Analysts fell to the sidelines weighing in on WR Berkley (WRB) and United Bankshares (UBSI) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
WR Berkley (WRB)
In a report released today, Robert Farnam from Boenning & Scattergood maintained a Hold rating on WR Berkley. The company’s shares closed yesterday at $74.65.
Farnam commented:
“We believe WRB is well positioned to take advantage of any improvement in market conditions and we consider the stock an excellent core holding for longer-term investors. In the near-term, however, we don’t see much potential for the shares to outperform the market. Berkley’s P/B valuation (1.7x) is modestly high relative to peers and its historical average – in our view, the stock isn’t particularly compelling today for short-term investors. We maintain our Neutral rating.”
According to TipRanks.com, Farnam ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -7.4% and a 24.3% success rate. Farnam covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, 1347 Property Insurance Holdings Inc, and Hallmark Financial Services.
WR Berkley has an analyst consensus of Hold, with a price target consensus of $73.
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United Bankshares (UBSI)
In a report released today, Matthew Schultheis from Boenning & Scattergood reiterated a Hold rating on United Bankshares. The company’s shares closed yesterday at $35.16.
According to TipRanks.com, Schultheis is a 3-star analyst with an average return of 2.3% and a 48.8% success rate. Schultheis covers the Financial sector, focusing on stocks such as Orrstown Financial Services Inc, Citizens Financial Services Inc, and Fulton Financial Corp.
The word on The Street in general, suggests a Hold analyst consensus rating for United Bankshares.
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