United Bankshares, Inc. (NASDAQ:UBSI) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analyst consensus is “Hold”: Four of seven covering firms rate United Bankshares as a hold, while three recommend buying. The average 12-month price target is $47.80.
• Quarterly earnings exceeded expectations: United Bankshares reported earnings of $0.95 per share, beating the $0.89 consensus estimate, compared with $0.85 per share in the same quarter a year earlier.
• The stock is trading near its annual high: Shares opened at $47.81, versus a 12-month range of $34.10 to $49.62, while institutional investors own approximately 70.8% of the company.

Shares of United Bankshares, Inc. (NASDAQ:UBSI - Get Free Report) have been given a consensus rating of "Hold" by the seven ratings firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $47.80.

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

United Bankshares Price Performance

NASDAQ UBSI opened at $47.81 on Monday. 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 capitalization of $6.51 billion, a PE ratio of 13.03 and a beta of 0.71. United Bankshares has a 12-month low of $34.10 and a 12-month high of $49.62. The company has a 50 day moving average price of $47.11 and a two-hundred day moving average price of $44.28.

United Bankshares (NASDAQ:UBSI - Get Free Report) last released 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 $35.72 million during the quarter, compared to analyst estimates of $320.07 million. United Bankshares had a net margin of 27.97% and a return on equity of 9.39%. During the same quarter in the previous year, the business earned $0.85 EPS. As a group, equities analysts predict that United Bankshares will post 3.71 earnings per share for the current fiscal year.

Institutional Trading of United Bankshares

Several hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd bought a new position in United Bankshares in the 3rd quarter worth approximately $25,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of United Bankshares in the fourth quarter valued at approximately $26,000. Farther Finance Advisors LLC grew its stake in shares of United Bankshares by 196.2% in the fourth quarter. Farther Finance Advisors LLC now owns 856 shares of the financial services provider's stock worth $33,000 after acquiring an additional 567 shares during the last quarter. Root Financial Partners LLC grew its stake in shares of United Bankshares by 64.4% in the first quarter. Root Financial Partners LLC now owns 786 shares of the financial services provider's stock worth $33,000 after acquiring an additional 308 shares during the last quarter. Finally, Allworth Financial LP bought a new position in United Bankshares during the second quarter worth $43,000. Institutional investors own 70.80% of the company's stock.

United Bankshares Company Profile

United Bankshares, Inc, headquartered in Charleston, West Virginia, is a bank holding company that provides a full range of financial services through its primary subsidiary, United Bank. The company's core offerings include retail and commercial banking products such as checking and savings accounts, certificates of deposit, personal and business loans, mortgages, and treasury management services. In addition, United Bankshares delivers private banking, wealth management, trust and fiduciary solutions, and investment advisory services to meet the needs of individual, corporate, and institutional clients.

United Bankshares operates an extensive branch network across West Virginia, Virginia, Maryland, the District of Columbia, Ohio, Pennsylvania, and South Carolina.

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