United Bankshares (UBSI) Lowered to Sell at BidaskClub
BidaskClub cut shares of United Bankshares (NASDAQ:UBSI) from a hold rating to a sell rating in a report published on Friday.
UBSI has been the topic of several other research reports. Zacks Investment Research downgraded shares of United Bankshares from a buy rating to a hold rating in a research note on Wednesday, February 21st. Sandler O’Neill set a $38.00 target price on shares of United Bankshares and gave the stock a hold rating in a research report on Thursday, January 4th. Finally, TheStreet raised shares of United Bankshares from a c+ rating to a b- rating in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. United Bankshares has a consensus rating of Hold and an average target price of $42.25.
Shares of United Bankshares (NASDAQ:UBSI) opened at $36.30 on Friday. United Bankshares has a one year low of $31.70 and a one year high of $45.50. The stock has a market cap of $3,813.02, a price-to-earnings ratio of 18.91, a P/E/G ratio of 1.82 and a beta of 1.05. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.42.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Thursday, March 8th. United Bankshares’s payout ratio is currently 87.18%.
In other news, Director Peter A. Converse sold 69,020 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $37.03, for a total value of $2,555,810.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael P. Fitzgerald sold 27,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $37.05, for a total transaction of $1,000,350.00. The disclosure for this sale can be found here. 6.23% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in UBSI. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of United Bankshares by 42.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,765 shares of the financial services provider’s stock valued at $200,000 after buying an additional 1,712 shares during the period. Chicago Partners Investment Group LLC acquired a new position in shares of United Bankshares in the 3rd quarter valued at about $216,000. Engineers Gate Manager LP acquired a new position in shares of United Bankshares in the 3rd quarter valued at about $241,000. Tyers Asset Management LLC boosted its holdings in shares of United Bankshares by 32.8% in the 4th quarter. Tyers Asset Management LLC now owns 7,248 shares of the financial services provider’s stock valued at $252,000 after buying an additional 1,792 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of United Bankshares in the 4th quarter valued at about $264,000. 68.97% of the stock is owned by institutional investors.
TRADEMARK VIOLATION NOTICE: This report was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://www.watchlistnews.com/united-bankshares-ubsi-lowered-to-sell-at-bidaskclub/1909678.html.
United Bankshares Company Profile
United Bankshares, Inc (United) is a bank holding company. The Company operates through community banking segment. United’s Banking Subsidiaries offer a range of commercial and retail banking services and products. United, through its subsidiaries, engages in community banking and offers banking products and services permitted by law and regulation.
Receive News & Ratings for United Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.