United Bankshares, Inc. (NASDAQ:UBSI) – Analysts at Boenning Scattergood reduced their Q2 2019 earnings estimates for shares of United Bankshares in a research report issued to clients and investors on Wednesday, January 30th. Boenning Scattergood analyst M. Schultheis now anticipates that the financial services provider will post earnings of $0.63 per share for the quarter, down from their previous estimate of $0.64. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for United Bankshares’ Q3 2019 earnings at $0.65 EPS, Q4 2019 earnings at $0.63 EPS, FY2019 earnings at $2.55 EPS and FY2020 earnings at $2.60 EPS.
Get United Bankshares alerts:UBSI has been the subject of several other reports. BidaskClub raised shares of United Bankshares from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 6th. Zacks Investment Research cut shares of United Bankshares from a “hold” rating to a “sell” rating in a report on Thursday, November 29th. Finally, ValuEngine raised shares of United Bankshares from a “sell” rating to a “hold” rating in a report on Friday, November 16th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. United Bankshares presently has a consensus rating of “Hold” and a consensus target price of $40.00.
Shares of United Bankshares stock opened at $35.81 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.01. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 1.75 and a beta of 1.16. United Bankshares has a 52-week low of $29.13 and a 52-week high of $39.95.
United Bankshares (NASDAQ:UBSI) last issued its earnings results on Tuesday, January 29th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. The business had revenue of $176.53 million during the quarter, compared to analysts’ expectations of $180.53 million. United Bankshares had a net margin of 30.28% and a return on equity of 7.89%. During the same period in the previous year, the company earned $0.53 earnings per share.
In related news, Director P Clinton Winter acquired 1,000 shares of the firm’s stock in a transaction dated Thursday, December 27th. The stock was purchased at an average cost of $29.70 per share, with a total value of $29,700.00. Following the completion of the acquisition, the director now directly owns 446,511 shares of the company’s stock, valued at $13,261,376.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.15% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC raised its holdings in shares of United Bankshares by 17.3% during the third quarter. MetLife Investment Advisors LLC now owns 131,667 shares of the financial services provider’s stock valued at $4,786,000 after purchasing an additional 19,373 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of United Bankshares by 985.1% during the third quarter. Captrust Financial Advisors now owns 3,559 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 3,231 shares during the last quarter. City Holding Co. raised its holdings in shares of United Bankshares by 9.7% during the third quarter. City Holding Co. now owns 19,889 shares of the financial services provider’s stock valued at $723,000 after purchasing an additional 1,754 shares during the last quarter. Credit Suisse AG raised its holdings in shares of United Bankshares by 6.9% during the third quarter. Credit Suisse AG now owns 77,278 shares of the financial services provider’s stock valued at $2,809,000 after purchasing an additional 4,969 shares during the last quarter. Finally, Federated Investors Inc. PA raised its holdings in shares of United Bankshares by 30.4% during the third quarter. Federated Investors Inc. PA now owns 41,571 shares of the financial services provider’s stock valued at $1,511,000 after purchasing an additional 9,683 shares during the last quarter. 70.55% of the stock is owned by hedge funds and other institutional investors.
About United Bankshares
United Bankshares, Inc, a financial holding company, 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.
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