United Bankshares, Inc. (NASDAQ:UBSI) Stock Has Consensus Price Target of $47.80

Key Points

• Analysts have a neutral outlook: United Bankshares has a consensus “Hold” rating from seven analysts, with four holds and three buys. The average 12-month price target is $47.80, modestly above the reported share price of $45.88.
• Quarterly results exceeded expectations: The company reported earnings of $0.95 per share versus the $0.89 consensus estimate, while revenue reached $323.82 million compared with expectations of $320.07 million.
• United Bankshares maintains a 3.3% dividend yield: The company paid a quarterly dividend of $0.38 per share, or $1.52 annualized, with a payout ratio of 41.42%. Institutional investors own approximately 70.8% of the stock.

Shares of United Bankshares, Inc. (NASDAQ:UBSI - Get Free Report) have received a consensus recommendation of "Hold" from the seven research 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 issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $47.80.

UBSI has been the subject of several recent research reports. Wall Street Zen raised United Bankshares from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Hovde Group raised their price objective on shares of United Bankshares from $49.00 to $50.00 and gave the company a "market perform" rating in a report on Friday, July 24th. Keefe, Bruyette & Woods lifted their target price on shares of United Bankshares from $46.00 to $48.00 and gave the stock a "market perform" rating in a research report on Monday, July 27th. Raymond James Financial lifted their target price on shares of United Bankshares from $49.00 to $50.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 1st. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of United Bankshares in a report on Friday, October 2nd.

Insider Activity at United Bankshares

In related news, Director Mark Nesselroad sold 3,200 shares of the business's stock in a transaction dated 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 directly owned 32,224 shares of the company's stock, valued at approximately $1,495,838.08. The trade was a 9.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.16% of the stock is owned by insiders.

Institutional Trading of United Bankshares

A number of large investors have recently added to or reduced their stakes in UBSI. Allworth Financial LP raised its position in shares of United Bankshares by 34.4% in the second quarter. Allworth Financial LP now owns 942 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 241 shares during the period. Inspire Investing LLC lifted its stake in shares of United Bankshares by 2.0% during the 1st quarter. Inspire Investing LLC now owns 12,389 shares of the financial services provider's stock valued at $513,000 after buying an additional 245 shares in the last quarter. Root Financial Partners LLC boosted its holdings in United Bankshares by 64.4% in the 1st quarter. Root Financial Partners LLC now owns 786 shares of the financial services provider's stock worth $33,000 after buying an additional 308 shares during the period. NewEdge Advisors LLC boosted its holdings in United Bankshares by 0.9% in 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 period. Finally, Empowered Funds LLC boosted its holdings in United Bankshares by 8.1% in the 1st quarter. Empowered Funds LLC now owns 5,336 shares of the financial services provider's stock worth $221,000 after buying an additional 402 shares during the period. Hedge funds and other institutional investors own 70.80% of the company's stock.

United Bankshares Price Performance

Shares of UBSI opened at $45.88 on Tuesday. United Bankshares has a 12-month low of $34.10 and a 12-month high of $49.62. The business has a 50-day simple moving average of $47.36 and a two-hundred day simple moving average of $45.48. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.10. The stock has a market cap of $6.25 billion, a PE ratio of 12.50 and a beta of 0.72.

United Bankshares (NASDAQ:UBSI - Get Free Report) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. United Bankshares had a return on equity of 9.39% and a net margin of 27.97%. The firm had revenue of $323.82 million during the quarter, compared to the consensus estimate of $320.07 million. During the same period last year, the company earned $0.85 earnings per share. Analysts anticipate that United Bankshares will post 3.72 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The firm also recently announced 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. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, September 11th. United Bankshares's payout ratio is presently 41.42%.

About United Bankshares

United Bankshares, Inc is a bank holding company headquartered in Charleston, West Virginia. Through its principal banking subsidiary, United Bank, the company provides community banking services to individuals, businesses and institutions.

United Bank offers a range of financial products, including checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer lending, business loans and lines of credit. Its services also include mortgage banking, treasury management, wealth management, trust and investment services, and insurance-related products.

The company traces its history to 1839 and has expanded through organic growth and bank acquisitions.

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