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.
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.
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