United Bankshares, Inc. (NASDAQ:UBSI) Receives $41.83 Consensus Target Price from Analysts

Shares of United Bankshares, Inc. (NASDAQ:UBSI) have received a consensus rating of “Hold” from the five brokerages that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $41.8333.

UBSI has been the subject of a number of research analyst reports. Piper Sandler set a $42.50 price objective on shares of United Bankshares and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of United Bankshares in a research note on Monday. Finally, Zacks Research downgraded United Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Monday.

Institutional Trading of United Bankshares

Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in United Bankshares by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,741,908 shares of the financial services provider’s stock valued at $288,076,000 after purchasing an additional 24,631 shares in the last quarter. Earnest Partners LLC lifted its position in United Bankshares by 0.4% during the 1st 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 in the last quarter. Victory Capital Management Inc. raised its stake in shares of United Bankshares by 1.2% in the third quarter. Victory Capital Management Inc. now owns 3,624,628 shares of the financial services provider’s stock worth $134,872,000 after acquiring an additional 42,255 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of United Bankshares by 3.2% during the second quarter. Geode Capital Management LLC now owns 3,590,552 shares of the financial services provider’s stock worth $130,817,000 after purchasing an additional 110,305 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of United Bankshares by 367.5% during the second quarter. First Trust Advisors LP now owns 1,935,979 shares of the financial services provider’s stock valued at $70,528,000 after purchasing an additional 1,521,864 shares during the last quarter. Institutional investors and hedge funds own 70.80% of the company’s stock.

United Bankshares Trading Down 1.3%

United Bankshares stock opened at $39.53 on Wednesday. The business’s 50-day simple moving average is $37.15 and its 200-day simple moving average is $37.06. United Bankshares has a 52 week low of $30.50 and a 52 week high of $40.52. The firm has a market capitalization of $5.55 billion, a PE ratio of 12.96 and a beta of 0.81. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.98 and a current ratio of 0.98.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.10. The company had revenue of $280.90 million during the quarter, compared to analyst estimates of $307.78 million. United Bankshares had a return on equity of 8.15% and a net margin of 24.37%.During the same period in the previous year, the company earned $0.70 earnings per share. Equities research analysts forecast that United Bankshares will post 2.81 earnings per share for the current year.

United Bankshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.8%. This is a positive change from United Bankshares’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, December 12th. United Bankshares’s dividend payout ratio (DPR) is currently 49.84%.

About United Bankshares

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.