Brokerages Set United Bankshares, Inc. (NASDAQ:UBSI) Target Price at $40.50

Shares of United Bankshares, Inc. (NASDAQ:UBSI) have received a consensus rating of “Hold” from the five brokerages that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $40.50.

Several research analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of United Bankshares in a research note on Saturday, September 27th. Zacks Research upgraded shares of United Bankshares to a “hold” rating in a research note on Friday, August 8th.

United Bankshares Stock Up 1.3%

United Bankshares stock opened at $37.19 on Friday. The firm has a market cap of $5.27 billion, a PE ratio of 13.14 and a beta of 0.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s 50 day moving average price is $37.23 and its two-hundred day moving average price is $36.11. United Bankshares has a twelve month low of $30.50 and a twelve month high of $44.43.

United Bankshares (NASDAQ:UBSI) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.08. The firm had revenue of $306.00 million for the quarter, compared to analyst estimates of $297.98 million. United Bankshares had a net margin of 23.14% and a return on equity of 7.65%. During the same quarter in the prior year, the business earned $0.71 EPS. On average, research analysts predict that United Bankshares will post 2.81 EPS for the current fiscal year.

United Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, September 12th. This represents a $1.48 annualized dividend and a dividend yield of 4.0%. United Bankshares’s dividend payout ratio is 52.30%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its stake in shares of United Bankshares by 13.9% during the 3rd quarter. GAMMA Investing LLC now owns 2,844 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 347 shares during the last quarter. Cape Investment Advisory Inc. bought a new stake in shares of United Bankshares during the 2nd quarter worth $107,000. Wellington Capital Management Inc. bought a new stake in shares of United Bankshares during the 2nd quarter worth $332,000. Tower Research Capital LLC TRC boosted its holdings in shares of United Bankshares by 83.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 15,261 shares of the financial services provider’s stock worth $556,000 after buying an additional 6,925 shares during the period. Finally, Corient Private Wealth LLC boosted its holdings in shares of United Bankshares by 98.2% during the 2nd quarter. Corient Private Wealth LLC now owns 15,024 shares of the financial services provider’s stock worth $547,000 after buying an additional 7,442 shares during the period. Institutional investors and hedge funds 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.