What is DA Davidson’s Forecast for UBSI FY2025 Earnings?

United Bankshares, Inc. (NASDAQ:UBSI) – Equities researchers at DA Davidson boosted their FY2025 earnings estimates for United Bankshares in a research report issued to clients and investors on Tuesday, February 4th. DA Davidson analyst M. Navas now forecasts that the financial services provider will post earnings of $2.90 per share for the year, up from their previous estimate of $2.86. The consensus estimate for United Bankshares’ current full-year earnings is $2.82 per share.

United Bankshares (NASDAQ:UBSI) last announced its earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. United Bankshares had a return on equity of 7.60% and a net margin of 22.94%. During the same quarter last year, the firm earned $0.59 EPS.

UBSI has been the subject of several other research reports. StockNews.com downgraded shares of United Bankshares from a “hold” rating to a “sell” rating in a research report on Monday, January 27th. Stephens reaffirmed an “equal weight” rating and issued a $43.00 target price on shares of United Bankshares in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods dropped their price target on United Bankshares from $46.00 to $45.00 and set a “market perform” rating on the stock in a research report on Monday, January 27th.

United Bankshares Price Performance

UBSI stock opened at $38.60 on Thursday. The firm has a 50-day moving average of $38.74 and a two-hundred day moving average of $38.35. The firm has a market capitalization of $5.22 billion, a PE ratio of 14.09 and a beta of 1.02. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. United Bankshares has a one year low of $30.68 and a one year high of $44.43.

Insider Buying and Selling at United Bankshares

In other United Bankshares news, Director Mark R. Nesselroad sold 6,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $39.16, for a total value of $234,960.00. Following the transaction, the director now directly owns 35,424 shares of the company’s stock, valued at $1,387,203.84. This represents a 14.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director J Paul Mcnamara sold 2,500 shares of United Bankshares stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.86, for a total value of $107,150.00. Following the sale, the director now owns 63,409 shares of the company’s stock, valued at approximately $2,717,709.74. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.66% of the company’s stock.

Hedge Funds Weigh In On United Bankshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UBSI. Raymond James Financial Inc. bought a new stake in United Bankshares in the fourth quarter worth approximately $14,948,000. Vaughan Nelson Investment Management L.P. boosted its holdings in United Bankshares by 16.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,558,081 shares of the financial services provider’s stock worth $57,805,000 after purchasing an additional 223,150 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in United Bankshares during the fourth quarter valued at about $7,383,000. Point72 Asset Management L.P. bought a new stake in shares of United Bankshares during the 3rd quarter worth about $6,186,000. Finally, Barclays PLC raised its stake in shares of United Bankshares by 89.5% in the 3rd quarter. Barclays PLC now owns 269,852 shares of the financial services provider’s stock valued at $10,012,000 after acquiring an additional 127,486 shares in the last quarter. Institutional investors own 70.80% of the company’s stock.

About United Bankshares

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.