BidaskClub upgraded shares of United Bankshares (NASDAQ:UBSI) from a hold rating to a buy rating in a research note published on Thursday, May 31st.
A number of other analysts have also recently weighed in on the stock. TheStreet raised shares of United Bankshares from a c+ rating to a b- rating in a research note on Wednesday, February 21st. Zacks Investment Research cut shares of United Bankshares from a buy rating to a hold rating in a research note on Wednesday, February 21st. DA Davidson cut their price target on shares of United Bankshares from $40.00 to $38.00 and set a hold rating on the stock in a report on Friday, April 27th. Finally, ValuEngine lowered shares of United Bankshares from a hold rating to a sell rating in a report on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The stock currently has a consensus rating of Hold and an average target price of $39.33.
United Bankshares traded up $0.05, reaching $36.75, during mid-day trading on Thursday, MarketBeat.com reports. The stock had a trading volume of 511,000 shares, compared to its average volume of 601,240. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 1.87 and a beta of 1.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.02 and a quick ratio of 1.00. United Bankshares has a 12 month low of $31.70 and a 12 month high of $40.95.
United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Thursday, April 26th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.59. The business had revenue of $176.74 million for the quarter, compared to analysts’ expectations of $180.16 million. United Bankshares had a net margin of 21.34% and a return on equity of 6.50%. The firm’s quarterly revenue was up 36.7% compared to the same quarter last year. During the same period last year, the firm posted $0.48 earnings per share. analysts anticipate that United Bankshares will post 2.46 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 8th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.70%. United Bankshares’s dividend payout ratio (DPR) is presently 71.58%.
Several large investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its holdings in United Bankshares by 6.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 601,083 shares of the financial services provider’s stock valued at $20,888,000 after buying an additional 36,496 shares during the period. SG Americas Securities LLC acquired a new position in United Bankshares in the fourth quarter valued at $883,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in United Bankshares by 42.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,765 shares of the financial services provider’s stock valued at $200,000 after buying an additional 1,712 shares during the period. Comerica Bank lifted its holdings in United Bankshares by 4.0% in the fourth quarter. Comerica Bank now owns 91,774 shares of the financial services provider’s stock valued at $3,304,000 after buying an additional 3,511 shares during the period. Finally, Heartland Advisors Inc. lifted its holdings in United Bankshares by 73.0% in the fourth quarter. Heartland Advisors Inc. now owns 564,286 shares of the financial services provider’s stock valued at $19,609,000 after buying an additional 238,101 shares during the period. Institutional investors own 70.15% of the company’s stock.
About United Bankshares
United Bankshares, Inc, a financial holding company, 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.
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