United Bankshares (NASDAQ:UBSI) Receives Neutral Rating from Boenning Scattergood

Boenning Scattergood reissued their neutral rating on shares of United Bankshares (NASDAQ:UBSI) in a research report report published on Thursday morning, Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. BidaskClub raised United Bankshares from a hold rating to a buy rating in a report on Friday, April 26th. 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 report on Wednesday, April 3rd.

Shares of United Bankshares stock opened at $36.40 on Thursday. United Bankshares has a 12 month low of $29.13 and a 12 month high of $39.95. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.80 and a beta of 1.27. 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 announced its earnings results on Thursday, April 25th. The financial services provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. United Bankshares had a return on equity of 7.93% and a net margin of 29.74%. The business had revenue of $176.38 million during the quarter, compared to analysts’ expectations of $174.76 million. During the same quarter in the prior year, the firm earned $0.59 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. As a group, equities research analysts anticipate that United Bankshares will post 2.53 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be given a $0.34 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.74%. United Bankshares’s dividend payout ratio (DPR) is presently 55.51%.

Several hedge funds have recently bought and sold shares of the company. Connable Office Inc. grew its position in shares of United Bankshares by 3.0% in the first quarter. Connable Office Inc. now owns 10,603 shares of the financial services provider’s stock valued at $384,000 after purchasing an additional 313 shares in the last quarter. Comerica Bank grew its position in shares of United Bankshares by 0.5% in the first quarter. Comerica Bank now owns 80,418 shares of the financial services provider’s stock valued at $3,049,000 after purchasing an additional 370 shares in the last quarter. NTV Asset Management LLC grew its position in shares of United Bankshares by 0.6% in the first quarter. NTV Asset Management LLC now owns 68,708 shares of the financial services provider’s stock valued at $2,490,000 after purchasing an additional 377 shares in the last quarter. First National Bank of Omaha grew its position in shares of United Bankshares by 0.3% in the first quarter. First National Bank of Omaha now owns 135,592 shares of the financial services provider’s stock valued at $4,913,000 after purchasing an additional 424 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its position in shares of United Bankshares by 60.3% in the fourth quarter. Rehmann Capital Advisory Group now owns 1,334 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 502 shares in the last quarter. Institutional investors and hedge funds own 72.75% of the company’s stock.

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.

Further Reading: Growth Stocks

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