United Bankshares (NASDAQ:UBSI) Rating Lowered to Sell at Wall Street Zen

United Bankshares (NASDAQ:UBSI) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Wednesday.

A number of other equities research analysts also recently commented on UBSI. Stephens restated an “equal weight” rating and issued a $43.00 target price on shares of United Bankshares in a research report on Monday, January 27th. Piper Sandler restated a “neutral” rating and issued a $38.50 target price on shares of United Bankshares in a research report on Wednesday, March 12th. Finally, Keefe, Bruyette & Woods cut their price objective on United Bankshares from $42.00 to $40.00 and set a “market perform” rating on the stock in a report on Monday, April 28th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $40.63.

United Bankshares Stock Performance

Shares of United Bankshares stock opened at $36.13 on Wednesday. United Bankshares has a one year low of $30.51 and a one year high of $44.43. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 13.19 and a beta of 0.74. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. The business’s 50 day moving average price is $34.48 and its 200 day moving average price is $37.23.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.07). United Bankshares had a return on equity of 7.60% and a net margin of 22.94%. The company had revenue of $289.61 million for the quarter, compared to analysts’ expectations of $279.02 million. During the same quarter in the previous year, the business posted $0.64 EPS. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, research analysts predict that United Bankshares will post 2.81 EPS for the current year.

Insider Activity at United Bankshares

In related news, Director Sara Dumond bought 2,600 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was purchased at an average cost of $35.01 per share, with a total value of $91,026.00. Following the purchase, the director now directly owns 5,054 shares of the company’s stock, valued at $176,940.54. This trade represents a 105.95% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 3.46% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of UBSI. Barclays PLC grew its stake in United Bankshares by 89.5% during the 3rd quarter. Barclays PLC now owns 269,852 shares of the financial services provider’s stock worth $10,012,000 after purchasing an additional 127,486 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in United Bankshares by 12.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,656 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 608 shares in the last quarter. Brighton Jones LLC boosted its position in shares of United Bankshares by 4.6% during the 4th quarter. Brighton Jones LLC now owns 16,873 shares of the financial services provider’s stock worth $634,000 after acquiring an additional 748 shares in the last quarter. KBC Group NV boosted its position in shares of United Bankshares by 61.7% during the 4th quarter. KBC Group NV now owns 5,916 shares of the financial services provider’s stock worth $222,000 after acquiring an additional 2,258 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of United Bankshares by 2.2% during the 4th quarter. Pacer Advisors Inc. now owns 20,108 shares of the financial services provider’s stock worth $755,000 after acquiring an additional 432 shares in the last quarter. 70.80% of the stock is owned by institutional investors and hedge funds.

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.