United Bankshares, Inc. (NASDAQ:UBSI) Receives $44.67 Average Price Target from Analysts

United Bankshares, Inc. (NASDAQ:UBSI) has been given an average recommendation of “Hold” by the five analysts that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $44.6667.

UBSI has been the topic of a number of research analyst reports. Stephens boosted their target price on United Bankshares from $40.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Keefe, Bruyette & Woods boosted their target price on United Bankshares from $40.00 to $43.00 and gave the stock a “market perform” rating in a research report on Monday, January 26th. Zacks Research downgraded United Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Weiss Ratings upgraded United Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 13th. Finally, Piper Sandler reiterated an “overweight” rating and set a $47.00 target price on shares of United Bankshares in a research report on Monday, January 26th.

Institutional Trading of United Bankshares

Institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of United Bankshares in the third quarter valued at $25,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of United Bankshares in the fourth quarter valued at $26,000. Bogart Wealth LLC lifted its position in shares of 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 acquiring an additional 662 shares in the last quarter. Rothschild Investment LLC lifted its position in shares of 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 acquiring an additional 533 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of United Bankshares by 196.2% in the fourth quarter. Farther Finance Advisors LLC now owns 856 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 567 shares in the last quarter. 70.80% of the stock is currently owned by hedge funds and other institutional investors.

United Bankshares Stock Up 1.2%

United Bankshares stock opened at $43.91 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.99 and a quick ratio of 0.98. United Bankshares has a 1-year low of $33.70 and a 1-year high of $45.92. The company has a market cap of $6.13 billion, a PE ratio of 13.43 and a beta of 0.73. The stock’s 50 day moving average price is $41.99 and its 200 day moving average price is $39.90.

United Bankshares (NASDAQ:UBSI) last posted its earnings results on Thursday, April 23rd. The financial services provider reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. The company had revenue of $318.14 million for the quarter, compared to the consensus estimate of $315.15 million. United Bankshares had a return on equity of 8.60% and a net margin of 25.51%.During the same period in the previous year, the business earned $0.59 earnings per share. On average, sell-side analysts predict that United Bankshares will post 3.54 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, March 13th. United Bankshares’s payout ratio is presently 46.48%.

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.