Hovde Group Forecasts Strong Price Appreciation for United Bankshares (NASDAQ:UBSI) Stock

United Bankshares (NASDAQ:UBSI) had its target price upped by analysts at Hovde Group from $49.00 to $50.00 in a research report issued on Friday, Marketbeat Ratings reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Hovde Group’s price objective indicates a potential upside of 4.60% from the stock’s current price.

Several other analysts also recently commented on UBSI. Zacks Research downgraded shares of United Bankshares from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Wall Street Zen downgraded shares of United Bankshares from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of United Bankshares in a research note on Monday, July 6th. Finally, Raymond James Financial lifted their target price on shares of United Bankshares from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $46.80.

United Bankshares Trading Up 0.9%

NASDAQ UBSI opened at $47.80 on Friday. The firm has a market capitalization of $6.59 billion, a P/E ratio of 13.02 and a beta of 0.71. The business has a fifty day simple moving average of $45.10 and a 200 day simple moving average of $43.20. United Bankshares has a 12 month low of $34.10 and a 12 month high of $48.22. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.10.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $323.82 million for the quarter, compared to analysts’ expectations of $320.07 million. United Bankshares had a return on equity of 9.41% and a net margin of 27.97%.During the same period last year, the business earned $0.85 EPS. On average, analysts predict that United Bankshares will post 3.65 EPS for the current fiscal year.

Institutional Investors Weigh In On United Bankshares

Several hedge funds and other institutional investors have recently modified their holdings of UBSI. Caitong International Asset Management Co. Ltd purchased a new stake in shares of United Bankshares in the third quarter worth about $25,000. Eurizon Capital SGR S.p.A. bought a new stake in United Bankshares during the 4th quarter worth approximately $26,000. Farther Finance Advisors LLC increased its holdings in United Bankshares by 196.2% during the 4th quarter. Farther Finance Advisors LLC now owns 856 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 567 shares during the period. Root Financial Partners LLC lifted its stake in United Bankshares by 64.4% in the 1st quarter. Root Financial Partners LLC now owns 786 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 308 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in United Bankshares by 528.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,175 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 988 shares in the last quarter. 70.80% of the stock is currently owned by institutional investors.

Key Headlines Impacting United Bankshares

Here are the key news stories impacting United Bankshares this week:

• Positive Sentiment: United Bankshares reported Q2 2026 EPS of $0.95, topping the $0.89 consensus estimate and improving from $0.85 a year ago, while revenue of $323.82 million also came in above expectations. Article Title
• Positive Sentiment: The company’s Q2 results were described as a sales surprise, reinforcing the idea that underlying business performance remains solid heading into the rest of the year. Article Title
• Positive Sentiment: Hovde Group raised its price target on UBSI from $49 to $50, signaling slightly improved valuation expectations even though the rating stayed at “market perform.” Article Title
• Neutral Sentiment: Commentary around the stock asks whether UBSI is undervalued after Q2 earnings and completion of its buyback, which suggests investors are weighing earnings strength against already-positive sentiment. Article Title

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.