United Bankshares’ (UBSI) Equal Weight Rating Reaffirmed at Stephens

Stephens reaffirmed their equal weight rating on shares of United Bankshares (NASDAQ:UBSI) in a research note released on Monday,Benzinga reports. Stephens currently has a $43.00 price target on the financial services provider’s stock.

Separately, StockNews.com raised shares of United Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th.

United Bankshares Trading Down 0.4 %

Shares of UBSI opened at $38.31 on Monday. The stock’s fifty day simple moving average is $39.31 and its 200 day simple moving average is $38.29. United Bankshares has a twelve month low of $30.68 and a twelve month high of $44.43. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $5.18 billion, a P/E ratio of 14.51 and a beta of 1.03.

United Bankshares (NASDAQ:UBSI) last issued its earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. United Bankshares had a return on equity of 7.58% and a net margin of 22.05%. During the same quarter in the previous year, the company posted $0.59 earnings per share. On average, equities research analysts forecast that United Bankshares will post 2.73 earnings per share for the current year.

United Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend was Friday, December 13th. United Bankshares’s dividend payout ratio (DPR) is 54.01%.

Insider Buying and Selling at United Bankshares

In related news, Director J Paul Mcnamara sold 2,500 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.86, for a total value of $107,150.00. Following the completion of the transaction, the director now owns 63,409 shares of the company’s stock, valued at approximately $2,717,709.74. This represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark R. Nesselroad sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $39.16, for a total value of $234,960.00. Following the completion of the transaction, the director now directly owns 35,424 shares in the company, valued at approximately $1,387,203.84. The trade was a 14.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,500 shares of company stock valued at $542,110 in the last ninety days. Insiders own 3.66% of the company’s stock.

Institutional Investors Weigh In On United Bankshares

A number of institutional investors have recently modified their holdings of UBSI. Victory Capital Management Inc. grew its position in shares of United Bankshares by 0.4% in the 3rd quarter. Victory Capital Management Inc. now owns 3,997,311 shares of the financial services provider’s stock worth $148,300,000 after acquiring an additional 14,833 shares in the last quarter. Geode Capital Management LLC increased its stake in United Bankshares by 1.7% during the third quarter. Geode Capital Management LLC now owns 3,306,542 shares of the financial services provider’s stock valued at $122,695,000 after purchasing an additional 53,994 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of United Bankshares by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,673,056 shares of the financial services provider’s stock worth $62,070,000 after purchasing an additional 83,503 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of United Bankshares by 3.5% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,612,170 shares of the financial services provider’s stock valued at $60,538,000 after buying an additional 54,089 shares during the period. Finally, Fisher Asset Management LLC grew its position in shares of United Bankshares by 1.4% during the 3rd quarter. Fisher Asset Management LLC now owns 1,221,493 shares of the financial services provider’s stock valued at $45,317,000 after buying an additional 16,782 shares during the last quarter. Institutional investors and hedge funds 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.