United Bankshares price target raised to $39 from $36 at Piper Sandler

Piper Sandler analyst Casey Orr Whitman raised the firm’s price target on United Bankshares to $39 from $36 and keeps a Neutral rating on the shares. The firm notes United Bankshares reported a strong quarter with a relatively stable net interest margin, while management’s 2024 guide suggested a lower provision and slightly better net interest income/expenses against lower fees.