United Bankshares (UBSI) Given a $38.00 Price Target by Sandler O’Neill Analysts

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.

United Bankshares (NASDAQ:UBSI) last released its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.01). United Bankshares had a return on equity of 6.25% and a net margin of 24.94%. The company had revenue of $188.51 million for the quarter, compared to analysts’ expectations of $193.87 million. During the same period in the prior year, the business earned $0.54 EPS. The business’s quarterly revenue was up 44.9% compared to the same quarter last year. analysts expect that United Bankshares will post 1.9 EPS for the current year.

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.

WARNING: This news story was first posted by American Market News and is the property of of American Market News. If you are accessing this news story on another domain, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/07/united-bankshares-ubsi-given-a-38-00-price-target-by-sandler-oneill-analysts.html.

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.