United Bankshares, Inc. (NASDAQ:UBSI) Given Average Rating of “Moderate Buy” by Brokerages

Shares of United Bankshares, Inc. (NASDAQ:UBSI) have earned an average rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $45.75.

A number of equities analysts recently weighed in on the company. Zacks Research cut United Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Raymond James Financial reissued an “outperform” rating and issued a $49.00 price target on shares of United Bankshares in a research note on Monday, April 27th. Finally, Weiss Ratings upgraded United Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 13th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in UBSI. Brighton Jones LLC increased its position in United Bankshares by 4.6% in the 4th quarter. Brighton Jones LLC now owns 16,873 shares of the financial services provider’s stock worth $634,000 after buying an additional 748 shares during the period. Royal Bank of Canada increased its position in United Bankshares by 2.0% in the 1st quarter. Royal Bank of Canada now owns 66,649 shares of the financial services provider’s stock worth $2,310,000 after buying an additional 1,298 shares during the period. Millennium Management LLC increased its position in United Bankshares by 464.1% in the 1st quarter. Millennium Management LLC now owns 137,336 shares of the financial services provider’s stock worth $4,761,000 after buying an additional 112,988 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of United Bankshares by 7.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 409,428 shares of the financial services provider’s stock worth $14,195,000 after purchasing an additional 28,366 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of United Bankshares by 564.0% during the 1st quarter. Jane Street Group LLC now owns 182,540 shares of the financial services provider’s stock worth $6,329,000 after purchasing an additional 155,051 shares in the last quarter. 70.80% of the stock is owned by institutional investors.

United Bankshares Trading Up 1.3%

Shares of UBSI stock opened at $44.33 on Wednesday. The stock has a 50-day simple moving average of $43.16 and a 200 day simple moving average of $41.50. United Bankshares has a fifty-two week low of $34.10 and a fifty-two week high of $45.92. The stock has a market capitalization of $6.11 billion, a P/E ratio of 12.42 and a beta of 0.71. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.10.

United Bankshares (NASDAQ:UBSI) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.04. United Bankshares had a return on equity of 9.26% and a net margin of 27.45%.The business had revenue of $316.58 million during the quarter, compared to analysts’ expectations of $315.15 million. During the same quarter last year, the business posted $0.59 earnings per share. On average, sell-side analysts expect that United Bankshares will post 3.64 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, June 12th. United Bankshares’s dividend payout ratio (DPR) is presently 42.58%.

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.