Keefe, Bruyette & Woods Has Lowered Expectations for United Bankshares (NASDAQ:UBSI) Stock Price

United Bankshares (NASDAQ:UBSI) had its target price lowered by Keefe, Bruyette & Woods from $46.00 to $45.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has a market perform rating on the financial services provider’s stock.

Several other research analysts also recently commented on the company. StockNews.com raised United Bankshares from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. Stephens reissued an “equal weight” rating and issued a $43.00 price objective on shares of United Bankshares in a research note on Monday.

United Bankshares Stock Down 0.4 %

UBSI stock opened at $38.31 on Monday. The business’s 50-day moving average is $39.31 and its two-hundred day moving average is $38.29. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 14.51 and a beta of 1.03. United Bankshares has a fifty-two week low of $30.68 and a fifty-two week high of $44.43. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.97.

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

United Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were paid a $0.37 dividend. 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 payout ratio is currently 54.01%.

Insider Transactions at United Bankshares

In other United Bankshares news, Director J Paul Mcnamara sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.86, for a total transaction of $107,150.00. Following the completion of the transaction, the director now owns 63,409 shares in the company, valued at $2,717,709.74. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Peter A. Converse sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 approximately $17,390,760. The trade was a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,500 shares of company stock valued at $542,110. 3.66% of the stock is currently owned by insiders.

Institutional Trading of United Bankshares

Institutional investors and hedge funds have recently made changes to their positions in the business. UMB Bank n.a. increased its stake in United Bankshares by 237.6% in the 3rd quarter. UMB Bank n.a. now owns 844 shares of the financial services provider’s stock worth $31,000 after buying an additional 594 shares during the period. Wilmington Savings Fund Society FSB boosted its holdings in shares of United Bankshares by 1,921.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 1,364 shares during the period. GAMMA Investing LLC increased its holdings in United Bankshares by 34.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,079 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 534 shares during the period. Milestone Asset Management LLC purchased a new stake in shares of United Bankshares in the 4th quarter worth $201,000. Finally, Marathon Strategic Advisors LLC bought a new position in shares of United Bankshares during the 3rd quarter worth $206,000. 70.80% of the stock is currently owned by institutional investors.

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.