United Bankshares, Inc. (NASDAQ:UBSI) Receives Average Recommendation of "Hold" from Analysts

Key Points

• United Bankshares, Inc. has an average recommendation of "Hold" from analysts, with one buy rating among five research firms covering the stock.
• The company recently announced a quarterly dividend of $0.37, representing an annualized yield of 4.0% and a payout ratio of 52.30%.
• United Bankshares reported $0.85 earnings per share for the last quarter, exceeding analysts' expectations of $0.77 and achieving a net revenue of $306 million.

Shares of United Bankshares, Inc. (NASDAQ:UBSI - Get Free Report) have been assigned a consensus rating of "Hold" from the five research firms that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $40.50.

Several research firms have recently weighed in on UBSI. Zacks Research upgraded shares of United Bankshares to a "hold" rating in a research report on Friday, August 8th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of United Bankshares in a research note on Saturday, September 27th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its stake in shares of United Bankshares by 13.9% during the third quarter. GAMMA Investing LLC now owns 2,844 shares of the financial services provider's stock worth $106,000 after acquiring an additional 347 shares in the last quarter. Cape Investment Advisory Inc. bought a new position in shares of United Bankshares during the 2nd quarter valued at $107,000. Wellington Capital Management Inc. purchased a new stake in United Bankshares during the second quarter valued at about $332,000. Tower Research Capital LLC TRC boosted its position in United Bankshares by 83.1% during the second quarter. Tower Research Capital LLC TRC now owns 15,261 shares of the financial services provider's stock valued at $556,000 after buying an additional 6,925 shares during the period. Finally, Corient Private Wealth LLC boosted its position in United Bankshares by 98.2% during the second quarter. Corient Private Wealth LLC now owns 15,024 shares of the financial services provider's stock valued at $547,000 after buying an additional 7,442 shares during the period. 70.80% of the stock is owned by hedge funds and other institutional investors.

United Bankshares Price Performance

Shares of NASDAQ:UBSI traded up $0.46 on Friday, hitting $37.19. The company's stock had a trading volume of 701,102 shares, compared to its average volume of 616,457. United Bankshares has a 1 year low of $30.50 and a 1 year high of $44.43. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $5.27 billion, a PE ratio of 13.14 and a beta of 0.76. The company has a 50-day simple moving average of $37.23 and a 200 day simple moving average of $36.09.

United Bankshares (NASDAQ:UBSI - Get Free Report) last announced its earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.08. United Bankshares had a net margin of 23.14% and a return on equity of 7.65%. The business had revenue of $306.00 million for the quarter, compared to the consensus estimate of $297.98 million. During the same period last year, the firm posted $0.71 earnings per share. Sell-side analysts forecast that United Bankshares will post 2.81 EPS for the current fiscal year.

United Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were given a $0.37 dividend. The ex-dividend date was Friday, September 12th. This represents a $1.48 dividend on an annualized basis and a yield of 4.0%. United Bankshares's payout ratio is presently 52.30%.

About United Bankshares

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.

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