BidaskClub downgraded shares of United Bankshares (NASDAQ:UBSI) from a hold rating to a sell rating in a report released on Thursday morning.

Several other equities research analysts also recently weighed in on UBSI. Zacks Investment Research raised United Bankshares from a sell rating to a hold rating in a report on Thursday, September 28th. Boenning Scattergood reissued a hold rating on shares of United Bankshares in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. United Bankshares presently has a consensus rating of Hold and an average target price of $44.50.

United Bankshares (UBSI) traded down $0.70 during mid-day trading on Thursday, hitting $35.00. The stock had a trading volume of 567,640 shares, compared to its average volume of 534,746. The firm has a market capitalization of $3,674.72, a P/E ratio of 18.42, a P/E/G ratio of 1.83 and a beta of 1.05. United Bankshares has a 1-year low of $31.70 and a 1-year high of $49.35. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.06 and a quick ratio of 1.04.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.01). The firm had revenue of $188.51 million during the quarter, compared to analyst estimates of $193.87 million. United Bankshares had a net margin of 24.94% and a return on equity of 6.25%. United Bankshares’s revenue was up 44.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 earnings per share. equities research analysts expect that United Bankshares will post 1.92 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be issued a $0.34 dividend. This is an increase from United Bankshares’s previous quarterly dividend of $0.33. This represents a $1.36 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Thursday, December 7th. United Bankshares’s dividend payout ratio is presently 71.58%.

United Bankshares announced that its board has authorized a stock buyback plan on Monday, August 28th that permits the company to repurchase 2,000,000 shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

In related news, Director Gary G. White purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was purchased at an average cost of $33.33 per share, with a total value of $33,330.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.23% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC acquired a new stake in United Bankshares in the second quarter valued at $135,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in United Bankshares by 62.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,053 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 1,563 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in United Bankshares in the third quarter valued at $216,000. Riverhead Capital Management LLC lifted its holdings in United Bankshares by 102.8% in the second quarter. Riverhead Capital Management LLC now owns 5,678 shares of the financial services provider’s stock valued at $223,000 after acquiring an additional 2,878 shares during the period. Finally, Engineers Gate Manager LP acquired a new stake in United Bankshares in the third quarter valued at $241,000. 65.56% of the stock is owned by hedge funds and other institutional investors.

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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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