United Bankshares, Inc. (UBSI) Given Consensus Recommendation of “Hold” by Analysts
United Bankshares, Inc. (NASDAQ:UBSI) has been given an average rating of “Hold” by the six analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $44.50.
A number of research analysts have recently commented on the company. Zacks Investment Research downgraded United Bankshares from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BidaskClub downgraded United Bankshares from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, Boenning Scattergood upgraded United Bankshares from an “underperform” rating to a “neutral” rating in a research report on Thursday, May 18th.
Shares of United Bankshares (NASDAQ UBSI) opened at 33.70 on Friday. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 18.03 and a beta of 1.05. The firm’s 50-day moving average is $35.24 and its 200-day moving average is $39.61. United Bankshares has a 12-month low of $31.71 and a 12-month high of $49.35.
United Bankshares (NASDAQ:UBSI) last posted its earnings results on Thursday, July 27th. The financial services provider reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by $0.14. The firm had revenue of $176.75 million for the quarter, compared to the consensus estimate of $164.09 million. United Bankshares had a net margin of 25.20% and a return on equity of 6.42%. During the same quarter in the prior year, the company posted $0.44 earnings per share. On average, equities analysts predict that United Bankshares will post $1.92 EPS for the current year.
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In related news, Chairman Richard M. Sr Adams, Sr. purchased 7,405 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average price of $33.85 per share, for a total transaction of $250,659.25. Following the acquisition, the chairman now owns 631,170 shares of the company’s stock, valued at approximately $21,365,104.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider William Mark Tatterson purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were bought at an average price of $32.30 per share, for a total transaction of $32,300.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 13,747 shares of company stock worth $460,281 in the last 90 days. 6.23% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. raised its stake in United Bankshares by 0.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 33,113 shares of the financial services provider’s stock valued at $1,298,000 after buying an additional 182 shares during the last quarter. State of Alaska Department of Revenue raised its stake in United Bankshares by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 8,980 shares of the financial services provider’s stock valued at $379,000 after buying an additional 220 shares during the last quarter. LS Investment Advisors LLC raised its stake in United Bankshares by 9.7% in the first quarter. LS Investment Advisors LLC now owns 2,766 shares of the financial services provider’s stock valued at $117,000 after buying an additional 244 shares during the last quarter. Sandy Spring Bank raised its stake in United Bankshares by 1.7% in the second quarter. Sandy Spring Bank now owns 16,272 shares of the financial services provider’s stock valued at $638,000 after buying an additional 277 shares during the last quarter. Finally, TD Asset Management Inc. raised its stake in United Bankshares by 1.4% in the second quarter. TD Asset Management Inc. now owns 21,635 shares of the financial services provider’s stock valued at $848,000 after buying an additional 300 shares during the last quarter. Institutional investors own 52.25% of the company’s stock.
United Bankshares Company Profile
United Bankshares, Inc (United) is a bank holding company. The Company operates through community banking segment. United’s Banking Subsidiaries offer a range of commercial and retail banking services and products. United, through its subsidiaries, engages in community banking and offers banking products and services permitted by law and regulation.
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