United Bankshares, Inc. (NASDAQ:UBSI) Receives $44.67 Consensus Target Price from Brokerages

Shares of United Bankshares, Inc. (NASDAQ:UBSI) have received an average rating of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $44.6667.

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of United Bankshares from $40.00 to $43.00 and gave the stock a “market perform” rating in a research report on Monday, January 26th. Stephens lifted their price objective on shares of United Bankshares from $40.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Piper Sandler reiterated an “overweight” rating and issued a $47.00 target price on shares of United Bankshares in a report on Monday, January 26th. Zacks Research raised shares of United Bankshares from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings upgraded shares of United Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th.

United Bankshares Stock Performance

Shares of NASDAQ UBSI opened at $40.14 on Monday. United Bankshares has a 1 year low of $30.50 and a 1 year high of $45.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a fifty day moving average price of $41.91 and a two-hundred day moving average price of $38.96. The firm has a market cap of $5.60 billion, a P/E ratio of 12.28 and a beta of 0.76.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.05. United Bankshares had a return on equity of 8.60% and a net margin of 25.51%.The business had revenue of $430.85 million during the quarter, compared to analyst estimates of $315.50 million. During the same quarter in the prior year, the firm posted $0.69 earnings per share. Research analysts forecast that United Bankshares will post 2.81 EPS for the current fiscal year.

United Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, March 13th. United Bankshares’s payout ratio is presently 46.48%.

Institutional Investors Weigh In On United Bankshares

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of United Bankshares in the 4th quarter valued at $68,366,000. First Trust Advisors LP raised its holdings in United Bankshares by 367.5% during the 2nd quarter. First Trust Advisors LP now owns 1,935,979 shares of the financial services provider’s stock worth $70,528,000 after buying an additional 1,521,864 shares during the period. AQR Capital Management LLC lifted its stake in United Bankshares by 74.7% during the fourth quarter. AQR Capital Management LLC now owns 1,625,205 shares of the financial services provider’s stock valued at $62,408,000 after buying an additional 694,953 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of United Bankshares by 75.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,177,051 shares of the financial services provider’s stock worth $45,199,000 after acquiring an additional 504,986 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of United Bankshares by 64.6% in the third quarter. JPMorgan Chase & Co. now owns 782,292 shares of the financial services provider’s stock worth $29,109,000 after acquiring an additional 307,159 shares in the last quarter. 70.80% of the stock is owned by institutional investors and hedge funds.

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.