United Bankshares (NASDAQ:UBSI) Earns Neutral Rating from Piper Sandler

United Bankshares (NASDAQ:UBSI)‘s stock had its “neutral” rating restated by Piper Sandler in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $38.50 price target on the financial services provider’s stock. Piper Sandler’s price objective would suggest a potential upside of 13.10% from the company’s current price.

UBSI has been the topic of several other research reports. Stephens reiterated an “equal weight” rating and set a $43.00 price objective on shares of United Bankshares in a research report on Monday, January 27th. StockNews.com lowered shares of United Bankshares from a “hold” rating to a “sell” rating in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods decreased their price objective on United Bankshares from $46.00 to $45.00 and set a “market perform” rating for the company in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, United Bankshares currently has an average rating of “Hold” and a consensus price target of $41.88.

United Bankshares Stock Down 1.1 %

Shares of United Bankshares stock opened at $34.04 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. The company’s fifty day simple moving average is $37.26 and its two-hundred day simple moving average is $38.30. The company has a market cap of $4.87 billion, a P/E ratio of 12.42 and a beta of 0.98. United Bankshares has a 12-month low of $30.68 and a 12-month high of $44.43.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. United Bankshares had a net margin of 22.94% and a return on equity of 7.60%. During the same quarter in the prior year, the business posted $0.59 EPS. Research analysts anticipate that United Bankshares will post 2.81 EPS for the current year.

Insider Transactions at United Bankshares

In other United Bankshares news, Director Mark R. Nesselroad sold 6,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $39.16, for a total value of $234,960.00. Following the sale, the director now owns 35,424 shares of the company’s stock, valued at $1,387,203.84. This trade represents a 14.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.66% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of UBSI. Atria Investments Inc boosted its position in United Bankshares by 6.2% during the third quarter. Atria Investments Inc now owns 36,819 shares of the financial services provider’s stock worth $1,366,000 after purchasing an additional 2,163 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in United Bankshares by 23.4% in the third quarter. Los Angeles Capital Management LLC now owns 10,813 shares of the financial services provider’s stock valued at $401,000 after purchasing an additional 2,051 shares during the last quarter. Versor Investments LP purchased a new stake in United Bankshares during the third quarter valued at about $393,000. Victory Capital Management Inc. grew its position in United Bankshares by 0.4% during the third quarter. Victory Capital Management Inc. now owns 3,997,311 shares of the financial services provider’s stock valued at $148,300,000 after acquiring an additional 14,833 shares during the period. Finally, Pinnacle Financial Partners Inc purchased a new stake in shares of United Bankshares in the third quarter worth about $476,000. 70.80% of the stock is currently owned by hedge funds and other institutional investors.

About United Bankshares

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.