UBSI United Bankshares Inc

Zacks Research downgraded United Bankshares (NASDAQ:UBSI) from a "strong-buy" to a "hold" rating due to its latest report. Despite beating Q3 EPS estimates with $0.92, the company missed revenue expectations at $280.9M. The stock currently has an average "Hold" rating from analysts with a target price of $41.83, and institutional investors collectively own approximately 70.8% of the shares.

This article identifies three bank stocks—United Bankshares (UBSI), Annaly Capital Management (NLY), and Citigroup (C)—that may face challenges despite the banking industry's recent growth. It highlights specific risks for each, including muted revenue growth, inferior net interest margins, and limited growth potential. The author cautions investors to be careful with these stocks and suggests exploring other opportunities.

United Bankshares Inc (UBSI) stock reached a 52-week high of $40.42, marking a 6.67% increase over the past year and reflecting positive investor confidence. The company also reported strong third-quarter earnings, exceeding analyst expectations, and announced a new stock repurchase plan and its 52nd consecutive year of dividend increases. Keefe, Bruyette & Woods reiterated a Market Perform rating, optimistic about future capital deployment.

United Bankshares, Inc. (NASDAQ:UBSI) has received an average rating of "Moderate Buy" from analysts, with a consensus 1-year price target of $41.83. The company recently exceeded EPS expectations but missed on revenue, and its board increased the quarterly dividend to $0.38 per share. Several institutional investors have adjusted their holdings in UBSI, which currently trades near $39.50 with a market cap of $5.55 billion.

Jeff Wade and Rick Gant, two long-serving employees of United Bank, formerly Parkersburg National Bank, have both reached 50-year milestones with the company. Their careers began when the bank was still known as Parkersburg National Bank and have spanned its transformation into one of the largest banking companies in the country. Both individuals credit the bank for providing opportunities and a supportive environment for their long and successful careers.

United Bankshares, Inc. has announced a new share repurchase plan, authorizing the repurchase of up to 5% of its outstanding shares. This new plan supercedes the previous repurchase authorization and indicates the company's confidence in its financial position and future prospects.