BNP Paribas Financial Markets Has $1.89 Million Stock Position in United Bankshares, Inc. (NASDAQ:UBSI)

BNP Paribas Financial Markets boosted its position in United Bankshares, Inc. (NASDAQ:UBSI) by 73.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,953 shares of the financial services provider’s stock after buying an additional 21,520 shares during the period. BNP Paribas Financial Markets’ holdings in United Bankshares were worth $1,890,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of United Bankshares by 292.0% in the 3rd quarter. FMR LLC now owns 82,997 shares of the financial services provider’s stock worth $3,079,000 after purchasing an additional 61,822 shares in the last quarter. Advantage Alpha Capital Partners LP lifted its stake in shares of United Bankshares by 40.6% in the third quarter. Advantage Alpha Capital Partners LP now owns 13,690 shares of the financial services provider’s stock valued at $508,000 after buying an additional 3,952 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of United Bankshares by 40.9% during the third quarter. Brown Brothers Harriman & Co. now owns 7,941 shares of the financial services provider’s stock valued at $295,000 after buying an additional 2,307 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of United Bankshares during the third quarter worth about $268,000. Finally, Fisher Asset Management LLC raised its holdings in shares of United Bankshares by 1.4% in the 3rd quarter. Fisher Asset Management LLC now owns 1,221,493 shares of the financial services provider’s stock worth $45,317,000 after acquiring an additional 16,782 shares during the last quarter. Institutional investors own 70.80% of the company’s stock.

United Bankshares Stock Performance

Shares of UBSI stock opened at $41.69 on Friday. The company has a market cap of $5.64 billion, a P/E ratio of 15.79 and a beta of 1.01. The firm has a 50-day moving average of $39.43 and a 200-day moving average of $36.59. United Bankshares, Inc. has a one year low of $30.68 and a one year high of $44.43. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.96.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. United Bankshares had a return on equity of 7.58% and a net margin of 22.05%. The firm had revenue of $414.67 million for the quarter, compared to analysts’ expectations of $260.30 million. During the same period last year, the firm earned $0.71 earnings per share. Equities research analysts forecast that United Bankshares, Inc. will post 2.73 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Friday, December 13th. United Bankshares’s dividend payout ratio (DPR) is presently 56.06%.

Insider Transactions at United Bankshares

In related news, Director J Paul Mcnamara sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.86, for a total value of $107,150.00. Following the sale, the director now directly owns 63,409 shares of the company’s stock, valued at $2,717,709.74. This trade represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Peter A. Converse sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $40.00, for a total value of $200,000.00. Following the transaction, the director now owns 434,769 shares in the company, valued at approximately $17,390,760. This represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.66% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded United Bankshares from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, United Bankshares has an average rating of “Hold” and a consensus target price of $40.25.

About United Bankshares

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.