United Bankshares, Inc. (NASDAQ:UBSI) Given Consensus Recommendation of “Hold” by Brokerages

United Bankshares, Inc. (NASDAQ:UBSI) has earned a consensus rating of “Hold” from the seven research firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $47.80.

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of United Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Raymond James Financial upped their target price on shares of United Bankshares from $49.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Weiss Ratings restated a “buy (b)” rating on shares of United Bankshares in a research note on Monday, July 6th. Hovde Group upped their price objective on United Bankshares from $49.00 to $50.00 and gave the company a “market perform” rating in a research note on Friday, July 24th. Finally, Keefe, Bruyette & Woods increased their target price on United Bankshares from $46.00 to $48.00 and gave the stock a “market perform” rating in a report on Monday, July 27th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of UBSI. Inspire Investing LLC lifted its holdings in shares of United Bankshares by 2.0% during the first quarter. Inspire Investing LLC now owns 12,389 shares of the financial services provider’s stock worth $513,000 after buying an additional 245 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in United Bankshares by 24.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,492 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 292 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in United Bankshares by 1.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 27,609 shares of the financial services provider’s stock valued at $1,060,000 after purchasing an additional 297 shares during the period. Root Financial Partners LLC grew its position in shares of United Bankshares by 64.4% during the 1st quarter. Root Financial Partners LLC now owns 786 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 308 shares in the last quarter. Finally, Rothschild Investment LLC grew its position in shares of United Bankshares by 47.5% during the 4th quarter. Rothschild Investment LLC now owns 1,236 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 398 shares in the last quarter. 70.80% of the stock is currently owned by institutional investors and hedge funds.

United Bankshares Stock Performance

United Bankshares stock opened at $47.81 on Monday. The business has a 50 day moving average price of $47.11 and a two-hundred day moving average price of $44.28. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.10. United Bankshares has a 12 month low of $34.10 and a 12 month high of $49.62. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 13.03 and a beta of 0.71.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. The company had revenue of $35.72 million for the quarter, compared to analyst estimates of $320.07 million. United Bankshares had a return on equity of 9.39% and a net margin of 27.97%.During the same quarter last year, the firm earned $0.85 EPS. As a group, equities analysts forecast that United Bankshares will post 3.71 EPS for the current year.

United Bankshares Company Profile

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.