9,759 Shares in United Bankshares, Inc. (NASDAQ:UBSI) Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 9,759 shares of the financial services provider’s stock, valued at approximately $366,000.

Other institutional investors have also added to or reduced their stakes in the company. Peoples Bank OH bought a new position in shares of United Bankshares in the 4th quarter worth approximately $265,000. Vaughan Nelson Investment Management L.P. raised its holdings in United Bankshares by 103.9% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,142,091 shares of the financial services provider’s stock worth $42,885,000 after purchasing an additional 581,870 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in United Bankshares by 58.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 91,471 shares of the financial services provider’s stock valued at $3,435,000 after buying an additional 33,812 shares during the period. Integrated Investment Consultants LLC lifted its position in United Bankshares by 40.2% during the fourth quarter. Integrated Investment Consultants LLC now owns 13,513 shares of the financial services provider’s stock valued at $507,000 after buying an additional 3,873 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in shares of United Bankshares by 206.0% during the 4th quarter. Fifth Third Bancorp now owns 976 shares of the financial services provider’s stock valued at $37,000 after buying an additional 657 shares in the last quarter. 70.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Raymond James lifted their price target on shares of United Bankshares from $38.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, January 5th.

United Bankshares Stock Up 1.7 %

Shares of NASDAQ:UBSI opened at $33.12 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $34.33 and a two-hundred day simple moving average of $33.65. United Bankshares, Inc. has a 12-month low of $25.35 and a 12-month high of $38.74. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 12.22 and a beta of 1.00.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Friday, January 26th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.01. United Bankshares had a return on equity of 8.05% and a net margin of 23.84%. The firm had revenue of $402.85 million during the quarter, compared to analyst estimates of $258.98 million. During the same quarter in the previous year, the firm earned $0.74 EPS. On average, research analysts anticipate that United Bankshares, Inc. will post 2.64 earnings per share for the current fiscal year.

United Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date was Thursday, March 7th. United Bankshares’s payout ratio is 54.61%.

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.