BidaskClub lowered shares of United Bankshares (NASDAQ:UBSI) from a hold rating to a sell rating in a research report report published on Thursday.
UBSI has been the subject of several other research reports. Zacks Investment Research downgraded shares of United Bankshares from a hold rating to a sell rating in a research note on Tuesday, October 31st. Boenning Scattergood restated a hold rating on shares of United Bankshares in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The company has an average rating of Hold and an average target price of $42.00.
United Bankshares (NASDAQ UBSI) traded down $0.10 during trading on Thursday, reaching $34.75. 449,500 shares of the company traded hands, compared to its average volume of 550,033. The firm has a market cap of $3,658.99, a P/E ratio of 18.29, a PEG ratio of 1.54 and a beta of 1.05. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.06 and a quick ratio of 1.04. United Bankshares has a 12-month low of $31.70 and a 12-month high of $46.70.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were paid a $0.34 dividend. This is an increase from United Bankshares’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.36 annualized dividend and a dividend yield of 3.91%. United Bankshares’s payout ratio is 71.58%.
Large investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of United Bankshares by 9.2% during the second quarter. BlackRock Inc. now owns 13,701,878 shares of the financial services provider’s stock worth $537,113,000 after purchasing an additional 1,150,017 shares in the last quarter. State Street Corp grew its stake in shares of United Bankshares by 31.2% during the second quarter. State Street Corp now owns 10,855,612 shares of the financial services provider’s stock worth $425,538,000 after purchasing an additional 2,578,520 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of United Bankshares by 20.7% during the second quarter. Vanguard Group Inc. now owns 8,674,789 shares of the financial services provider’s stock worth $340,052,000 after purchasing an additional 1,488,580 shares in the last quarter. Northern Trust Corp grew its stake in shares of United Bankshares by 60.3% during the second quarter. Northern Trust Corp now owns 2,939,523 shares of the financial services provider’s stock worth $115,229,000 after purchasing an additional 1,105,697 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of United Bankshares by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 2,934,748 shares of the financial services provider’s stock worth $109,027,000 after purchasing an additional 57,657 shares in the last quarter. Institutional investors and hedge funds own 65.51% of the company’s stock.
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United Bankshares Company Profile
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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