Zacks Investment Research upgraded shares of United Bankshares (NASDAQ:UBSI) from a hold rating to a strong-buy rating in a research note published on Saturday. The brokerage currently has $42.00 target price on the financial services provider’s stock.

According to Zacks, “United Bankshares, Inc. is a bank holding company whose business is the operation of its bank subsidiaries. All of United’s subsidiary banks are full-service commercial banks. Included among the banking services offered are the acceptance of deposits in checking, savings, time and money market accounts; the making and servicing of personal, commercial, floor plan and student loans; and the making of construction and real estate loans. Also offered are individual retirement accounts, safe deposit boxes, wire transfers and other standard banking products and services. “

A number of other equities research analysts have also recently commented on UBSI. Boenning Scattergood reissued a hold rating on shares of United Bankshares in a research note on Friday, October 27th. BidaskClub cut shares of United Bankshares from a hold rating to a sell rating in a research note on Thursday, December 7th. Finally, Sandler O’Neill set a $38.00 price objective on shares of United Bankshares and gave the company a hold rating in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $42.25.

Shares of United Bankshares (NASDAQ:UBSI) opened at $36.90 on Friday. The company has a market cap of $3,874.22, a PE ratio of 19.42, a P/E/G ratio of 1.51 and a beta of 1.05. United Bankshares has a 12 month low of $31.70 and a 12 month high of $46.35. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.46.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.01). The business had revenue of $188.51 million during the quarter, compared to analyst estimates of $193.87 million. United Bankshares had a net margin of 24.94% and a return on equity of 6.25%. United Bankshares’s revenue was up 44.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. equities analysts anticipate that United Bankshares will post 1.9 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.69%. This is a positive change from United Bankshares’s previous quarterly dividend of $0.33. The ex-dividend date was Thursday, December 7th. United Bankshares’s dividend payout ratio is 71.58%.

Large investors have recently added to or reduced their stakes in the business. Viking Fund Management LLC lifted its holdings in United Bankshares by 7.7% in the 3rd quarter. Viking Fund Management LLC now owns 84,000 shares of the financial services provider’s stock valued at $3,121,000 after purchasing an additional 6,000 shares in the last quarter. Swiss National Bank lifted its holdings in United Bankshares by 22.3% in the 2nd quarter. Swiss National Bank now owns 164,582 shares of the financial services provider’s stock valued at $6,452,000 after purchasing an additional 30,001 shares in the last quarter. Wesbanco Bank Inc. lifted its holdings in United Bankshares by 2.2% in the 3rd quarter. Wesbanco Bank Inc. now owns 178,728 shares of the financial services provider’s stock valued at $6,640,000 after purchasing an additional 3,850 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in United Bankshares by 19,508.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 110,592 shares of the financial services provider’s stock valued at $4,335,000 after purchasing an additional 110,028 shares in the last quarter. Finally, Citadel Advisors LLC lifted its holdings in United Bankshares by 400.8% in the 2nd quarter. Citadel Advisors LLC now owns 273,383 shares of the financial services provider’s stock valued at $10,717,000 after purchasing an additional 218,793 shares in the last quarter. Institutional investors own 65.51% 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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