United Bankshares, Inc. (NASDAQ:UBSI) has earned an average rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $42.25.
A number of brokerages recently weighed in on UBSI. Zacks Investment Research cut shares of United Bankshares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. BidaskClub upgraded shares of United Bankshares from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Sandler O’Neill set a $38.00 target price on shares of United Bankshares and gave the stock a “hold” rating in a research note on Thursday, January 4th. Finally, Boenning Scattergood restated a “hold” rating on shares of United Bankshares in a research note on Friday, October 27th.
Shares of United Bankshares (NASDAQ:UBSI) traded up $0.55 during trading hours on Friday, reaching $37.05. 642,600 shares of the company were exchanged, compared to its average volume of 727,419. The firm has a market cap of $3,889.97, a PE ratio of 23.75, a P/E/G ratio of 1.86 and a beta of 1.05. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.02 and a current ratio of 1.04. United Bankshares has a 12-month low of $31.70 and a 12-month high of $46.35.
In other news, Director Peter A. Converse sold 69,020 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $37.03, for a total value of $2,555,810.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael P. Fitzgerald sold 27,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $37.05, for a total transaction of $1,000,350.00. The disclosure for this sale can be found here. 6.23% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in UBSI. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of United Bankshares by 42.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,765 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 1,712 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new position in shares of United Bankshares in the 3rd quarter valued at about $216,000. Cubist Systematic Strategies LLC purchased a new position in shares of United Bankshares in the 2nd quarter valued at about $248,000. Engineers Gate Manager LP purchased a new position in shares of United Bankshares in the 3rd quarter valued at about $241,000. Finally, Connable Office Inc. increased its holdings in shares of United Bankshares by 31.5% in the 3rd quarter. Connable Office Inc. now owns 7,134 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 1,708 shares in the last quarter. Institutional investors own 67.78% of the company’s stock.
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About United Bankshares
United Bankshares, Inc (United) is a bank holding company. The Company operates through community banking segment. United’s Banking Subsidiaries offer a range of commercial and retail banking services and products. United, through its subsidiaries, engages in community banking and offers banking products and services permitted by law and regulation.
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