United Bankshares, Inc. (NASDAQ:UBSI) Receives $41.83 Consensus Target Price from Analysts

Shares of United Bankshares, Inc. (NASDAQ:UBSI) have earned an average rating of “Moderate Buy” from the five brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $41.8333.

A number of equities research analysts recently commented on the stock. Piper Sandler set a $42.50 price target on shares of United Bankshares and gave the company an “overweight” rating in a report on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of United Bankshares in a research note on Thursday, October 30th. Finally, Zacks Research upgraded shares of United Bankshares from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 19th.

Hedge Funds Weigh In On United Bankshares

A number of hedge funds and other institutional investors have recently made changes to their positions in UBSI. Norges Bank bought a new stake in United Bankshares in the second quarter valued at $60,618,000. First Trust Advisors LP lifted its position in shares of United Bankshares by 367.5% in the 2nd quarter. First Trust Advisors LP now owns 1,935,979 shares of the financial services provider’s stock worth $70,528,000 after purchasing an additional 1,521,864 shares during the period. Nuveen LLC bought a new stake in shares of United Bankshares during the 1st quarter valued at about $28,526,000. AQR Capital Management LLC increased its position in shares of United Bankshares by 65.5% during the third quarter. AQR Capital Management LLC now owns 930,252 shares of the financial services provider’s stock valued at $34,615,000 after buying an additional 368,141 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new position in United Bankshares in the first quarter worth about $10,856,000. Institutional investors own 70.80% of the company’s stock.

United Bankshares Trading Down 0.7%

NASDAQ UBSI opened at $37.68 on Friday. The firm has a market cap of $5.29 billion, a PE ratio of 12.35 and a beta of 0.83. United Bankshares has a 1-year low of $30.50 and a 1-year high of $43.50. The stock has a 50-day moving average of $36.49 and a 200-day moving average of $36.75. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.10.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.10. The business had revenue of $280.90 million for the quarter, compared to analysts’ expectations of $307.78 million. United Bankshares had a return on equity of 8.15% and a net margin of 24.37%.During the same period in the previous year, the firm earned $0.70 EPS. As a group, sell-side analysts forecast that United Bankshares will post 2.81 EPS for the current year.

United Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 12th will be given a $0.38 dividend. The ex-dividend date is Friday, December 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.0%. This is an increase from United Bankshares’s previous quarterly dividend of $0.37. United Bankshares’s dividend payout ratio is 49.84%.

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.