United Bankshares (NASDAQ:UBSI) Price Target Cut to $38.00

United Bankshares (NASDAQ:UBSI) had its target price trimmed by Keefe, Bruyette & Woods from $40.00 to $38.00 in a research report sent to investors on Friday morning, Benzinga reports. The brokerage currently has a market perform rating on the financial services provider’s stock.

UBSI has been the subject of several other reports. Stephens reduced their price objective on United Bankshares from $36.00 to $34.00 and set an equal weight rating for the company in a report on Friday, April 26th. Raymond James boosted their target price on shares of United Bankshares from $38.00 to $41.00 and gave the company an outperform rating in a research note on Friday, January 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $37.00.

United Bankshares Trading Up 0.2 %

NASDAQ:UBSI opened at $34.02 on Friday. The firm has a market capitalization of $4.59 billion, a P/E ratio of 12.98 and a beta of 1.01. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.00 and a quick ratio of 0.99. United Bankshares has a one year low of $25.35 and a one year high of $38.74. The company’s 50-day simple moving average is $34.07 and its 200 day simple moving average is $34.28.

United Bankshares (NASDAQ:UBSI) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The company had revenue of $401.39 million during the quarter, compared to analysts’ expectations of $256.80 million. United Bankshares had a return on equity of 7.72% and a net margin of 22.51%. During the same period in the prior year, the company posted $0.74 earnings per share. As a group, analysts forecast that United Bankshares will post 2.63 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.35%. United Bankshares’s dividend payout ratio is 56.49%.

Institutional Trading of United Bankshares

A number of large investors have recently made changes to their positions in UBSI. Linden Thomas Advisory Services LLC increased its position in shares of United Bankshares by 1.5% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 21,419 shares of the financial services provider’s stock worth $804,000 after acquiring an additional 310 shares during the period. Retirement Systems of Alabama raised its position in United Bankshares by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 168,997 shares of the financial services provider’s stock valued at $6,346,000 after purchasing an additional 517 shares in the last quarter. Inspire Investing LLC lifted its holdings in shares of United Bankshares by 4.9% in the 3rd quarter. Inspire Investing LLC now owns 11,099 shares of the financial services provider’s stock worth $306,000 after buying an additional 522 shares during the period. Arizona State Retirement System grew its position in shares of United Bankshares by 1.5% during the 3rd quarter. Arizona State Retirement System now owns 38,420 shares of the financial services provider’s stock worth $1,060,000 after buying an additional 563 shares in the last quarter. Finally, State of Michigan Retirement System increased its stake in shares of United Bankshares by 1.9% during the first quarter. State of Michigan Retirement System now owns 33,013 shares of the financial services provider’s stock valued at $1,182,000 after buying an additional 600 shares during the period. 70.80% of the stock is owned by hedge funds and other institutional investors.

United Bankshares Company Profile

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.