United Bankshares (UBSI) Cut to Sell at BidaskClub

BidaskClub lowered shares of United Bankshares (NASDAQ:UBSI) from a hold rating to a sell rating in a research report released on Thursday, January 4th.

A number of other equities research analysts have also recently issued reports on UBSI. Zacks Investment Research raised United Bankshares from a sell rating to a hold rating in a research report on Thursday, September 28th. Boenning Scattergood reiterated a hold rating on shares of United Bankshares in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating to the stock. United Bankshares presently has an average rating of Hold and an average price target of $42.25.

United Bankshares (NASDAQ UBSI) traded up $0.05 during midday trading on Thursday, reaching $36.90. The company’s stock had a trading volume of 411,000 shares, compared to its average volume of 521,089. The firm has a market cap of $3,874.22, a P/E ratio of 19.42, a PEG ratio of 1.51 and a beta of 1.05. United Bankshares has a 12-month low of $31.70 and a 12-month high of $46.35. 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 (NASDAQ:UBSI) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.01). The firm had revenue of $188.51 million during the quarter, compared to the consensus estimate of $193.87 million. United Bankshares had a net margin of 24.94% and a return on equity of 6.25%. The company’s quarterly revenue was up 44.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. research analysts forecast that United Bankshares will post 1.9 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 8th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.69%. This is a positive change from United Bankshares’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, December 7th. United Bankshares’s dividend payout ratio is presently 71.58%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. raised its stake in United Bankshares by 0.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 33,113 shares of the financial services provider’s stock worth $1,298,000 after acquiring an additional 182 shares in the last quarter. Sandy Spring Bank raised its stake in United Bankshares by 1.7% during the second quarter. Sandy Spring Bank now owns 16,272 shares of the financial services provider’s stock worth $638,000 after acquiring an additional 277 shares in the last quarter. Advisor Group Inc. raised its stake in United Bankshares by 19.1% during the second quarter. Advisor Group Inc. now owns 9,466 shares of the financial services provider’s stock worth $371,000 after acquiring an additional 1,517 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in United Bankshares by 62.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,053 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 1,563 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in United Bankshares by 11.6% during the third quarter. Pacer Advisors Inc. now owns 15,183 shares of the financial services provider’s stock worth $564,000 after acquiring an additional 1,578 shares in the last quarter. Institutional investors and hedge funds own 65.51% of the company’s stock.

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United Bankshares Company Profile

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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