United Bankshares (NASDAQ:UBSI) Stock Rating Upgraded by StockNews.com

United Bankshares (NASDAQ:UBSI) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

A number of other equities analysts also recently issued reports on UBSI. DA Davidson increased their price target on United Bankshares from $36.00 to $41.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Stephens boosted their price target on shares of United Bankshares from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of United Bankshares from $38.00 to $40.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, United Bankshares currently has an average rating of “Hold” and an average target price of $40.25.

United Bankshares Stock Performance

UBSI opened at $37.53 on Wednesday. The firm has a fifty day moving average price of $36.83 and a 200 day moving average price of $34.53. United Bankshares has a 1 year low of $25.35 and a 1 year high of $39.93. The stock has a market cap of $5.07 billion, a P/E ratio of 14.32 and a beta of 0.99. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.00 and a quick ratio of 0.99.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.07. United Bankshares had a net margin of 22.44% and a return on equity of 7.72%. The business had revenue of $255.94 million during the quarter, compared to the consensus estimate of $255.54 million. During the same quarter in the prior year, the firm posted $0.68 earnings per share. The company’s revenue was down 2.6% compared to the same quarter last year. Equities research analysts anticipate that United Bankshares will post 2.7 earnings per share for the current year.

Hedge Funds Weigh In On United Bankshares

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in United Bankshares by 253.5% during the second quarter. GAMMA Investing LLC now owns 1,545 shares of the financial services provider’s stock worth $50,000 after buying an additional 1,108 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in shares of United Bankshares during the 4th quarter valued at about $58,000. New Covenant Trust Company N.A. purchased a new stake in shares of United Bankshares in the first quarter valued at about $79,000. Innealta Capital LLC purchased a new stake in shares of United Bankshares in the second quarter valued at about $116,000. Finally, TFO Wealth Partners LLC raised its stake in United Bankshares by 47,150.0% during the fourth quarter. TFO Wealth Partners LLC now owns 3,780 shares of the financial services provider’s stock worth $142,000 after purchasing an additional 3,772 shares during the period. 70.80% of the stock is currently 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.