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

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

A number of other analysts have also recently weighed in on UBSI. 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 report on Friday, July 26th. DA Davidson lifted their price target on shares of United Bankshares from $36.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of United Bankshares from $38.00 to $40.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. One 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $40.25.

United Bankshares Stock Performance

NASDAQ:UBSI opened at $41.64 on Tuesday. United Bankshares has a 12 month low of $29.19 and a 12 month high of $42.95. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $5.63 billion, a PE ratio of 15.77 and a beta of 0.98. The business’s fifty day moving average price is $37.45 and its 200 day moving average price is $35.43.

United Bankshares (NASDAQ:UBSI) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The business had revenue of $414.67 million for the quarter, compared to the consensus estimate of $260.30 million. 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 $0.71 EPS. On average, sell-side analysts anticipate that United Bankshares will post 2.73 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend was Friday, September 13th. United Bankshares’s payout ratio is currently 56.06%.

Insider Transactions at United Bankshares

In related news, Director Peter A. Converse sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $40.00, for a total value of $200,000.00. Following the completion of the sale, the director now owns 434,769 shares in the company, valued at $17,390,760. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.66% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Intech Investment Management LLC purchased a new position in shares of United Bankshares during the third quarter worth about $732,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in United Bankshares by 10.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 468,851 shares of the financial services provider’s stock worth $17,394,000 after acquiring an additional 42,689 shares during the period. Segall Bryant & Hamill LLC grew its stake in shares of United Bankshares by 10.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 213,238 shares of the financial services provider’s stock valued at $7,911,000 after purchasing an additional 20,591 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of United Bankshares by 4.9% in the third quarter. PNC Financial Services Group Inc. now owns 37,149 shares of the financial services provider’s stock valued at $1,378,000 after purchasing an additional 1,744 shares during the period. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of United Bankshares in the third quarter valued at approximately $221,000. 70.80% of the stock is currently owned by institutional investors and hedge funds.

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.