Brokerages Set United Bankshares, Inc. (NASDAQ:UBSI) Price Target at $45.75

United Bankshares, Inc. (NASDAQ:UBSI) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $45.75.

Several research analysts have recently weighed in on UBSI shares. Raymond James Financial reiterated an “outperform” rating and set a $49.00 price objective on shares of United Bankshares in a research note on Monday, April 27th. Zacks Research cut shares of United Bankshares from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Finally, Wall Street Zen cut shares of United Bankshares from a “hold” rating to a “sell” rating in a report on Saturday.

United Bankshares Stock Performance

NASDAQ UBSI opened at $45.65 on Wednesday. The firm has a market cap of $6.29 billion, a PE ratio of 12.79 and a beta of 0.71. United Bankshares has a one year low of $34.10 and a one year high of $45.92. The firm’s fifty day moving average is $43.39 and its two-hundred day moving average is $41.68. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.98 and a current ratio of 0.98.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.04. United Bankshares had a net margin of 27.45% and a return on equity of 9.26%. The company had revenue of $316.58 million for the quarter, compared to the consensus estimate of $315.15 million. During the same quarter in the prior year, the firm earned $0.59 earnings per share. Analysts expect that United Bankshares will post 3.64 earnings per share for the current year.

United Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, June 12th. United Bankshares’s dividend payout ratio is 42.58%.

Institutional Investors Weigh In On United Bankshares

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in United Bankshares by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,741,908 shares of the financial services provider’s stock worth $288,076,000 after purchasing an additional 24,631 shares during the last quarter. Geode Capital Management LLC raised its stake in United Bankshares by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 3,802,338 shares of the financial services provider’s stock valued at $146,030,000 after acquiring an additional 183,950 shares during the period. Victory Capital Management Inc. raised its stake in United Bankshares by 1.2% in the 3rd quarter. Victory Capital Management Inc. now owns 3,624,628 shares of the financial services provider’s stock valued at $134,872,000 after acquiring an additional 42,255 shares during the period. Norges Bank bought a new stake in United Bankshares in the 4th quarter valued at $68,366,000. Finally, Bank of America Corp DE raised its stake in United Bankshares by 20.5% in the 1st quarter. Bank of America Corp DE now owns 1,631,894 shares of the financial services provider’s stock valued at $67,593,000 after acquiring an additional 277,836 shares during the period. Institutional investors and hedge funds own 70.80% of the company’s stock.

United Bankshares Company Profile

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.