United Bankshares, Inc. (NASDAQ:UBSI) Receives $41.83 Average Target Price from Analysts

United Bankshares, Inc. (NASDAQ:UBSI) has been given a consensus recommendation of “Hold” by the five analysts that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $41.8333.

A number of brokerages have issued reports on UBSI. Piper Sandler set a $42.50 price target on United Bankshares and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Bankshares in a research report on Monday, December 29th. Finally, Zacks Research cut shares of United Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd.

United Bankshares Stock Performance

UBSI opened at $39.90 on Friday. The firm has a fifty day moving average price of $38.23 and a 200 day moving average price of $37.43. United Bankshares has a 1 year low of $30.50 and a 1 year high of $40.90. The stock has a market cap of $5.60 billion, a P/E ratio of 13.08 and a beta of 0.78. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.98.

United Bankshares (NASDAQ:UBSI) last released its quarterly earnings data on Thursday, October 23rd. The financial services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.10. The company had revenue of $280.90 million during the quarter, compared to analysts’ expectations of $307.78 million. United Bankshares had a net margin of 24.37% and a return on equity of 8.15%. During the same quarter in the previous year, the company earned $0.70 earnings per share. Equities research analysts anticipate that United Bankshares will post 2.81 earnings per share for the current year.

United Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.8%. This is a positive change from United Bankshares’s previous quarterly dividend of $0.37. The ex-dividend date was Friday, December 12th. United Bankshares’s dividend payout ratio (DPR) is 49.84%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp boosted its stake in United Bankshares by 2.9% during the third quarter. Jones Financial Companies Lllp now owns 12,266 shares of the financial services provider’s stock worth $458,000 after buying an additional 343 shares during the last quarter. GAMMA Investing LLC raised its holdings 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 acquiring an additional 347 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of United Bankshares by 14.9% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,699 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 351 shares during the last quarter. Lynx Investment Advisory boosted its position in shares of United Bankshares by 3.5% during the 2nd quarter. Lynx Investment Advisory now owns 10,670 shares of the financial services provider’s stock valued at $389,000 after acquiring an additional 356 shares during the last quarter. Finally, Braun Bostich & Associates Inc. grew its holdings in shares of United Bankshares by 4.4% in the third quarter. Braun Bostich & Associates Inc. now owns 9,256 shares of the financial services provider’s stock valued at $344,000 after purchasing an additional 387 shares during the period. Institutional investors and hedge funds own 70.80% of the company’s stock.

About United Bankshares

United Bankshares, Inc, headquartered in Charleston, West Virginia, is a bank holding company that provides a full range of financial services through its primary subsidiary, United Bank. The company’s core offerings include retail and commercial banking products such as checking and savings accounts, certificates of deposit, personal and business loans, mortgages, and treasury management services. In addition, United Bankshares delivers private banking, wealth management, trust and fiduciary solutions, and investment advisory services to meet the needs of individual, corporate, and institutional clients.

United Bankshares operates an extensive branch network across West Virginia, Virginia, Maryland, the District of Columbia, Ohio, Pennsylvania, and South Carolina.