United Bankshares (NASDAQ:UBSI) Stock Rating Lowered by StockNews.com

United Bankshares (NASDAQ:UBSI) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Other research analysts also recently issued research reports about the stock. DA Davidson upped 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. 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 report on Friday, July 26th. Finally, Stephens increased their price target 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, United Bankshares presently has an average rating of “Hold” and a consensus price target of $40.25.

United Bankshares Stock Down 0.1 %

Shares of NASDAQ UBSI opened at $36.79 on Thursday. The firm has a market cap of $4.97 billion, a P/E ratio of 14.04 and a beta of 0.99. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.99 and a current ratio of 1.00. United Bankshares has a 1 year low of $25.35 and a 1 year high of $39.93. The firm’s 50 day moving average price is $37.21 and its 200 day moving average price is $34.69.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.07. The business had revenue of $255.94 million for 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 22.44%. The business’s revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 earnings per share. As a group, sell-side analysts anticipate that United Bankshares will post 2.7 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of United Bankshares in the fourth quarter worth $45,308,000. ProShare Advisors LLC increased its holdings in United Bankshares by 110.4% in the 2nd quarter. ProShare Advisors LLC now owns 2,206,434 shares of the financial services provider’s stock valued at $71,577,000 after purchasing an additional 1,157,579 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in United Bankshares by 14.8% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,311,291 shares of the financial services provider’s stock valued at $46,931,000 after purchasing an additional 169,200 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of United Bankshares by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 7,907,665 shares of the financial services provider’s stock worth $256,521,000 after purchasing an additional 142,545 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of United Bankshares by 77.5% in the fourth 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. 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.