United Bankshares (NASDAQ:UBSI) Lowered to “Sell” at StockNews.com

StockNews.com downgraded shares of United Bankshares (NASDAQ:UBSI) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

A number of other equities research analysts have also weighed in on the company. Stephens lifted their price objective on United Bankshares from $36.00 to $39.00 and gave the company an equal weight rating in a report on Friday, July 26th. Keefe, Bruyette & Woods lifted their price target on United Bankshares from $38.00 to $40.00 and gave the stock a market perform rating in a research note on Friday, July 26th. Finally, DA Davidson increased their price objective on shares of United Bankshares from $36.00 to $41.00 and gave the company a neutral rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average target price of $40.25.

United Bankshares Price Performance

United Bankshares stock opened at $36.33 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.00 and a quick ratio of 0.99. The business has a 50 day simple moving average of $36.60 and a 200-day simple moving average of $34.49. United Bankshares has a 12 month low of $25.35 and a 12 month high of $39.93. The stock has a market capitalization of $4.91 billion, a PE ratio of 13.87 and a beta of 0.99.

United Bankshares (NASDAQ:UBSI) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.64 by $0.07. The company had revenue of $255.94 million during the quarter, compared to analysts’ expectations of $255.54 million. United Bankshares had a net margin of 22.44% and a return on equity of 7.72%. The business’s revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the business earned $0.68 EPS. Equities analysts predict that United Bankshares will post 2.7 earnings per share for the current year.

United Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a $0.37 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.07%. United Bankshares’s dividend payout ratio (DPR) is 56.49%.

Institutional Trading of United Bankshares

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in United Bankshares by 253.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,545 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 1,108 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of United Bankshares during the fourth quarter worth $58,000. New Covenant Trust Company N.A. acquired a new position in United Bankshares in the first quarter valued at $79,000. Innealta Capital LLC purchased a new position in United Bankshares during the second quarter worth about $116,000. Finally, Principal Securities Inc. acquired a new stake in United Bankshares in the 4th quarter worth about $141,000. Institutional investors and hedge funds own 70.80% of the company’s stock.

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.