United Bankshares, Inc (NASDAQ:UBSI) price on Friday, February 28, rose 1.09% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $36.14.
A look at the stock’s price movement, the close in the last trading session was $35.75. The PE ratio in trailing twelve months stood at 13.17. Turning to its 52-week performance, $44.43 and $30.68 were the 52-week high and 52-week low respectively. Overall, UBSI moved -5.66% over the past month.
United Bankshares, Inc’s market cap currently stands at around $4.89 billion, with investors looking forward to this quarter’s earnings report slated for in April. The company has a Forward Dividend ratio of 1.48, with its dividend yield at 4.10%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 275.39M for the company’s revenue for the quarter, with a low and high estimate of 270.61M and 281.9M respectively. The average forecast suggests up to a 8.12% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.16B, representing a 12.15% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that UBSI is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend UBSI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
UBSI’s current price about -3.47% and -4.33% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.08, while 7-day volatility ratio is 1.71% and 2.16% in the 30-day chart. Further, United Bankshares, Inc (UBSI) has a beta value of 1.01, and an average true range (ATR) of 0.84. Analysts have given the company’s stock an average 52-week price target of $41.5, forecast between a low of $36 and high of $45. Looking at the price targets, the low is 0.39% off current price level while to achieve the yearly target high, price needs to move -24.52%. Nonetheless, investors will most likely welcome a -14.83% jump to $41.5 which is the analysts’ median price.
If we refocus on United Bankshares, Inc (NASDAQ:UBSI), historical trading data shows that trading volumes averaged 611.88K over the past 3 months. The company’s latest data on shares outstanding shows there are 135.35 million shares.
The 2.36% of United Bankshares, Inc’s shares are in the hands of company insiders while institutional holders own 74.52% of the company’s shares. Current price change has pushed the stock -3.75% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the UBSI stock continues to rise going into the next quarter.
