Keefe, Bruyette & Woods Issues Pessimistic Forecast for United Bankshares (NASDAQ:UBSI) Stock Price

United Bankshares (NASDAQ:UBSI) had its price target cut by Keefe, Bruyette & Woods from $46.00 to $45.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 14.43% from the company’s current price.

UBSI has been the subject of a number of other reports. StockNews.com upgraded United Bankshares from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. Stephens restated an “equal weight” rating and set a $43.00 price objective on shares of United Bankshares in a research report on Monday.

United Bankshares Stock Performance

Shares of UBSI opened at $39.33 on Monday. The stock has a market capitalization of $5.32 billion, a PE ratio of 14.94 and a beta of 1.03. The business’s fifty day moving average price is $39.50 and its 200 day moving average price is $38.22. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.96. United Bankshares has a 12-month low of $30.68 and a 12-month high of $44.43.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company posted $0.59 EPS. Equities research analysts forecast that United Bankshares will post 2.73 EPS for the current year.

Insider Buying and Selling at United Bankshares

In related news, Director Peter A. Converse sold 5,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $40.00, for a total value of $200,000.00. Following the completion of the transaction, the director now owns 434,769 shares in the company, valued at $17,390,760. This represents a 1.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director J Paul Mcnamara sold 2,500 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.86, for a total transaction of $107,150.00. Following the sale, the director now owns 63,409 shares in the company, valued at $2,717,709.74. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,500 shares of company stock worth $542,110. 3.66% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in UBSI. Victory Capital Management Inc. lifted its position in United Bankshares by 0.4% in the third quarter. Victory Capital Management Inc. now owns 3,997,311 shares of the financial services provider’s stock worth $148,300,000 after purchasing an additional 14,833 shares during the period. Geode Capital Management LLC lifted its holdings in shares of United Bankshares by 1.7% in the third quarter. Geode Capital Management LLC now owns 3,306,542 shares of the financial services provider’s stock valued at $122,695,000 after buying an additional 53,994 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of United Bankshares by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,673,056 shares of the financial services provider’s stock valued at $62,070,000 after buying an additional 83,503 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in United Bankshares by 16.7% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,558,081 shares of the financial services provider’s stock valued at $57,805,000 after buying an additional 223,150 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in United Bankshares by 1.4% during the third quarter. Fisher Asset Management LLC now owns 1,221,493 shares of the financial services provider’s stock worth $45,317,000 after acquiring an additional 16,782 shares during the period. Institutional investors and hedge funds own 70.80% of the company’s stock.

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.