United Bankshares, Inc. (NASDAQ:UBSI) has been given an average recommendation of “Hold” by the seven research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $42.25.
A number of equities research analysts have commented on UBSI shares. BidaskClub downgraded shares of United Bankshares from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Zacks Investment Research raised shares of United Bankshares from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective on the stock in a research report on Thursday, December 28th. Boenning Scattergood reissued a “hold” rating on shares of United Bankshares in a research report on Friday, October 27th. Finally, Sandler O’Neill set a $38.00 price objective on shares of United Bankshares and gave the company a “hold” rating in a research report on Thursday, January 4th.
In other news, Director Peter A. Converse sold 69,020 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $37.03, for a total value of $2,555,810.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael P. Fitzgerald sold 27,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $37.05, for a total transaction of $1,000,350.00. The disclosure for this sale can be found here. Corporate insiders own 6.23% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of United Bankshares by 42.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,765 shares of the financial services provider’s stock valued at $200,000 after buying an additional 1,712 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of United Bankshares in the 3rd quarter valued at $216,000. Engineers Gate Manager LP acquired a new position in shares of United Bankshares in the 3rd quarter valued at $241,000. Cubist Systematic Strategies LLC acquired a new position in shares of United Bankshares in the 2nd quarter valued at $248,000. Finally, Tyers Asset Management LLC boosted its holdings in shares of United Bankshares by 32.8% in the 4th quarter. Tyers Asset Management LLC now owns 7,248 shares of the financial services provider’s stock valued at $252,000 after buying an additional 1,792 shares in the last quarter. Institutional investors and hedge funds own 67.78% of the company’s stock.
Shares of United Bankshares (UBSI) traded up $0.55 on Friday, reaching $37.05. 642,600 shares of the company traded hands, compared to its average volume of 727,419. United Bankshares has a 1 year low of $31.70 and a 1 year high of $46.35. The stock has a market cap of $3,889.97, a P/E ratio of 23.75, a P/E/G ratio of 1.86 and a beta of 1.05. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.02 and a current ratio of 1.04.
United Bankshares (NASDAQ:UBSI) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. United Bankshares had a net margin of 9.58% and a return on equity of 2.22%. The firm had revenue of $187.62 million for the quarter, compared to the consensus estimate of $182.94 million. During the same period in the prior year, the firm earned $0.51 EPS. research analysts predict that United Bankshares will post 2.49 earnings per share for the current year.
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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.
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