Boenning & Scattergood Sticks to Its Hold Rating for United Bankshares (UBSI)


In a report released today, Matthew Schultheis from Boenning & Scattergood reiterated a Hold rating on United Bankshares (NASDAQ: UBSI). The company’s shares closed yesterday at $32.11, close to its 52-week low of $31.10.

According to TipRanks.com, Schultheis is a 3-star analyst with an average return of 2.7% and a 45.1% success rate. Schultheis covers the Financial sector, focusing on stocks such as Orrstown Financial Services Inc, Citizens Financial Services Inc, and Fulton Financial Corp.

Currently, the analyst consensus on United Bankshares is a Hold with an average price target of $37.

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United Bankshares’ market cap is currently $3.35B and has a P/E ratio of 16.64. The company has a Price to Book ratio of 1.03.

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United Bankshares, Inc. engages in the provision of commercial and retail banking services and products. It offers community banking services such as asset management, real property title insurance, investment banking, financial planning, and brokerage services, through bank and nonbank subsidiaries.

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