United Bankshares, Inc. (NASDAQ:UBSI) Receives $41.83 Consensus Target Price from Brokerages

Shares of United Bankshares, Inc. (NASDAQ:UBSI) have been given a consensus rating of “Hold” by the five analysts that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $41.8333.

Several brokerages recently weighed in on UBSI. Piper Sandler set a $42.50 price objective on United Bankshares and gave the company an “overweight” rating in a report on Thursday, October 23rd. Zacks Research lowered United Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of United Bankshares in a report on Monday, December 29th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Regent Peak Wealth Advisors LLC acquired a new stake in shares of United Bankshares during the 3rd quarter worth approximately $1,886,000. Y Intercept Hong Kong Ltd bought a new position in United Bankshares during the 2nd quarter worth $378,000. Commonwealth Financial Services LLC increased its position in United Bankshares by 521.5% in the third quarter. Commonwealth Financial Services LLC now owns 37,248 shares of the financial services provider’s stock worth $1,386,000 after buying an additional 31,255 shares during the period. Focus Partners Wealth lifted its stake in United Bankshares by 178.6% in the first quarter. Focus Partners Wealth now owns 73,102 shares of the financial services provider’s stock valued at $2,534,000 after buying an additional 46,863 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in United Bankshares by 81.8% in the second quarter. Truist Financial Corp now owns 22,375 shares of the financial services provider’s stock valued at $815,000 after buying an additional 10,069 shares during the last quarter. 70.80% of the stock is owned by institutional investors and hedge funds.

United Bankshares Stock Up 1.7%

UBSI stock opened at $41.23 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.10. The firm has a 50 day simple moving average of $38.41 and a 200-day simple moving average of $37.48. The company has a market capitalization of $5.79 billion, a P/E ratio of 13.52 and a beta of 0.78. United Bankshares has a twelve month low of $30.50 and a twelve month high of $41.53.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.10. The company had revenue of $280.90 million during the quarter, compared to analyst estimates of $307.78 million. United Bankshares had a net margin of 24.37% and a return on equity of 8.15%. During the same period last year, the business earned $0.70 EPS. On average, equities research analysts predict that United Bankshares will post 2.81 earnings per share for the current fiscal year.

United Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.7%. This is a positive change from United Bankshares’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Friday, December 12th. United Bankshares’s dividend payout ratio is currently 49.84%.

United Bankshares Company Profile

United Bankshares, Inc, headquartered in Charleston, West Virginia, is a bank holding company that provides a full range of financial services through its primary subsidiary, United Bank. The company’s core offerings include retail and commercial banking products such as checking and savings accounts, certificates of deposit, personal and business loans, mortgages, and treasury management services. In addition, United Bankshares delivers private banking, wealth management, trust and fiduciary solutions, and investment advisory services to meet the needs of individual, corporate, and institutional clients.

United Bankshares operates an extensive branch network across West Virginia, Virginia, Maryland, the District of Columbia, Ohio, Pennsylvania, and South Carolina.