United Bankshares (NASDAQ:UBSI) Downgraded to Sell Rating by Wall Street Zen

United Bankshares (NASDAQ:UBSI - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Wednesday.

Other equities analysts have also issued research reports about the company. Stephens reissued an "equal weight" rating and issued a $43.00 target price on shares of United Bankshares in a report on Monday, January 27th. Keefe, Bruyette & Woods dropped their target price on United Bankshares from $42.00 to $40.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. Finally, Piper Sandler reissued a "neutral" rating and issued a $38.50 target price on shares of United Bankshares in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $40.63.

United Bankshares Stock Down 0.3%

Shares of United Bankshares stock traded down $0.12 during trading hours on Wednesday, reaching $36.01. 539,687 shares of the company were exchanged, compared to its average volume of 630,846. United Bankshares has a 1 year low of $30.51 and a 1 year high of $44.43. The stock's fifty day moving average is $34.51 and its 200 day moving average is $37.11. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $5.12 billion, a PE ratio of 13.14 and a beta of 0.74.

United Bankshares (NASDAQ:UBSI - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.59 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.07). The business 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% compared to the same quarter last year. During the same period last year, the company earned $0.64 EPS. As a group, equities research analysts forecast that United Bankshares will post 2.81 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Sara Dumond acquired 2,600 shares of the company's stock in a transaction on Monday, March 24th. The shares were bought at an average price of $35.01 per share, with a total value of $91,026.00. Following the completion of the acquisition, the director now owns 5,054 shares in the company, valued at $176,940.54. This trade represents a 105.95% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.46% of the company's stock.

Hedge Funds Weigh In On United Bankshares

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of United Bankshares by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 14,310,562 shares of the financial services provider's stock worth $537,362,000 after purchasing an additional 115,681 shares during the last quarter. Earnest Partners LLC grew its holdings in shares of United Bankshares by 0.4% during the first quarter. Earnest Partners LLC now owns 4,214,634 shares of the financial services provider's stock worth $146,121,000 after buying an additional 15,498 shares during the last quarter. Northern Trust Corp grew its holdings in shares of United Bankshares by 13.7% during the fourth quarter. Northern Trust Corp now owns 1,774,018 shares of the financial services provider's stock worth $66,614,000 after buying an additional 213,441 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of United Bankshares by 1.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,733,488 shares of the financial services provider's stock worth $60,100,000 after buying an additional 22,900 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in shares of United Bankshares by 3.5% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,612,170 shares of the financial services provider's stock worth $60,538,000 after buying an additional 54,089 shares during the last quarter. Hedge funds and other institutional investors own 70.80% of the company's stock.

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.