BidaskClub Downgrades United Bankshares (NASDAQ:UBSI) to Hold

United Bankshares (NASDAQ:UBSI) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Saturday, BidAskClub reports.

UBSI has been the subject of a number of other reports. Zacks Investment Research raised United Bankshares from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Wednesday, April 3rd. Boenning Scattergood reissued a “neutral” rating on shares of United Bankshares in a research note on Thursday, April 25th.

Shares of UBSI stock opened at $36.74 on Friday. The company has a market cap of $3.76 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 1.81 and a beta of 1.27. United Bankshares has a 12-month low of $29.13 and a 12-month high of $39.95. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.58.

United Bankshares (NASDAQ:UBSI) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $176.38 million during the quarter, compared to the consensus estimate of $174.76 million. United Bankshares had a return on equity of 7.93% and a net margin of 29.74%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 EPS. On average, equities research analysts expect that United Bankshares will post 2.53 earnings per share for the current year.

Several hedge funds have recently modified their holdings of UBSI. Toronto Dominion Bank purchased a new position in shares of United Bankshares during the 4th quarter worth approximately $40,000. Oregon Public Employees Retirement Fund raised its stake in shares of United Bankshares by 3,011.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,291,812 shares of the financial services provider’s stock worth $42,000 after buying an additional 1,250,288 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in shares of United Bankshares by 60.3% during the 4th quarter. Rehmann Capital Advisory Group now owns 1,334 shares of the financial services provider’s stock worth $42,000 after buying an additional 502 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of United Bankshares during the 1st quarter worth approximately $112,000. Finally, Bessemer Group Inc. raised its stake in shares of United Bankshares by 381.0% during the 4th quarter. Bessemer Group Inc. now owns 4,021 shares of the financial services provider’s stock worth $125,000 after buying an additional 3,185 shares in the last quarter. 72.77% of the stock is owned by institutional investors and hedge funds.

United Bankshares Company Profile

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.

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