United Bankshares (NASDAQ:UBSI) Downgraded to “Sell” Rating by Wall Street Zen

United Bankshares (NASDAQ:UBSI) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

UBSI has been the topic of several other reports. Raymond James Financial restated an “outperform” rating and set a $49.00 target price on shares of United Bankshares in a report on Monday, April 27th. Weiss Ratings upgraded United Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. Finally, Zacks Research cut United Bankshares from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.75.

United Bankshares Trading Up 1.5%

Shares of United Bankshares stock opened at $45.65 on Friday. The stock has a market cap of $6.29 billion, a P/E ratio of 12.79 and a beta of 0.71. The stock’s 50 day simple moving average is $43.39 and its 200-day simple moving average is $41.65. United Bankshares has a 1-year low of $34.10 and a 1-year high of $45.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.98.

United Bankshares (NASDAQ:UBSI) last issued its earnings results on Thursday, April 23rd. The financial services provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.04. The business had revenue of $316.58 million for the quarter, compared to analysts’ expectations of $315.15 million. United Bankshares had a return on equity of 9.26% and a net margin of 27.45%.During the same period in the previous year, the firm posted $0.59 EPS. Analysts predict that United Bankshares will post 3.64 EPS for the current fiscal year.

Institutional Investors Weigh In On United Bankshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in United Bankshares by 20.5% in the first quarter. Bank of America Corp DE now owns 1,631,894 shares of the financial services provider’s stock valued at $67,593,000 after purchasing an additional 277,836 shares during the period. Edgestream Partners L.P. purchased a new stake in United Bankshares in the first quarter valued at $619,000. Arkadios Wealth Advisors raised its position in United Bankshares by 10.8% in the first quarter. Arkadios Wealth Advisors now owns 81,499 shares of the financial services provider’s stock valued at $3,376,000 after purchasing an additional 7,940 shares during the period. Amundi raised its position in United Bankshares by 204.8% in the first quarter. Amundi now owns 49,874 shares of the financial services provider’s stock valued at $2,066,000 after purchasing an additional 33,511 shares during the period. Finally, California State Teachers Retirement System raised its position in United Bankshares by 16.9% in the first quarter. California State Teachers Retirement System now owns 155,643 shares of the financial services provider’s stock valued at $6,447,000 after purchasing an additional 22,458 shares during the period. Hedge funds and other institutional investors own 70.80% of the company’s stock.

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.