Keefe, Bruyette & Woods Raises United Bankshares (NASDAQ:UBSI) Price Target to $40.00

United Bankshares (NASDAQ:UBSI) had its price target boosted by research analysts at Keefe, Bruyette & Woods from $38.00 to $40.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 4.36% from the stock’s previous close.

Separately, Stephens lowered their price target on United Bankshares from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $37.50.

United Bankshares Stock Up 3.5 %

UBSI opened at $38.33 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 14.63 and a beta of 1.00. The business has a 50-day moving average of $33.09 and a two-hundred day moving average of $34.17. United Bankshares has a 12 month low of $25.35 and a 12 month high of $38.95.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.71 EPS for the quarter, beating 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 return on equity of 7.72% and a net margin of 22.51%. The firm’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. On average, research analysts expect that United Bankshares will post 2.61 earnings per share for the current year.

Institutional Trading of United Bankshares

A number of institutional investors have recently modified their holdings of UBSI. Vanguard Group Inc. lifted its position in United Bankshares by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 14,202,951 shares of the financial services provider’s stock worth $533,321,000 after acquiring an additional 71,359 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of United Bankshares by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,291,001 shares of the financial services provider’s stock valued at $273,782,000 after acquiring an additional 172,997 shares during the last quarter. Victory Capital Management Inc. increased its holdings 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 during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of United Bankshares by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,486,804 shares of the financial services provider’s stock valued at $55,829,000 after acquiring an additional 60,465 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in United Bankshares by 1.8% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,334,931 shares of the financial services provider’s stock worth $43,305,000 after buying an additional 23,640 shares during 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.