Brokerages Set United Bankshares, Inc. (UBSI) PT at $42.25

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.

Analyst Recommendations for United Bankshares (NASDAQ:UBSI)

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