United Bankshares (NASDAQ:UBSI) PT Raised to $39.00 at Stephens

United Bankshares (NASDAQ:UBSI) had its price target upped by Stephens from $36.00 to $39.00 in a report released on Friday, Benzinga reports. The brokerage currently has an equal weight rating on the financial services provider’s stock.

Other equities research analysts have also issued research reports about the company. DA Davidson upped their price target on United Bankshares from $36.00 to $41.00 and gave the company a neutral rating in a research report on Friday. Keefe, Bruyette & Woods lifted their price objective on United Bankshares from $38.00 to $40.00 and gave the stock a market perform rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $39.20.

United Bankshares Stock Down 2.0 %

NASDAQ:UBSI opened at $38.55 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.00 and a quick ratio of 1.00. United Bankshares has a one year low of $25.35 and a one year high of $39.86. The firm’s 50 day simple moving average is $33.27 and its 200 day simple moving average is $34.16. The company has a market cap of $5.21 billion, a PE ratio of 14.71 and a beta of 1.00.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.71 EPS 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 company had revenue of $255.94 million for the quarter, compared to analyst estimates of $255.54 million. During the same quarter in the previous year, the business earned $0.68 earnings per share. United Bankshares’s revenue was down 2.6% compared to the same quarter last year. On average, research analysts anticipate that United Bankshares will post 2.64 earnings per share for the current year.

United Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 14th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.48 dividend on an annualized basis and a yield of 3.84%. United Bankshares’s payout ratio is currently 56.49%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. grew its stake in United Bankshares by 14.8% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,311,291 shares of the financial services provider’s stock worth $46,931,000 after purchasing an additional 169,200 shares during the period. UBS Group AG grew its position in shares of United Bankshares by 77.5% during the 4th quarter. UBS Group AG now owns 316,889 shares of the financial services provider’s stock worth $11,899,000 after buying an additional 138,317 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of United Bankshares by 58.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 91,471 shares of the financial services provider’s stock worth $3,435,000 after buying an additional 33,812 shares during the period. Victory Capital Management Inc. increased its stake in shares of United Bankshares by 2,745.7% in the 4th quarter. Victory Capital Management Inc. now owns 2,835,545 shares of the financial services provider’s stock valued at $106,475,000 after acquiring an additional 2,735,901 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of United Bankshares by 77.8% during the 1st quarter. BNP Paribas Financial Markets now owns 69,932 shares of the financial services provider’s stock valued at $2,503,000 after acquiring an additional 30,590 shares during the period. 70.80% of the stock is owned by institutional investors and hedge funds.

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.