Stephens Reaffirms Equal Weight Rating for United Bankshares (NASDAQ:UBSI)

United Bankshares (NASDAQ:UBSI)‘s stock had its “equal weight” rating reiterated by Stephens in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $43.00 target price on the financial services provider’s stock. Stephens’ target price would indicate a potential upside of 10.59% from the company’s previous close.

Separately, StockNews.com raised shares of United Bankshares from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th.

United Bankshares Price Performance

United Bankshares stock opened at $38.88 on Monday. United Bankshares has a 52 week low of $30.68 and a 52 week high of $44.43. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. The firm’s 50-day simple moving average is $39.50 and its 200 day simple moving average is $38.22. The firm has a market capitalization of $5.26 billion, a PE ratio of 14.69 and a beta of 1.03.

United Bankshares (NASDAQ:UBSI) last announced 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 net margin of 22.05% and a return on equity of 7.58%. During the same period in the prior year, the business posted $0.59 earnings per share. On average, equities research analysts predict that United Bankshares will post 2.73 EPS for the current fiscal year.

Insider Buying and Selling

In other United Bankshares news, Director Mark R. Nesselroad sold 6,000 shares of the company’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 value of $234,960.00. Following the completion of the transaction, the director now owns 35,424 shares in the company, valued at $1,387,203.84. This represents a 14.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J Paul Mcnamara sold 2,500 shares of the company’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 value of $107,150.00. Following the completion of the transaction, the director now owns 63,409 shares of the company’s stock, valued at approximately $2,717,709.74. This represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,500 shares of company stock valued at $542,110. 3.66% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On United Bankshares

Institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Investment Consultants LLC lifted its stake in United Bankshares by 2.2% during the fourth quarter. Integrated Investment Consultants LLC now owns 12,537 shares of the financial services provider’s stock worth $471,000 after purchasing an additional 270 shares during the last quarter. Inspire Investing LLC lifted its stake in United Bankshares by 2.7% during the third quarter. Inspire Investing LLC now owns 11,095 shares of the financial services provider’s stock worth $412,000 after purchasing an additional 291 shares during the last quarter. HighTower Advisors LLC lifted its stake in United Bankshares by 1.7% during the third quarter. HighTower Advisors LLC now owns 19,542 shares of the financial services provider’s stock worth $730,000 after purchasing an additional 332 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in United Bankshares by 3.6% during the third quarter. Daiwa Securities Group Inc. now owns 12,328 shares of the financial services provider’s stock worth $457,000 after purchasing an additional 427 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in United Bankshares by 2.2% in the fourth quarter. Pacer Advisors Inc. now owns 20,108 shares of the financial services provider’s stock worth $755,000 after buying an additional 432 shares during the period. 70.80% of the stock is currently owned by hedge funds and other 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.