United Bankshares (NASDAQ:UBSI) Price Target Lowered to $34.00 at Stephens

United Bankshares (NASDAQ:UBSI) had its price objective reduced by Stephens from $36.00 to $34.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Stephens’ price objective would suggest a potential upside of 1.95% from the stock’s current price.

Separately, Raymond James upped their price objective on shares of United Bankshares from $38.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, United Bankshares presently has a consensus rating of “Hold” and an average price target of $36.67.

United Bankshares Stock Down 0.0 %

Shares of UBSI opened at $33.35 on Friday. The firm has a market cap of $4.50 billion, a P/E ratio of 12.73 and a beta of 1.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 0.98. United Bankshares has a 52 week low of $25.35 and a 52 week high of $38.74. The firm’s 50-day simple moving average is $34.22 and its 200 day simple moving average is $33.93.

United Bankshares (NASDAQ:UBSI) last announced its earnings results on Thursday, April 25th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The business had revenue of $401.39 million for the quarter, compared to analyst estimates of $256.80 million. United Bankshares had a return on equity of 7.77% and a net margin of 22.51%. During the same quarter in the previous year, the company earned $0.74 EPS. On average, analysts forecast that United Bankshares will post 2.64 earnings per share for the current year.

Institutional Investors Weigh In On United Bankshares

Several institutional investors and hedge funds have recently made changes to their positions in UBSI. New York State Teachers Retirement System increased its stake in United Bankshares by 0.6% during the 1st quarter. New York State Teachers Retirement System now owns 133,207 shares of the financial services provider’s stock valued at $4,767,000 after purchasing an additional 800 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in United Bankshares by 2.1% in the 1st quarter. Louisiana State Employees Retirement System now owns 38,700 shares of the financial services provider’s stock worth $1,385,000 after acquiring an additional 800 shares during the last quarter. Wesbanco Bank Inc. boosted its stake in United Bankshares by 11.5% in the 1st quarter. Wesbanco Bank Inc. now owns 123,398 shares of the financial services provider’s stock worth $4,416,000 after purchasing an additional 12,724 shares during the period. Accordant Advisory Group Inc purchased a new stake in shares of United Bankshares in the 1st quarter valued at about $240,000. Finally, State of Michigan Retirement System increased its position in shares of United Bankshares by 1.9% during the 1st quarter. State of Michigan Retirement System now owns 33,013 shares of the financial services provider’s stock valued at $1,182,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 70.80% of the company’s stock.

About United Bankshares

United Bankshares, Inc, through its subsidiaries, 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.