United Bankshares Inc. (NASDAQ: UBSI) stock jumped 0.56% on Tuesday to $30.40 against a previous-day closing price of $30.23. With 0.61 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.87 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $31.05 whereas the lowest price it dropped to was $30.10. The 52-week range on UBSI shows that it touched its highest point at $44.15 and its lowest point at $27.68 during that stretch. It currently has a 1-year price target of $34.33. With its current market cap of 4.18 billion, UBSI has annualized dividend of $1.44 while the current yield stands at 4.74%. Beta for the stock currently stands at 1.05.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of UBSI was up-trending over the past week, with a rise of 7.73%, but this was down by -9.87% over a month. Three-month performance dropped to -25.58% while six-month performance fell -27.43%. The stock lost -14.03% in the past year, while it has lost -24.92% so far this year. A look at the trailing 12-month EPS for UBSI yields 2.94 with Next year EPS estimates of 2.60. For the next quarter, that number is 0.68. This implies an EPS growth rate of -1.00% for this year and -3.84% for next year. EPS is expected to grow by 8.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 7.90%.
Float and Shares Shorts:
At present, 134.41 million UBSI shares are outstanding with a float of 131.82 million shares on hand for trading. On Apr 27, 2023, short shares totaled 3.89 million, which was 2.88% higher than short shares on Mar 30, 2023. In addition to Mr. Richard M. Adams Sr. as the firm’s Exec. Chairman, Mr. Richard Matthew Adams Jr., M.D. serves as its CEO & Director.
Through their ownership of 72.11% of UBSI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 48.29% of UBSI, in contrast to 4.24% held by mutual funds. Shares owned by individuals account for 23.55%. As the largest shareholder in UBSI with 13.43% of the stake, BlackRock Fund Advisors holds 18,089,706 shares worth 18,089,706. A second-largest stockholder of UBSI, SSgA Funds Management, Inc., holds 14,243,920 shares, controlling over 10.57% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in UBSI, holding 13,784,891 shares or 10.23% stake. With a 4.81% stake in UBSI, the SPDR S&P Dividend ETF is the largest stakeholder. A total of 6,476,528 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.12% of UBSI stock, is the second-largest Mutual Fund holder. It holds 4,203,300 shares valued at 139.26 million. iShares Core S&P Mid Cap ETF holds 3.08% of the stake in UBSI, owning 4,151,687 shares worth 137.55 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for UBSI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With UBSI analysts setting a high price target of $38.00 and a low target of $30.00, the average target price over the next 12 months is $34.33. Based on these targets, UBSI could surge 25.0% to reach the target high and fall by -1.32% to reach the target low. Reaching the average price target will result in a growth of 12.93% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, UBSI has a current ratio of $1.44, which is $1.44 over the trailing 12-months, while a dividend of $1.39 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and UBSI currently yields $4.74. In the past year, UBSI’s dividend yield has been $4.74, but when looking at the stock over the past five years, its yield has been $4.04. Accordingly, UBSI has a current buyback yield of $1.34. This was $1.34 for the TTM, and it was $1.15 for the past five years.
Summary of Insider Activity:
Insiders traded UBSI stock several times over the past three months with 0 Buys and 13 Sells. In these transactions, 0 shares were bought while 8,313 shares were sold. The number of buy transactions has increased to 36 while that of sell transactions has risen to 56 over the past year. The total number of shares bought during that period was 180,702 while 116,680 shares were sold.