United Bankshares price target raised to $44 from $40 at Stephens

Stephens analyst Russell Gunther raised the firm’s price target on United Bankshares (UBSI) to $44 from $40 and keeps an Equal Weight rating on the shares. Operating EPS beat consensus and Stephens’ forecast, notes the analyst, who views an above-peer return profile and excess capital position currently put to work via buybacks as reflected in the stock’s premium valuation.