699 Shares in United Bankshares, Inc. (NASDAQ:UBSI) Purchased by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. purchased a new position in shares of United Bankshares, Inc. (NASDAQ:UBSI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 699 shares of the financial services provider’s stock, valued at approximately $26,000.

Several other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in shares of United Bankshares by 55.8% in the 4th quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 310 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its position in United Bankshares by 1,921.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider’s stock worth $54,000 after buying an additional 1,364 shares during the period. Principal Securities Inc. lifted its position in shares of United Bankshares by 10.1% in the 4th quarter. Principal Securities Inc. now owns 3,115 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 285 shares during the period. Milestone Asset Management LLC acquired a new position in shares of United Bankshares in the 4th quarter worth approximately $201,000. Finally, Choreo LLC acquired a new position in shares of United Bankshares in the 4th quarter worth approximately $206,000. 70.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. StockNews.com lowered United Bankshares from a “hold” rating to a “sell” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods dropped their target price on United Bankshares from $46.00 to $45.00 and set a “market perform” rating on the stock in a report on Monday, January 27th. Stephens reiterated an “equal weight” rating and set a $43.00 price target on shares of United Bankshares in a report on Monday, January 27th. Finally, Piper Sandler reiterated a “neutral” rating and set a $38.50 price target on shares of United Bankshares in a report on Wednesday. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, United Bankshares currently has an average rating of “Hold” and an average price target of $41.88.

Insiders Place Their Bets

In other news, Director Mark R. Nesselroad sold 6,000 shares of United Bankshares stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $39.16, for a total value of $234,960.00. Following the completion of the transaction, the director now directly owns 35,424 shares in the company, valued at approximately $1,387,203.84. The trade was a 14.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.66% of the company’s stock.

United Bankshares Stock Performance

NASDAQ:UBSI opened at $34.03 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. The business has a fifty day simple moving average of $37.19 and a two-hundred day simple moving average of $38.27. United Bankshares, Inc. has a 1 year low of $30.68 and a 1 year high of $44.43. The company has a market capitalization of $4.87 billion, a P/E ratio of 12.42 and a beta of 0.98.

United Bankshares (NASDAQ:UBSI) last released its earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. United Bankshares had a return on equity of 7.60% and a net margin of 22.94%. During the same period in the prior year, the company earned $0.59 earnings per share. On average, analysts expect that United Bankshares, Inc. will post 2.81 earnings per share for the current year.

United Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date is Friday, March 14th. United Bankshares’s dividend payout ratio is currently 54.01%.

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.