Keefe, Bruyette & Woods Has Lowered Expectations for United Bankshares (NASDAQ:UBSI) Stock Price

United Bankshares (NASDAQ:UBSI - Free Report) had its price objective lowered by Keefe, Bruyette & Woods from $42.00 to $40.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has a market perform rating on the financial services provider's stock.

A number of other equities research analysts also recently commented on the stock. Piper Sandler restated a "neutral" rating and issued a $38.50 price objective on shares of United Bankshares in a research report on Wednesday, March 12th. StockNews.com cut United Bankshares from a "hold" rating to a "sell" rating in a report on Monday, January 27th. Finally, Stephens reaffirmed an "equal weight" rating and set a $43.00 price objective on shares of United Bankshares in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to MarketBeat, United Bankshares currently has a consensus rating of "Hold" and an average target price of $40.63.

United Bankshares Stock Performance

UBSI traded up $0.80 on Monday, hitting $35.27. 547,669 shares of the company traded hands, compared to its average volume of 617,668. The company has a 50 day moving average of $34.10 and a 200-day moving average of $37.35. United Bankshares has a 12-month low of $30.51 and a 12-month high of $44.43. The stock has a market capitalization of $5.06 billion, a PE ratio of 12.87 and a beta of 0.91. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11.

United Bankshares (NASDAQ:UBSI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.07). The firm had revenue of $289.61 million during the quarter, compared to analysts' expectations of $279.02 million. United Bankshares had a net margin of 22.94% and a return on equity of 7.60%. The business's quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business earned $0.64 earnings per share. Sell-side analysts anticipate that United Bankshares will post 2.81 earnings per share for the current year.

United Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.20%. The ex-dividend date was Friday, March 14th. United Bankshares's dividend payout ratio (DPR) is 55.02%.

Insider Buying and Selling

In other news, Director Sara Dumond bought 2,600 shares of the firm's stock in a transaction on Monday, March 24th. The shares were bought at an average cost of $35.01 per share, for a total transaction of $91,026.00. Following the completion of the transaction, the director now owns 5,054 shares in the company, valued at $176,940.54. This trade represents a 105.95 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.66% of the company's stock.

Institutional Investors Weigh In On United Bankshares

Several institutional investors and hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new position in United Bankshares during the fourth quarter worth about $26,000. Jones Financial Companies Lllp increased its stake in shares of United Bankshares by 55.8% during the 4th quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider's stock worth $33,000 after purchasing an additional 310 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of United Bankshares by 726.5% during the 1st quarter. Farther Finance Advisors LLC now owns 967 shares of the financial services provider's stock worth $33,000 after purchasing an additional 850 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its stake in United Bankshares by 1,921.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider's stock valued at $54,000 after buying an additional 1,364 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in United Bankshares by 37.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,480 shares of the financial services provider's stock valued at $56,000 after buying an additional 400 shares during the last quarter. 70.80% of the stock is currently owned by hedge funds and other institutional investors.

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.