United Bankshares, Inc. (NASDAQ:UBSI) Receives Consensus Rating of “Hold” from Analysts

United Bankshares, Inc. (NASDAQ:UBSI) has been assigned an average recommendation of “Hold” from the five research firms that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $40.50.

UBSI has been the topic of several recent research reports. Zacks Research raised shares of United Bankshares to a “hold” rating in a report on Friday, August 8th. Weiss Ratings lowered shares of United Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday.

United Bankshares Price Performance

NASDAQ:UBSI opened at $37.01 on Friday. United Bankshares has a one year low of $30.50 and a one year high of $44.43. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 13.08 and a beta of 0.76. The firm’s fifty day moving average is $37.32 and its two-hundred day moving average is $36.16.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.77 by $0.08. United Bankshares had a net margin of 23.14% and a return on equity of 7.65%. The company had revenue of $306.00 million for the quarter, compared to analyst estimates of $297.98 million. During the same period in the prior year, the company earned $0.71 earnings per share. Research analysts expect that United Bankshares will post 2.81 EPS for the current year.

United Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, September 12th. United Bankshares’s dividend payout ratio is presently 52.30%.

Institutional Investors Weigh In On United Bankshares

Hedge funds have recently modified their holdings of the company. Cerity Partners LLC boosted its stake in shares of United Bankshares by 0.8% during the 1st quarter. Cerity Partners LLC now owns 42,211 shares of the financial services provider’s stock worth $1,463,000 after acquiring an additional 346 shares in the last quarter. Amalgamated Bank lifted its stake in United Bankshares by 1.1% in the 1st quarter. Amalgamated Bank now owns 62,509 shares of the financial services provider’s stock valued at $2,167,000 after buying an additional 698 shares in the last quarter. New York State Teachers Retirement System lifted its stake in United Bankshares by 0.5% in the 1st quarter. New York State Teachers Retirement System now owns 133,107 shares of the financial services provider’s stock valued at $4,615,000 after buying an additional 600 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in United Bankshares by 8.6% in the 1st quarter. State of Alaska Department of Revenue now owns 16,719 shares of the financial services provider’s stock valued at $579,000 after buying an additional 1,330 shares in the last quarter. Finally, Focus Partners Wealth lifted its stake in United Bankshares by 178.6% in the 1st quarter. Focus Partners Wealth now owns 73,102 shares of the financial services provider’s stock valued at $2,534,000 after buying an additional 46,863 shares in the last quarter. 70.80% of the stock is owned by hedge funds and other institutional investors.

United Bankshares Company Profile

United Bankshares, Inc, through its subsidiaries, 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.