United Bankshares (NASDAQ:UBSI) Upgraded to “Hold” at StockNews.com

United Bankshares (NASDAQ:UBSI) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

UBSI has been the topic of several other reports. Stephens upped their price target on United Bankshares from $36.00 to $39.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods raised their price target on shares of United Bankshares from $38.00 to $40.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. Finally, DA Davidson boosted their price objective on shares of United Bankshares from $36.00 to $41.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, United Bankshares presently has a consensus rating of “Hold” and a consensus target price of $40.25.

United Bankshares Price Performance

Shares of UBSI stock opened at $42.30 on Wednesday. The firm has a fifty day moving average of $37.81 and a two-hundred day moving average of $35.67. The firm has a market cap of $5.72 billion, a P/E ratio of 16.02 and a beta of 0.98. United Bankshares has a 1-year low of $30.68 and a 1-year high of $43.77. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. United Bankshares had a return on equity of 7.58% and a net margin of 22.05%. The business had revenue of $414.67 million during the quarter, compared to the consensus estimate of $260.30 million. During the same period last year, the firm earned $0.71 earnings per share. As a group, research analysts anticipate that United Bankshares will post 2.73 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Peter A. Converse sold 5,000 shares of United Bankshares stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $40.00, for a total value of $200,000.00. Following the sale, the director now directly owns 434,769 shares in the company, valued at $17,390,760. This trade represents a 1.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.66% of the company’s stock.

Institutional Investors Weigh In On United Bankshares

Large investors have recently made changes to their positions in the company. UMB Bank n.a. grew its holdings in United Bankshares by 237.6% in the 3rd quarter. UMB Bank n.a. now owns 844 shares of the financial services provider’s stock worth $31,000 after buying an additional 594 shares in the last quarter. GAMMA Investing LLC boosted its position in United Bankshares by 253.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,545 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 1,108 shares during the period. New Covenant Trust Company N.A. acquired a new position in shares of United Bankshares during the first quarter valued at $79,000. Innealta Capital LLC bought a new stake in shares of United Bankshares during the second quarter valued at about $116,000. Finally, Marathon Strategic Advisors LLC acquired a new stake in United Bankshares in the third quarter worth about $206,000. 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.