United Bankshares, Inc. (NASDAQ:UBSI) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its position in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 34.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,079 shares of the financial services provider’s stock after acquiring an additional 534 shares during the quarter. GAMMA Investing LLC’s holdings in United Bankshares were worth $77,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of UBSI. Vanguard Group Inc. grew its holdings in shares of United Bankshares by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 14,202,951 shares of the financial services provider’s stock worth $533,321,000 after acquiring an additional 71,359 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of United Bankshares by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 7,907,665 shares of the financial services provider’s stock worth $256,521,000 after acquiring an additional 142,545 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of United Bankshares by 1.8% during the second quarter. Earnest Partners LLC now owns 4,253,797 shares of the financial services provider’s stock worth $137,993,000 after acquiring an additional 74,638 shares in the last quarter. Victory Capital Management Inc. grew its stake in United Bankshares by 1.4% in the second quarter. Victory Capital Management Inc. now owns 3,982,478 shares of the financial services provider’s stock valued at $129,192,000 after purchasing an additional 55,633 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in United Bankshares by 110.4% in the second quarter. ProShare Advisors LLC now owns 2,206,434 shares of the financial services provider’s stock valued at $71,577,000 after purchasing an additional 1,157,579 shares in the last quarter. Institutional investors own 70.80% of the company’s stock.

United Bankshares Price Performance

Shares of NASDAQ:UBSI opened at $37.91 on Wednesday. The firm has a market capitalization of $5.13 billion, a PE ratio of 14.31 and a beta of 0.99. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.31. United Bankshares, Inc. has a 1-year low of $25.35 and a 1-year high of $39.93. The business’s 50 day moving average is $36.95 and its 200-day moving average is $34.88.

United Bankshares (NASDAQ:UBSI) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.64 by $0.07. The firm had revenue of $255.94 million during the quarter, compared to analysts’ expectations of $255.54 million. United Bankshares had a return on equity of 7.72% and a net margin of 22.44%. United Bankshares’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period last year, the business earned $0.68 earnings per share. Sell-side analysts predict that United Bankshares, Inc. will post 2.7 earnings per share for the current year.

United Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were given a $0.37 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.48 annualized dividend and a yield of 3.90%. United Bankshares’s payout ratio is 55.85%.

Analyst Upgrades and Downgrades

UBSI has been the subject of a number of analyst reports. DA Davidson lifted their target price on shares of United Bankshares from $36.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. StockNews.com lowered United Bankshares from a “hold” rating to a “sell” rating in a report on Thursday, September 26th. Keefe, Bruyette & Woods boosted their target price on United Bankshares from $38.00 to $40.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Finally, Stephens upped their target price on United Bankshares from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $40.25.

United Bankshares Profile

United Bankshares, Inc, through its subsidiaries, primarily provides commercial and retail banking products and services in the United States. It operates through two segments, Community Banking and Mortgage Banking. The company accepts checking, savings, and time and money market accounts; individual retirement accounts; and demand deposits, statement and special savings, and NOW accounts.