D.A. Davidson analyst Manuel Navas reiterated a Hold rating on United Bankshares (UBSI – Research Report) today. The company’s shares closed last Friday at $27.61.
Navas covers the Financial sector, focusing on stocks such as Sandy Spring Bancorp, Dime Community Bancshares, and City Holding Company. According to TipRanks, Navas has an average return of -11.1% and a 14.00% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for United Bankshares with a $31.50 average price target, which is a 14.09% upside from current levels. In a report released today, Piper Sandler also maintained a Hold rating on the stock with a $31.00 price target.
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Based on United Bankshares’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $263.92 million and a net profit of $85.45 million. In comparison, last year the company earned a revenue of $11.86 million and had a net profit of $2.72 million
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United Bankshares (UBSI) Company Description:
United Bankshares, Inc. engages in the provision of commercial and retail banking services and products. It offers community banking services such as asset management, real property title insurance, investment banking, financial planning and brokerage services, through bank and nonbank subsidiaries. It operates through the following segments: Community Banking and Mortgage Banking. The company was founded in 1839 and is headquartered in Charleston, WV.
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