United Bankshares (NASDAQ:UBSI) received a $38.00 price objective from equities research analysts at Sandler O’Neill in a report issued on Thursday. The firm presently has a “hold” rating on the financial services provider’s stock. Sandler O’Neill’s target price points to a potential upside of 9.20% from the stock’s current price.
UBSI has been the topic of a number of other research reports. Zacks Investment Research raised United Bankshares from a “hold” rating to a “strong-buy” rating and set a $41.00 price target on the stock in a report on Thursday, December 28th. Boenning Scattergood reissued a “hold” rating on shares of United Bankshares in a report on Friday, October 27th. Finally, BidaskClub raised United Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $42.00.
United Bankshares (NASDAQ:UBSI) opened at $34.80 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46. United Bankshares has a twelve month low of $31.70 and a twelve month high of $46.35. The stock has a market capitalization of $3,660.00, a PE ratio of 18.32, a P/E/G ratio of 1.54 and a beta of 1.05.
Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new stake in United Bankshares in the second quarter valued at about $135,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in United Bankshares by 62.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,053 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,563 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in United Bankshares in the third quarter valued at about $216,000. Riverhead Capital Management LLC lifted its position in United Bankshares by 102.8% in the second quarter. Riverhead Capital Management LLC now owns 5,678 shares of the financial services provider’s stock valued at $223,000 after purchasing an additional 2,878 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in United Bankshares in the third quarter valued at about $241,000. Hedge funds and other institutional investors own 65.51% of the company’s stock.
About United Bankshares
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.
