Research analysts at UBS AG (NYSE: UBS) assumed coverage on shares of United Bankshares (NASDAQ: UBSI) in a report issued on Friday. They set a “market perform” rating on the stock.
Separately, analysts at Stifel Nicolaus downgraded shares of United Bankshares from a “buy” rating to a “hold” rating in a research note to investors on Thursday, October 27th.
United Bankshares, Inc. (United) is a bank holding company. The Bank has two banking subsidiaries (the Banking Subsidiaries) doing business under the name of United Bank, operating United Bank (WV) and United Bank (VA). United’s Banking Subsidiaries offer a range of commercial and retail banking services and products. United also owns non-bank subsidiaries, which engage in other community banking services, such as asset management, real property title insurance, investment banking, financial planning and brokerage services. United generally originates loans within the primary market area of its banking subsidiaries. United also makes loans to borrowers and/or on properties outside of its primary market area as an accommodation to its customers. As of December 31, 2009, there were 69 bank holding companies operating in the State of West Virginia registered with the Federal Reserve System and the West Virginia Board of Banking and Financial Institutions.
Shares of United Bankshares opened at 29.33 on Friday. United Bankshares has a 52 week low of $18.78 and a 52 week high of $30.84. The stock’s 50-day moving average is $27.94 and its 200-day moving average is $23.89. The company has a market cap of $1.473 billion and a price-to-earnings ratio of 17.79.