Brokerages Set United Bankshares, Inc. (UBSI) Target Price at $39.50
United Bankshares, Inc. (NASDAQ:UBSI) has received a consensus rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $39.50.
A number of equities analysts have recently weighed in on the company. BidaskClub upgraded United Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, March 30th. Zacks Investment Research raised United Bankshares from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th.
Shares of NASDAQ UBSI traded down $0.17 during mid-day trading on Friday, reaching $38.62. 7,916 shares of the company’s stock were exchanged, compared to its average volume of 383,963. The stock has a market cap of $3.90 billion, a PE ratio of 15.76, a P/E/G ratio of 1.89 and a beta of 1.26. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.51. United Bankshares has a 52-week low of $29.13 and a 52-week high of $39.95.
The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.52%. The ex-dividend date was Thursday, March 7th. United Bankshares’s payout ratio is 55.51%.
In related news, President Richard M. Adams, Jr. sold 14,790 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $37.97, for a total transaction of $561,576.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.62% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ridgewood Investments LLC raised its position in United Bankshares by 13.5% in the 1st quarter. Ridgewood Investments LLC now owns 6,995 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 830 shares in the last quarter. W.E. Donoghue & Co. LLC acquired a new stake in United Bankshares in the 1st quarter valued at about $973,000. Mercer Global Advisors Inc. ADV acquired a new stake in United Bankshares in the 1st quarter valued at about $211,000. Graves Light Private Wealth Management Inc. raised its position in United Bankshares by 92.1% in the 1st quarter. Graves Light Private Wealth Management Inc. now owns 17,562 shares of the financial services provider’s stock valued at $636,000 after purchasing an additional 8,419 shares in the last quarter. Finally, Huntington National Bank raised its position in United Bankshares by 13.3% in the 1st quarter. Huntington National Bank now owns 35,129 shares of the financial services provider’s stock valued at $1,273,000 after purchasing an additional 4,132 shares in the last quarter. 71.85% of the stock is currently owned by hedge funds and other institutional investors.
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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