United Bankshares, Inc. (NASDAQ:UBSI) Receives Consensus Rating of “Hold” from Analysts

United Bankshares, Inc. (NASDAQ:UBSI) has been assigned a consensus rating of “Hold” from the seven research firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $47.80.

A number of analysts recently weighed in on the stock. Hovde Group upped their target price on shares of United Bankshares from $49.00 to $50.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. Raymond James Financial boosted their price target on shares of United Bankshares from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Keefe, Bruyette & Woods increased their price objective on shares of United Bankshares from $46.00 to $48.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Wall Street Zen raised shares of United Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of United Bankshares in a report on Monday, July 6th.

United Bankshares Price Performance

Shares of NASDAQ UBSI opened at $47.02 on Friday. The stock’s 50-day moving average is $47.79 and its two-hundred day moving average is $44.74. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.97. United Bankshares has a 1-year low of $34.10 and a 1-year high of $49.62. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 12.81 and a beta of 0.70.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $323.82 million during the quarter, compared to analysts’ expectations of $320.07 million. United Bankshares had a return on equity of 9.39% and a net margin of 27.97%.During the same quarter last year, the business posted $0.85 EPS. Analysts forecast that United Bankshares will post 3.71 EPS for the current fiscal year.

United Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, September 11th. United Bankshares’s dividend payout ratio is currently 41.42%.

Insider Activity

In other news, Director Mark Nesselroad sold 3,200 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $46.42, for a total value of $148,544.00. Following the transaction, the director owned 32,224 shares in the company, valued at approximately $1,495,838.08. This represents a 9.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.16% of the company’s stock.

Institutional Investors Weigh In On United Bankshares

Several institutional investors have recently added to or reduced their stakes in UBSI. Tidal Investments LLC purchased a new position in United Bankshares in the second quarter valued at approximately $703,000. Integrated Wealth Concepts LLC purchased a new stake in shares of United Bankshares during the 2nd quarter worth approximately $68,000. NewEdge Advisors LLC lifted its position in shares of United Bankshares by 0.9% during the 2nd quarter. NewEdge Advisors LLC now owns 36,324 shares of the financial services provider’s stock worth $1,665,000 after buying an additional 330 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of United Bankshares by 4.6% in the 2nd quarter. IFP Advisors Inc now owns 11,852 shares of the financial services provider’s stock valued at $543,000 after buying an additional 517 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in shares of United Bankshares by 51.3% in the 2nd quarter. Squarepoint Ops LLC now owns 62,405 shares of the financial services provider’s stock valued at $2,860,000 after buying an additional 21,158 shares in the last quarter. Hedge funds and other institutional investors own 70.80% of the company’s stock.

About United Bankshares

United Bankshares, Inc is a bank holding company headquartered in Charleston, West Virginia. Through its principal subsidiary, United Bank, the company provides community banking services to individuals, businesses, and institutions. Its offerings include checking and savings accounts, consumer and commercial loans, residential mortgages, treasury management, online and mobile banking, wealth management, trust services, and other financial solutions.

United Bankshares operates a regional banking network serving communities in West Virginia, Virginia, Ohio, Maryland, Pennsylvania, and the District of Columbia.