Stephens Cuts United Bankshares (NASDAQ:UBSI) Price Target to $34.00

United Bankshares (NASDAQ:UBSI) had its price objective decreased by Stephens from $36.00 to $34.00 in a research note issued to investors on Friday morning, Benzinga reports. Stephens currently has an equal weight rating on the financial services provider’s stock.

Separately, Raymond James lifted their price objective on shares of United Bankshares from $38.00 to $41.00 and gave the stock an outperform rating in a research report on Friday, January 5th.

United Bankshares Trading Down 2.2 %

NASDAQ UBSI opened at $32.61 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 1.00. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 12.45 and a beta of 1.00. The company’s 50-day simple moving average is $34.22 and its two-hundred day simple moving average is $34.02. United Bankshares has a one year low of $25.35 and a one year high of $38.74.

United Bankshares (NASDAQ:UBSI) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The business had revenue of $401.39 million for the quarter, compared to analysts’ expectations of $256.80 million. United Bankshares had a net margin of 22.51% and a return on equity of 7.72%. During the same period last year, the business posted $0.74 EPS. Equities analysts forecast that United Bankshares will post 2.64 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date was Thursday, March 7th. United Bankshares’s payout ratio is currently 56.49%.

Institutional Trading of United Bankshares

A number of institutional investors have recently bought and sold shares of UBSI. Fifth Third Bancorp boosted its stake in United Bankshares by 206.0% in the 4th quarter. Fifth Third Bancorp now owns 976 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 657 shares in the last quarter. Key Financial Inc boosted its stake in United Bankshares by 735.6% in the 3rd quarter. Key Financial Inc now owns 1,830 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 1,611 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in United Bankshares by 449.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,345 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 1,100 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in United Bankshares in the 4th quarter worth approximately $58,000. Finally, Anchor Investment Management LLC acquired a new stake in United Bankshares in the 4th quarter worth approximately $95,000. 70.80% of the stock is currently owned by institutional investors and hedge funds.

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.