Brokerages Set United Bankshares, Inc. (NASDAQ:UBSI) PT at $44.67

United Bankshares, Inc. (NASDAQ:UBSI) has earned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $44.6667.

Several brokerages have commented on UBSI. Piper Sandler restated an “overweight” rating and set a $47.00 target price on shares of United Bankshares in a report on Monday, January 26th. Zacks Research raised shares of United Bankshares from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of United Bankshares in a report on Monday, December 29th. Keefe, Bruyette & Woods boosted their price objective on shares of United Bankshares from $40.00 to $43.00 and gave the company a “market perform” rating in a research report on Monday, January 26th. Finally, Stephens upped their target price on shares of United Bankshares from $40.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd.

Institutional Investors Weigh In On United Bankshares

Institutional investors have recently bought and sold shares of the company. Ameritas Advisory Services LLC bought a new position in shares of United Bankshares during the 2nd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of United Bankshares in the third quarter worth $25,000. Hantz Financial Services Inc. boosted its holdings in United Bankshares by 261.8% during the second quarter. Hantz Financial Services Inc. now owns 749 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 542 shares during the last quarter. Bogart Wealth LLC grew its position in United Bankshares by 655.4% in the third quarter. Bogart Wealth LLC now owns 763 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 662 shares in the last quarter. Finally, Rothschild Investment LLC grew its position in United Bankshares by 174.8% in the third quarter. Rothschild Investment LLC now owns 838 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 533 shares in the last quarter. Institutional investors own 70.80% of the company’s stock.

United Bankshares Stock Performance

UBSI stock opened at $45.52 on Thursday. United Bankshares has a 1-year low of $30.50 and a 1-year high of $45.93. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.10. The firm has a market cap of $6.39 billion, a PE ratio of 13.92 and a beta of 0.78. The business’s 50-day moving average price is $40.31 and its two-hundred day moving average price is $38.04.

United Bankshares (NASDAQ:UBSI) last released its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. United Bankshares had a return on equity of 8.60% and a net margin of 25.51%.The company had revenue of $430.85 million for the quarter, compared to analyst estimates of $315.50 million. During the same quarter last year, the firm posted $0.69 earnings per share. As a group, research analysts forecast that United Bankshares will post 2.81 earnings per share for the current year.

United Bankshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were given a dividend of $0.38 per share. This is an increase from United Bankshares’s previous quarterly dividend of $0.37. This represents a $1.52 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, December 12th. United Bankshares’s payout ratio is currently 46.48%.

United Bankshares Company Profile

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.