United Bankshares (UBSI) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of United Bankshares (NASDAQ:UBSI) from a sell rating to a hold rating in a research note published on Saturday, March 30th, BidAskClub reports.

Separately, Zacks Investment Research cut shares of United Bankshares from a hold rating to a sell rating in a report on Wednesday, December 26th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. United Bankshares has an average rating of Hold and a consensus price target of $39.50.

Shares of NASDAQ UBSI traded down $0.54 during mid-day trading on Friday, reaching $38.25. The company had a trading volume of 333,533 shares, compared to its average volume of 336,490. United Bankshares has a twelve month low of $29.13 and a twelve month high of $39.95. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $3.91 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 1.90 and a beta of 1.26.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Tuesday, January 29th. The financial services provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. The business had revenue of $176.53 million for the quarter, compared to the consensus estimate of $180.53 million. United Bankshares had a net margin of 30.28% and a return on equity of 7.89%. During the same period in the prior year, the business posted $0.53 earnings per share. As a group, analysts predict that United Bankshares will post 2.52 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 8th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date was Thursday, March 7th. United Bankshares’s dividend payout ratio is 55.51%.

In other United Bankshares news, President Richard M. Adams, Jr. sold 14,790 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $37.97, for a total transaction of $561,576.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.62% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank bought a new position in United Bankshares in the fourth quarter valued at approximately $40,000. Rehmann Capital Advisory Group boosted its position in shares of United Bankshares by 60.3% during the fourth quarter. Rehmann Capital Advisory Group now owns 1,334 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 502 shares in the last quarter. FNY Investment Advisers LLC boosted its position in shares of United Bankshares by 97.1% during the fourth quarter. FNY Investment Advisers LLC now owns 1,774 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 874 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of United Bankshares by 985.1% during the third quarter. Captrust Financial Advisors now owns 3,559 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 3,231 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of United Bankshares by 381.0% during the fourth quarter. Bessemer Group Inc. now owns 4,021 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 3,185 shares in the last quarter. 71.85% of the stock is owned by institutional investors and hedge funds.

About United Bankshares

United Bankshares, Inc, a financial holding company, 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.

Featured Story: Cryptocurrencies

Receive News & Ratings for United Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.