United Bankshares, Inc. (NASDAQ:UBSI) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of United Bankshares, Inc. (NASDAQ:UBSI) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, 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 1 year price objective among brokerages that have issued ratings on the stock in the last year is $45.75.

A number of analysts have issued reports on UBSI shares. Piper Sandler reissued an “overweight” rating and issued a $47.00 price target on shares of United Bankshares in a research note on Monday, January 26th. Weiss Ratings raised United Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 13th. Zacks Research lowered United Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Keefe, Bruyette & Woods lifted 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. Finally, Stephens lifted 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.

United Bankshares Stock Down 1.3%

Shares of NASDAQ:UBSI opened at $41.77 on Friday. The stock’s 50-day moving average price is $42.02 and its two-hundred day moving average price is $40.62. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.10. United Bankshares has a 12-month low of $34.10 and a 12-month high of $45.92. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of 11.70 and a beta of 0.72.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $316.58 million for the quarter, compared to analyst estimates of $315.15 million. During the same period last year, the company earned $0.59 EPS. On average, research analysts forecast that United Bankshares will post 3.64 EPS for the current year.

United Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, June 12th. United Bankshares’s payout ratio is currently 42.58%.

Hedge Funds Weigh In On United Bankshares

Hedge funds and other institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of United Bankshares in the 3rd quarter valued at about $25,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of United Bankshares in the 4th quarter valued at about $26,000. Root Financial Partners LLC lifted its stake in shares of United Bankshares by 64.4% in the 1st quarter. Root Financial Partners LLC now owns 786 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 308 shares in the last quarter. Rothschild Investment LLC lifted its stake in shares of United Bankshares by 174.8% in the 3rd quarter. Rothschild Investment LLC now owns 838 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 533 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of United Bankshares by 196.2% in the 4th quarter. Farther Finance Advisors LLC now owns 856 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 567 shares in the last quarter. 70.80% of the stock is owned by institutional investors and hedge funds.

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.