StockNews.com Upgrades United Bankshares (NASDAQ:UBSI) to Hold

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

UBSI has been the subject of a number of other reports. Stephens raised their price objective on shares of United Bankshares from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. DA Davidson increased their price objective on United Bankshares from $36.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods boosted 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 note on Friday, July 26th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, United Bankshares currently has an average rating of “Hold” and an average price target of $40.25.

United Bankshares Stock Performance

Shares of UBSI stock opened at $38.49 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.99 and a current ratio of 1.00. The stock has a market cap of $5.20 billion, a PE ratio of 14.69 and a beta of 0.99. United Bankshares has a 1 year low of $25.35 and a 1 year high of $39.93. The stock has a fifty day moving average price of $37.04 and a 200 day moving average price of $34.58.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. The firm had revenue of $255.94 million for 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 firm’s revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 EPS. Sell-side analysts forecast that United Bankshares will post 2.7 earnings per share for the current fiscal year.

Institutional Trading of United Bankshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UBSI. Kapitalo Investimentos Ltda purchased a new stake in shares of United Bankshares during the 4th quarter valued at $58,000. GAMMA Investing LLC grew its position 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 valued at $50,000 after acquiring an additional 1,108 shares during the period. New Covenant Trust Company N.A. acquired a new stake in United Bankshares during the first quarter worth about $79,000. Innealta Capital LLC purchased a new position in shares of United Bankshares in the 2nd quarter worth about $116,000. Finally, TFO Wealth Partners LLC lifted its stake in shares of United Bankshares by 47,150.0% in the 4th quarter. TFO Wealth Partners LLC now owns 3,780 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 3,772 shares in the last quarter. Hedge funds and other institutional investors 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.