United Bankshares (NASDAQ:UBSI) had its price target upped by Keefe, Bruyette & Woods from $31.00 to $32.00 in a research note issued to investors on Tuesday, American Banking & Market News reports.
United Bankshares (NASDAQ:UBSI) traded down 0.44% on Tuesday, hitting $31.68. 58,873 shares of the company’s stock traded hands. United Bankshares has a 52-week low of $23.76 and a 52-week high of $32.71. The stock has a 50-day moving average of $30.49 and a 200-day moving average of $28.47. The company has a market cap of $1.597 billion and a P/E ratio of 18.39.
United Bankshares (NASDAQ:UBSI) last announced its earnings results on Tuesday, October 29th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. During the same quarter in the prior year, the company posted $0.38 earnings per share. On average, analysts predict that United Bankshares will post $1.75 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Wednesday, December 11th. This is a boost from United Bankshares’s previous quarterly dividend of $0.31.
Several other analysts have also recently commented on the stock. Analysts at Raymond James raised their price target on shares of United Bankshares from $29.00 to $32.00 in a research note to investors on Friday, November 1st. They now have an outperform rating on the stock. Analysts at Guggenheim raised their price target on shares of United Bankshares from $28.00 to $30.00 in a research note to investors on Friday, September 20th. They now have a neutral rating on the stock. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. United Bankshares presently has an average rating of Hold and an average price target of $30.88.
United Bankshares, Inc (NASDAQ:UBSI) is a bank holding company.
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