United Bankshares (NASDAQ:UBSI) Stock Rating Reaffirmed by Boenning Scattergood
United Bankshares (NASDAQ:UBSI)‘s stock had its “neutral” rating reaffirmed by analysts at Boenning Scattergood in a research report issued to clients and investors on Thursday, Zacks.com reports.
A number of other research analysts have also weighed in on UBSI. BidaskClub raised United Bankshares from a “hold” rating to a “buy” rating in a report on Friday, April 26th. Zacks Investment Research raised United Bankshares from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Wednesday, April 3rd.
Shares of NASDAQ:UBSI opened at $36.40 on Thursday. United Bankshares has a 1 year low of $29.13 and a 1 year high of $39.95. The stock has a market cap of $3.75 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 1.81 and a beta of 1.27. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58.
Hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank acquired a new position in shares of United Bankshares in the fourth quarter valued at about $40,000. Rehmann Capital Advisory Group boosted its stake in shares of United Bankshares by 60.3% in the fourth quarter. Rehmann Capital Advisory Group now owns 1,334 shares of the financial services provider’s stock worth $42,000 after buying an additional 502 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of United Bankshares in the first quarter worth about $112,000. Bessemer Group Inc. boosted its stake in shares of United Bankshares by 381.0% in the fourth quarter. Bessemer Group Inc. now owns 4,021 shares of the financial services provider’s stock worth $125,000 after buying an additional 3,185 shares during the last quarter. Finally, Starr International Co. Inc. purchased a new stake in shares of United Bankshares in the first quarter worth about $184,000. 72.75% of the stock is currently owned by institutional investors and hedge funds.
United Bankshares Company Profile
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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