DA Davidson Raises Earnings Estimates for United Bankshares

United Bankshares, Inc. (NASDAQ:UBSI) – Research analysts at DA Davidson lifted their FY2025 earnings per share estimates for shares of United Bankshares in a note issued to investors on Tuesday, February 4th. DA Davidson analyst M. Navas now forecasts that the financial services provider will post earnings per share of $2.90 for the year, up from their prior estimate of $2.86. The consensus estimate for United Bankshares’ current full-year earnings is $2.82 per share.

A number of other brokerages have also commented on UBSI. StockNews.com lowered shares of United Bankshares from a “hold” rating to a “sell” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods cut their price objective on United Bankshares from $46.00 to $45.00 and set a “market perform” rating for the company in a research report on Monday, January 27th. Finally, Stephens reiterated an “equal weight” rating and set a $43.00 target price on shares of United Bankshares in a research report on Monday, January 27th.

United Bankshares Price Performance

UBSI opened at $38.75 on Thursday. The stock has a fifty day simple moving average of $38.88 and a two-hundred day simple moving average of $38.34. United Bankshares has a 12-month low of $30.68 and a 12-month high of $44.43. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 14.14 and a beta of 1.02. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11.

United Bankshares (NASDAQ:UBSI) last issued its earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. United Bankshares had a return on equity of 7.60% and a net margin of 22.94%. During the same quarter in the previous year, the firm posted $0.59 earnings per share.

United Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.82%. The ex-dividend date was Friday, December 13th. United Bankshares’s dividend payout ratio is currently 54.01%.

Insiders Place Their Bets

In other United Bankshares news, Director J Paul Mcnamara sold 2,500 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were 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 in the company, valued at $2,717,709.74. The trade was a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mark R. Nesselroad sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $39.16, for a total transaction of $234,960.00. Following the transaction, the director now owns 35,424 shares of the company’s stock, valued at $1,387,203.84. This trade represents a 14.48 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.66% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UBSI. Vaughan Nelson Investment Management L.P. boosted its position in shares of United Bankshares by 16.7% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,558,081 shares of the financial services provider’s stock worth $57,805,000 after purchasing an additional 223,150 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of United Bankshares in the 4th quarter worth about $7,383,000. Point72 Asset Management L.P. acquired a new position in shares of United Bankshares during the 3rd quarter valued at $6,186,000. Barclays PLC boosted its holdings in United Bankshares by 89.5% in the 3rd quarter. Barclays PLC now owns 269,852 shares of the financial services provider’s stock worth $10,012,000 after acquiring an additional 127,486 shares during the period. Finally, Systematic Financial Management LP grew its stake in shares of United Bankshares by 40.1% during the third quarter. Systematic Financial Management LP now owns 391,028 shares of the financial services provider’s stock valued at $14,507,000 after acquiring an additional 111,989 shares in the last quarter. Hedge funds and other institutional investors 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.