United Bankshares (NASDAQ:UBSI) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of United Bankshares (NASDAQ:UBSI) from a sell rating to a hold rating in a research note released on Wednesday morning.

Several other analysts also recently weighed in on the stock. DA Davidson lifted their price objective on shares of United Bankshares from $36.00 to $41.00 and gave the company a neutral rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods lifted their price objective on shares of United Bankshares from $38.00 to $40.00 and gave the company a market perform rating in a research report on Friday, July 26th. Finally, Stephens lifted their price objective on shares of United Bankshares from $36.00 to $39.00 and gave the company an equal weight rating in a research report on Friday, July 26th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, United Bankshares presently has a consensus rating of Hold and an average target price of $40.25.

United Bankshares Trading Up 0.1 %

United Bankshares stock opened at $37.57 on Wednesday. The firm’s 50-day moving average is $36.94 and its 200-day moving average is $34.56. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.99 and a current ratio of 1.00. United Bankshares has a 1 year low of $25.35 and a 1 year high of $39.93. The company has a market cap of $5.08 billion, a P/E ratio of 14.34 and a beta of 0.99.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.07. The firm had revenue of $255.94 million for the quarter, compared to the consensus estimate of $255.54 million. United Bankshares had a net margin of 22.44% and a return on equity of 7.72%. United Bankshares’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period last year, the firm posted $0.68 EPS. On average, equities analysts expect that United Bankshares will post 2.7 earnings per share for the current year.

United Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, September 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.94%. United Bankshares’s dividend payout ratio (DPR) is 56.49%.

Institutional Trading of United Bankshares

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of United Bankshares by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 14,202,951 shares of the financial services provider’s stock worth $533,321,000 after buying an additional 71,359 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of United Bankshares by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,907,665 shares of the financial services provider’s stock worth $256,521,000 after purchasing an additional 142,545 shares during the last quarter. Earnest Partners LLC grew its stake in shares of United Bankshares by 1.8% in the 2nd quarter. Earnest Partners LLC now owns 4,253,797 shares of the financial services provider’s stock worth $137,993,000 after purchasing an additional 74,638 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of United Bankshares by 1.4% in the 2nd quarter. Victory Capital Management Inc. now owns 3,982,478 shares of the financial services provider’s stock worth $129,192,000 after purchasing an additional 55,633 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of United Bankshares by 110.4% in the 2nd quarter. ProShare Advisors LLC now owns 2,206,434 shares of the financial services provider’s stock worth $71,577,000 after purchasing an additional 1,157,579 shares during the last quarter. 70.80% of the stock is currently owned by institutional investors.

United Bankshares Company Profile

United Bankshares, Inc, through its subsidiaries, primarily provides commercial and retail banking products and services in the United States. It operates through two segments, Community Banking and Mortgage Banking. The company accepts checking, savings, and time and money market accounts; individual retirement accounts; and demand deposits, statement and special savings, and NOW accounts.