Keefe, Bruyette & Woods Lowers United Bankshares (NASDAQ:UBSI) Price Target to $45.00

United Bankshares (NASDAQ:UBSI) had its price objective lowered by Keefe, Bruyette & Woods from $46.00 to $45.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 14.43% from the stock’s current price.

Other equities analysts have also issued reports about the company. StockNews.com raised United Bankshares from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. Stephens reaffirmed an “equal weight” rating and set a $43.00 price target on shares of United Bankshares in a research report on Monday.

United Bankshares Stock Performance

Shares of UBSI stock opened at $39.33 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.97. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 14.94 and a beta of 1.03. United Bankshares has a one year low of $30.68 and a one year high of $44.43. The company has a 50 day moving average price of $39.50 and a 200 day moving average price of $38.22.

United Bankshares (NASDAQ:UBSI) last released its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. United Bankshares had a return on equity of 7.58% and a net margin of 22.05%. During the same quarter in the prior year, the business posted $0.59 earnings per share. Sell-side analysts anticipate that United Bankshares will post 2.73 EPS for the current year.

Insider Activity at United Bankshares

In other United Bankshares news, Director J Paul Mcnamara sold 2,500 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.86, for a total value of $107,150.00. Following the completion of the transaction, the director now directly owns 63,409 shares of the company’s stock, valued at $2,717,709.74. This represents a 3.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Peter A. Converse sold 5,000 shares of the firm’s 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 owns 434,769 shares of the company’s stock, valued at $17,390,760. This represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,500 shares of company stock worth $542,110. 3.66% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. UMB Bank n.a. raised its position in shares of United Bankshares by 237.6% in the 3rd quarter. UMB Bank n.a. now owns 844 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 594 shares in the last quarter. GAMMA Investing LLC raised its holdings in United Bankshares by 34.6% in the third quarter. GAMMA Investing LLC now owns 2,079 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 534 shares in the last quarter. Milestone Asset Management LLC acquired a new stake in United Bankshares in the fourth quarter valued at $201,000. Marathon Strategic Advisors LLC bought a new position in United Bankshares during the 3rd quarter valued at $206,000. Finally, Quest Partners LLC grew its holdings in United Bankshares by 377.2% during the 3rd quarter. Quest Partners LLC now owns 5,641 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 4,459 shares in the last quarter. Hedge funds and other institutional investors 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.