Janney Montgomery Scott began coverage on shares of United Bankshares (NASDAQ:UBSI – Get Rating) in a research report report published on Tuesday morning, The Fly reports. The firm issued a buy rating and a $40.00 price target on the financial services provider's stock.

UBSI has been the topic of a number of other reports. DA Davidson restated a neutral rating on shares of United Bankshares in a research note on Wednesday, July 27th. Raymond James lowered their price objective on United Bankshares from $40.00 to $39.00 and set an outperform rating on the stock in a research note on Thursday, July 7th. Finally, StockNews.com cut United Bankshares from a hold rating to a sell rating in a research note on Thursday, September 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of $39.00.

United Bankshares Trading Down 2.5 %

NASDAQ UBSI opened at $35.52 on Tuesday. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 14.12 and a beta of 1.10. United Bankshares has a one year low of $31.74 and a one year high of $40.85. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.89 and a quick ratio of 0.88. The business's fifty day moving average is $37.35 and its 200-day moving average is $35.99.

United Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 9th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date is Thursday, September 8th. United Bankshares's payout ratio is presently 55.81%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of UBSI. First Horizon Advisors Inc. purchased a new position in shares of United Bankshares during the second quarter worth about $31,000. Artemis Wealth Advisors LLC purchased a new position in shares of United Bankshares during the second quarter worth about $33,000. Godsey & Gibb Associates purchased a new position in shares of United Bankshares during the first quarter worth about $37,000. Exchange Traded Concepts LLC purchased a new position in shares of United Bankshares during the first quarter worth about $40,000. Finally, Covestor Ltd purchased a new position in shares of United Bankshares during the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 69.61% of the company's stock.

United Bankshares Company Profile

(Get Rating)

United Bankshares, Inc, a financial holding company, 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, NOW accounts, and interest-bearing checking accounts.

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