The stock of United Bankshares Inc. (NASDAQ:UBSI) increased by $0.02 on Friday to finish at $29.13, up 0.07 percent. The last five days have seen an average of 742,740 shares of common stock traded. 4 times new highs were reached in the current year, with a fall of -$11.36. The average number of shares traded over the last 20 days was 1,263,270, while the average volume over the last 50 days totaled 1,150,356.
UBSI stock dropped -12.26% since last month. On 08/25/23, the company’s shares reached a one-month low of $28.74. The stock touched a high of $44.15 on 02/03/23, after rallying from a low of $27.68 in 52 weeks. The price of UBSI stock has declined by -28.06% or -$11.36 this year, reaching a new high 4 times. Still, the stock price is down -34.02% from the 52-week high.
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Insider Transactions
UBSI stock investors should be aware that United Bankshares Inc. (UBSI) stock had its last reported insider trading activity 83 days ago on Jun 06. On Jun 06, Director White Gary G acquired 300 shares at $32.59 each. This transaction resulted in the insider spending $9,778. On May 25, Rice Lacy I III added 10,000 shares at a price of US$29.43. After the transaction, the insider now owns 33,261 shares. Director White Gary G had earlier bought 300 shares on May 17 for $28.78 a share. The transaction was completed for $8,634.
Valuation Metrics
United Bankshares Inc. (UBSI) has a trailing price-to-earnings (P/E) ratio of 9.98. Beta for the stock is 1.06. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.15, the price-to-book (PB) ratio of 0.85, and the price-to-cash flow ratio of 9.00.
Company paid $0.36 per share in dividends, remained unchanged from $0.36 last year. A $0.01 dividend increase was reported on Friday November 19 2021.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.06, and the total debt to equity ratio is 0.06. United Bankshares Inc.’s operating margin stood at 72.90% for the same period. Based on annual data, it had gross profit of $896.43 million and revenue of $1.0 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. UBSI’s return on assets (ROA) during the last 12 months has been 1.30%. There was a 16.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 8.60%.
Earnings Surprise
According to United Bankshares Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that United Bankshares Inc.’s quarterly earnings would be $0.68, but it ended up being $0.66, beating the consensus by 3.00%. At the end of United Bankshares Inc.’s most recent quarter ended June 29, its total debt was $2.45 billion. Equity owned by shareholders amounts to $134.94 million.
Technical Picture
Here’s a quick look at United Bankshares Inc.’s (UBSI) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 21.31%, suggesting the stock is oversold, with a 23.35% historical volatility rate.
The stochastic %K and %D were 5.76% and 3.92% respectively, while the average true range (ATR) was 0.84. Based on the 14-day stochastic reading of 7.53%, the RSI (14) reading is 30.79%. On the 9-day MACD Oscillator, the stock is at -0.95, and the 14-day reading is at -2.12.
Analyst Ratings
In its analyst report released on April 04, 2023, Stephens began covering United Bankshares Inc. (NASDAQ: UBSI). The stock was rated as an Equal-weight by the brokerage firm. Analysts have assigned United Bankshares Inc. (UBSI) an Hold rating. UBSI is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 0 others recommend it as a buy.
What is UBSI’s price target for the next 12 months?
The current consensus forecast for the stock is between $31.00 and $38.00, with a median target price of $34.50. In analyzing these forecasts, the average price target given by analysts for United Bankshares Inc. (UBSI) is $34.33.
