Shares of United Bankshares, Inc. (NASDAQ:UBSI) have received an average rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $38.00.
UBSI has been the topic of several analyst reports. BidaskClub lowered United Bankshares from a “sell” rating to a “strong sell” rating in a report on Thursday, October 4th. ValuEngine lowered United Bankshares from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Boenning Scattergood reiterated a “hold” rating on shares of United Bankshares in a report on Friday, October 26th. Finally, Zacks Investment Research upgraded United Bankshares from a “sell” rating to a “hold” rating in a report on Thursday, November 22nd.
UBSI stock opened at $33.92 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The stock has a market cap of $3.52 billion, a PE ratio of 17.85, a PEG ratio of 1.74 and a beta of 1.10. United Bankshares has a fifty-two week low of $31.01 and a fifty-two week high of $39.95.
United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.01). United Bankshares had a return on equity of 7.64% and a net margin of 25.09%. The firm had revenue of $180.46 million for the quarter, compared to analyst estimates of $189.56 million. As a group, equities research analysts anticipate that United Bankshares will post 2.45 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 14th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.36 annualized dividend and a yield of 4.01%. United Bankshares’s payout ratio is presently 71.58%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in United Bankshares by 3.1% during the third quarter. Vanguard Group Inc. now owns 9,611,137 shares of the financial services provider’s stock worth $349,365,000 after acquiring an additional 285,093 shares in the last quarter. Teachers Advisors LLC raised its stake in United Bankshares by 7.8% in the third quarter. Teachers Advisors LLC now owns 213,312 shares of the financial services provider’s stock valued at $7,754,000 after buying an additional 15,526 shares during the period. Captrust Financial Advisors raised its stake in United Bankshares by 985.1% in the third quarter. Captrust Financial Advisors now owns 3,559 shares of the financial services provider’s stock valued at $131,000 after buying an additional 3,231 shares during the period. Resources Management Corp CT ADV bought a new stake in United Bankshares in the third quarter valued at approximately $690,000. Finally, MetLife Investment Advisors LLC raised its stake in United Bankshares by 17.3% in the third quarter. MetLife Investment Advisors LLC now owns 131,667 shares of the financial services provider’s stock valued at $4,786,000 after buying an additional 19,373 shares during the period. Institutional investors and hedge funds own 70.92% of the company’s stock.
About United Bankshares
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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