United Bankshares, Inc. (NASDAQ:UBSI) – Analysts at DA Davidson increased their Q1 2018 earnings per share (EPS) estimates for United Bankshares in a research note issued on Tuesday. DA Davidson analyst R. Gunther now forecasts that the financial services provider will earn $0.56 per share for the quarter, up from their prior estimate of $0.51. DA Davidson also issued estimates for United Bankshares’ Q2 2019 earnings at $0.65 EPS.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. United Bankshares had a net margin of 19.93% and a return on equity of 6.28%. The business had revenue of $187.62 million for the quarter, compared to analyst estimates of $182.94 million. During the same period last year, the business earned $0.51 EPS.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of United Bankshares from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective on the stock in a report on Thursday, December 28th. Boenning Scattergood restated a “hold” rating on shares of United Bankshares in a report on Friday, October 27th. BidaskClub lowered shares of United Bankshares from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Finally, Sandler O’Neill set a $38.00 price target on shares of United Bankshares and gave the stock a “hold” rating in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $42.25.

Shares of United Bankshares (NASDAQ:UBSI) opened at $36.95 on Thursday. United Bankshares has a fifty-two week low of $31.70 and a fifty-two week high of $46.35. The firm has a market cap of $3,863.72, a price-to-earnings ratio of 23.69, a PEG ratio of 1.51 and a beta of 1.05. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.04 and a quick ratio of 1.04.

A number of large investors have recently made changes to their positions in the stock. Advisor Group Inc. raised its stake in United Bankshares by 19.1% during the 2nd quarter. Advisor Group Inc. now owns 9,466 shares of the financial services provider’s stock worth $371,000 after acquiring an additional 1,517 shares in the last quarter. Pacer Advisors Inc. raised its stake in United Bankshares by 11.6% during the 3rd quarter. Pacer Advisors Inc. now owns 15,183 shares of the financial services provider’s stock worth $564,000 after acquiring an additional 1,578 shares in the last quarter. Connable Office Inc. raised its stake in United Bankshares by 31.5% during the 3rd quarter. Connable Office Inc. now owns 7,134 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 1,708 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in United Bankshares by 42.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,765 shares of the financial services provider’s stock worth $200,000 after acquiring an additional 1,712 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in United Bankshares by 0.4% during the 3rd quarter. Principal Financial Group Inc. now owns 446,341 shares of the financial services provider’s stock worth $16,582,000 after acquiring an additional 1,755 shares in the last quarter. Hedge funds and other institutional investors own 65.44% 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.

Earnings History and Estimates for United Bankshares (NASDAQ:UBSI)

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