Keefe, Bruyette & Woods Trims United Bankshares (NASDAQ:UBSI) Target Price to $38.00

United Bankshares (NASDAQ:UBSI) had its price objective reduced by Keefe, Bruyette & Woods from $40.00 to $38.00 in a research report sent to investors on Friday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider’s stock.

A number of other research analysts have also weighed in on UBSI. Raymond James boosted their target price on United Bankshares from $38.00 to $41.00 and gave the stock an outperform rating in a report on Friday, January 5th. Stephens dropped their price objective on shares of United Bankshares from $36.00 to $34.00 and set an equal weight rating on the stock in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $37.00.

United Bankshares Stock Performance

Shares of UBSI stock opened at $33.96 on Friday. United Bankshares has a 12 month low of $25.35 and a 12 month high of $38.74. The company’s fifty day simple moving average is $34.08 and its 200-day simple moving average is $34.23. The firm has a market cap of $4.59 billion, a PE ratio of 12.96 and a beta of 1.01. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.36.

United Bankshares (NASDAQ:UBSI) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). The company had revenue of $401.39 million for the quarter, compared to the consensus estimate of $256.80 million. United Bankshares had a return on equity of 7.72% and a net margin of 22.51%. During the same quarter in the previous year, the company posted $0.74 EPS. Equities research analysts expect that United Bankshares will post 2.63 EPS for the current fiscal year.

United Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 8th were given a $0.37 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.48 dividend on an annualized basis and a yield of 4.36%. United Bankshares’s dividend payout ratio is currently 56.49%.

Institutional Trading of United Bankshares

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in United Bankshares by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 14,202,951 shares of the financial services provider’s stock worth $533,321,000 after buying an additional 71,359 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of United Bankshares by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,291,001 shares of the financial services provider’s stock valued at $273,782,000 after acquiring an additional 172,997 shares during the period. Earnest Partners LLC increased its stake in shares of United Bankshares by 4.8% during the 3rd quarter. Earnest Partners LLC now owns 3,375,991 shares of the financial services provider’s stock worth $93,144,000 after purchasing an additional 155,891 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of United Bankshares by 2,745.7% in the 4th quarter. Victory Capital Management Inc. now owns 2,835,545 shares of the financial services provider’s stock worth $106,475,000 after purchasing an additional 2,735,901 shares during the period. Finally, Northern Trust Corp lifted its stake in United Bankshares by 1.8% in the third quarter. Northern Trust Corp now owns 1,638,500 shares of the financial services provider’s stock valued at $45,206,000 after purchasing an additional 28,641 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.