13th.

Institutional Trading of United Bankshares

A number of large investors have recently made changes to their positions in UBSI. Caitong International Asset Management Co. Ltd acquired a new stake in shares of United Bankshares during the third quarter valued at $25,000. Eurizon Capital SGR S.p.A. acquired a new stake in United Bankshares in the 4th quarter worth about $26,000. Rothschild Investment LLC boosted its stake in United Bankshares by 174.8% in the 3rd quarter. Rothschild Investment LLC now owns 838 shares of the financial services provider’s stock worth $31,000 after buying an additional 533 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in United Bankshares by 196.2% in the 4th quarter. Farther Finance Advisors LLC now owns 856 shares of the financial services provider’s stock worth $33,000 after buying an additional 567 shares during the last quarter. Finally, Root Financial Partners LLC boosted its stake in United Bankshares by 64.4% in the 1st quarter. Root Financial Partners LLC now owns 786 shares of the financial services provider’s stock worth $33,000 after buying an additional 308 shares during the last quarter. Institutional investors and hedge funds own 70.80% of the company’s stock.

United Bankshares Trading Down 1.3%

Shares of UBSI stock opened at $41.77 on Friday. United Bankshares has a fifty-two week low of $34.10 and a fifty-two week high of $45.92. The stock has a market cap of $5.76 billion, a P/E ratio of 11.70 and a beta of 0.72. The business has a fifty day simple moving average of $42.02 and a 200-day simple moving average of $40.62. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.10.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.04. United Bankshares had a return on equity of 9.26% and a net margin of 27.45%.The business had revenue of $316.58 million during the quarter, compared to analysts’ expectations of $315.15 million. During the same quarter last year, the business posted $0.59 earnings per share. On average, analysts forecast that United Bankshares will post 3.64 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.6%. United Bankshares’s dividend payout ratio (DPR) is presently 42.58%.

About United Bankshares

United Bankshares, Inc, headquartered in Charleston, West Virginia, is a bank holding company that provides a full range of financial services through its primary subsidiary, United Bank. The company’s core offerings include retail and commercial banking products such as checking and savings accounts, certificates of deposit, personal and business loans, mortgages, and treasury management services. In addition, United Bankshares delivers private banking, wealth management, trust and fiduciary solutions, and investment advisory services to meet the needs of individual, corporate, and institutional clients.

United Bankshares operates an extensive branch network across West Virginia, Virginia, Maryland, the District of Columbia, Ohio, Pennsylvania, and South Carolina.