United Bankshares, Inc. (NASDAQ:UBSI) Stock Has Average Price Target of $49.20

Key Points

• Analyst sentiment is mixed: Seven analysts give United Bankshares a consensus “Hold” rating, with a mean 1-year price target of $49.20. Recent target changes include Piper Sandler raising its target to $54 and Hovde Group lifting its target to $50.
• Quarterly results were mixed: The company reported EPS of $0.94, slightly above the $0.93 consensus, while revenue of $325.1 million came in below estimates of $327.23 million.
• United Bankshares pays a quarterly dividend of $0.38 per share, equivalent to $1.52 annually and a 3.2% yield at the cited share price.

United Bankshares, Inc. (NASDAQ:UBSI - Get Free Report) has earned a consensus recommendation of "Hold" from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $49.20.

Several research firms recently commented on UBSI. Piper Sandler raised their price target on shares of United Bankshares from $51.00 to $54.00 and gave the company an "overweight" rating in a report on Monday, October 26th. Hovde Group lifted their price objective on United Bankshares from $49.00 to $50.00 and gave the stock a "market perform" rating in a research report on Friday, July 24th. Wall Street Zen upgraded shares of United Bankshares from a "sell" rating to a "hold" rating in a research note on Sunday, November 1st. Keefe, Bruyette & Woods boosted their price target on United Bankshares from $46.00 to $48.00 and gave the stock a "market perform" rating in a research note on Monday, July 27th. Finally, Weiss Ratings upgraded shares of United Bankshares from a "buy (b)" rating to a "buy (b+)" rating in a research report on Monday.

Insiders Place Their Bets

In other news, Director Mark Nesselroad sold 3,200 shares of United Bankshares stock in a transaction that occurred on Tuesday, September 1st. The shares were 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 of the company's stock, valued at $1,495,838.08. The trade was a 9.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.16% of the company's stock.

Institutional Investors Weigh In On United Bankshares

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of United Bankshares during the 2nd quarter valued at approximately $925,212,000. Bank of America Corp DE acquired a new position in United Bankshares in the second quarter valued at about $64,802,000. Bank of New York Mellon Corp bought a new position in shares of United Bankshares in the 2nd quarter valued at $60,968,000. Basswood Capital Management L.L.C. bought a new stake in United Bankshares in the second quarter worth about $10,680,000. Finally, Legal & General Group Plc purchased a new position in shares of United Bankshares during the 2nd quarter worth approximately $8,792,000. Institutional investors own 70.80% of the company's stock.

United Bankshares Stock Performance

NASDAQ UBSI opened at $48.22 on Friday. The firm has a market capitalization of $6.57 billion, a P/E ratio of 13.07 and a beta of 0.73. The stock has a 50-day simple moving average of $47.17 and a two-hundred day simple moving average of $44.97. United Bankshares has a fifty-two week low of $34.68 and a fifty-two week high of $50.47. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 0.97.

United Bankshares (NASDAQ:UBSI - Get Free Report) last issued its earnings results on Thursday, October 22nd. The financial services provider reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.01. United Bankshares had a return on equity of 9.37% and a net margin of 28.03%. The company had revenue of $325.10 million during the quarter, compared to the consensus estimate of $327.23 million. During the same period in the previous year, the firm posted $0.92 earnings per share. On average, equities analysts forecast that United Bankshares will post 3.74 earnings per share for the current year.

United Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Friday, September 11th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, September 11th. This represents a $1.52 annualized dividend and a dividend yield of 3.2%. United Bankshares's dividend payout ratio (DPR) is currently 41.19%.

United Bankshares Company Profile

United Bankshares, Inc is a financial holding company that operates through its subsidiary, United Bank. The company provides a broad range of banking and financial services to individuals, businesses, nonprofit organizations and government entities.

United Bank's offerings include checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, commercial and industrial financing, treasury management and online and mobile banking.

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