United Bankshares (NASDAQ:UBSI) Sets New 52-Week Low - What's Next?

United Bankshares, Inc. (NASDAQ:UBSI - Get Free Report)'s share price hit a new 52-week low during trading on Friday . The stock traded as low as $30.51 and last traded at $31.53, with a volume of 749016 shares traded. The stock had previously closed at $32.34.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods dropped their price target on United Bankshares from $46.00 to $45.00 and set a "market perform" rating on the stock in a research report on Monday, January 27th. StockNews.com downgraded United Bankshares from a "hold" rating to a "sell" rating in a report on Monday, January 27th. Piper Sandler reaffirmed a "neutral" rating and set a $38.50 price objective on shares of United Bankshares in a research report on Wednesday, March 12th. Finally, Stephens reiterated an "equal weight" rating and set a $43.00 price objective on shares of United Bankshares in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $41.88.

United Bankshares Price Performance

The stock's 50 day simple moving average is $35.49 and its 200-day simple moving average is $37.70. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 12.20 and a beta of 0.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98.

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United Bankshares (NASDAQ:UBSI - Get Free Report) last announced its 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 return on equity of 7.60% and a net margin of 22.94%. During the same quarter in the previous year, the company earned $0.59 earnings per share. On average, analysts expect that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 4.43%. United Bankshares's dividend payout ratio (DPR) is presently 54.01%.

Insider Activity

In other United Bankshares news, Director Sara Dumond purchased 2,600 shares of the company's stock in a transaction on Monday, March 24th. The shares were bought at an average cost of $35.01 per share, with a total value of $91,026.00. Following the transaction, the director now directly owns 5,054 shares in the company, valued at approximately $176,940.54. This represents a 105.95 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On United Bankshares

Hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new stake in United Bankshares in the 4th quarter valued at $26,000. Jones Financial Companies Lllp raised its position in shares of United Bankshares by 55.8% during the fourth quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider's stock valued at $33,000 after buying an additional 310 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its stake in shares of United Bankshares by 1,921.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider's stock valued at $54,000 after buying an additional 1,364 shares during the period. Nomura Asset Management Co. Ltd. grew its position in United Bankshares by 37.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,480 shares of the financial services provider's stock worth $56,000 after buying an additional 400 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in United Bankshares during the fourth quarter valued at about $85,000. 70.80% of the stock is owned by institutional investors.

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.