United Bankshares Price Target Increased to $32.00 by Analysts at Raymond James (UBSI)
Raymond James increased their price objective on shares of United Bankshares (NASDAQ:UBSI) from $29.00 to $32.00 in a research note issued on Friday, StockRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target would indicate a potential upside of 8.70% from the company’s current price.
Shares of United Bankshares (NASDAQ:UBSI) traded down 0.47% during mid-day trading on Friday, hitting $29.44. 183,951 shares of the company’s stock traded hands. United Bankshares has a 52 week low of $23.02 and a 52 week high of $30.60. The stock’s 50-day moving average is $29.29 and its 200-day moving average is $27.61. The company has a market cap of $1.483 billion and a price-to-earnings ratio of 17.71.
United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.44 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.44. During the same quarter in the prior year, the company posted $0.38 earnings per share. On average, analysts predict that United Bankshares will post $1.75 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of United Bankshares from $28.00 to $31.00 in a research note to investors on Wednesday. Analysts at Guggenheim raised their price target on shares of United Bankshares from $28.00 to $30.00 in a research note to investors on Friday, September 20th. They now have a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $30.63.
United Bankshares, Inc (NASDAQ:UBSI) is a bank holding company.
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