Investment Analysts’ Weekly Ratings Changes for United Bankshares (UBSI)

United Bankshares (NASDAQ: UBSI) recently received a number of ratings updates from brokerages and research firms:

  • 10/19/2019 – United Bankshares was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 10/18/2019 – United Bankshares was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “United Bankshares, Inc. is a bank holding company whose business is the operation of its bank subsidiaries. All of United’s subsidiary banks are full-service commercial banks. Included among the banking services offered are the acceptance of deposits in checking, savings, time and money market accounts; the making and servicing of personal, commercial, floor plan and student loans; and the making of construction and real estate loans. Also offered are individual retirement accounts, safe deposit boxes, wire transfers and other standard banking products and services. “
  • 10/11/2019 – United Bankshares was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “United Bankshares, Inc. is a bank holding company whose business is the operation of its bank subsidiaries. All of United’s subsidiary banks are full-service commercial banks. Included among the banking services offered are the acceptance of deposits in checking, savings, time and money market accounts; the making and servicing of personal, commercial, floor plan and student loans; and the making of construction and real estate loans. Also offered are individual retirement accounts, safe deposit boxes, wire transfers and other standard banking products and services. “
  • 10/5/2019 – United Bankshares was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “United Bankshares, Inc. is a bank holding company whose business is the operation of its bank subsidiaries. All of United’s subsidiary banks are full-service commercial banks. Included among the banking services offered are the acceptance of deposits in checking, savings, time and money market accounts; the making and servicing of personal, commercial, floor plan and student loans; and the making of construction and real estate loans. Also offered are individual retirement accounts, safe deposit boxes, wire transfers and other standard banking products and services. “
  • 10/2/2019 – United Bankshares was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 9/24/2019 – United Bankshares was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 9/14/2019 – United Bankshares was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Shares of United Bankshares stock opened at $38.49 on Monday. The firm has a market capitalization of $3.90 billion, a PE ratio of 15.71 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.04 and a quick ratio of 1.01. The company’s fifty day moving average price is $37.80 and its two-hundred day moving average price is $37.33. United Bankshares, Inc. has a 52-week low of $29.13 and a 52-week high of $39.98.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.02. The firm had revenue of $190.35 million for the quarter, compared to analyst estimates of $183.29 million. United Bankshares had a net margin of 29.01% and a return on equity of 7.90%. During the same quarter in the previous year, the firm posted $0.63 EPS. Analysts predict that United Bankshares, Inc. will post 2.53 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend was Thursday, September 12th. United Bankshares’s dividend payout ratio (DPR) is presently 55.51%.

In other United Bankshares news, Director Mary K. Weddle purchased 2,300 shares of the stock in a transaction on Thursday, August 15th. The shares were purchased at an average price of $35.19 per share, with a total value of $80,937.00. Following the acquisition, the director now directly owns 11,776 shares of the company’s stock, valued at approximately $414,397.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.62% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in shares of United Bankshares by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,400,515 shares of the financial services provider’s stock worth $51,944,000 after purchasing an additional 9,420 shares during the last quarter. Silvercrest Asset Management Group LLC grew its holdings in shares of United Bankshares by 3.3% in the 2nd quarter. Silvercrest Asset Management Group LLC now owns 1,150,550 shares of the financial services provider’s stock worth $42,674,000 after purchasing an additional 36,975 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of United Bankshares by 46.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 956,448 shares of the financial services provider’s stock worth $35,197,000 after purchasing an additional 303,402 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of United Bankshares by 1.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 765,429 shares of the financial services provider’s stock worth $28,390,000 after purchasing an additional 7,682 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of United Bankshares by 10.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 431,244 shares of the financial services provider’s stock worth $15,995,000 after purchasing an additional 40,550 shares during the last quarter. 70.15% of the stock is currently owned by institutional investors and hedge funds.

United Bankshares, Inc, a financial holding company, 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.

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