United Bankshares, Inc. (NASDAQ:UBSI) Position Boosted by Earnest Partners LLC

Earnest Partners LLC lifted its holdings in United Bankshares, Inc. (NASDAQ:UBSI) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,199,136 shares of the financial services provider’s stock after acquiring an additional 29,898 shares during the quarter. Earnest Partners LLC’s holdings in United Bankshares were worth $157,678,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in UBSI. Price T Rowe Associates Inc. MD grew its position in United Bankshares by 8.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 106,262 shares of the financial services provider’s stock worth $3,991,000 after buying an additional 8,525 shares during the last quarter. Pinebridge Investments L.P. boosted its stake in shares of United Bankshares by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 61,341 shares of the financial services provider’s stock worth $2,303,000 after acquiring an additional 18,350 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of United Bankshares by 134.6% in the 4th quarter. Hsbc Holdings PLC now owns 25,202 shares of the financial services provider’s stock worth $948,000 after acquiring an additional 14,460 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of United Bankshares by 2.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,432 shares of the financial services provider’s stock worth $467,000 after purchasing an additional 327 shares during the period. Finally, MetLife Investment Management LLC lifted its holdings in shares of United Bankshares by 7.6% during the fourth quarter. MetLife Investment Management LLC now owns 153,241 shares of the financial services provider’s stock valued at $5,754,000 after purchasing an additional 10,761 shares during the last quarter. 70.80% of the stock is currently owned by institutional investors.

United Bankshares Trading Down 1.1 %

Shares of NASDAQ UBSI opened at $34.09 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. United Bankshares, Inc. has a one year low of $30.51 and a one year high of $44.43. The business has a 50-day moving average price of $34.26 and a two-hundred day moving average price of $37.44. The firm has a market capitalization of $4.89 billion, a PE ratio of 12.44 and a beta of 0.91.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.59 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.07). The company had revenue of $289.61 million for the quarter, compared to analyst estimates of $279.02 million. United Bankshares had a return on equity of 7.60% and a net margin of 22.94%. As a group, analysts predict that United Bankshares, Inc. will post 2.81 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend was Friday, March 14th. United Bankshares’s dividend payout ratio is currently 54.01%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on UBSI shares. StockNews.com cut United Bankshares from a “hold” rating to a “sell” rating in a research note on Monday, January 27th. Piper Sandler reissued a “neutral” rating and issued a $38.50 target price on shares of United Bankshares in a research report on Wednesday, March 12th. Stephens restated an “equal weight” rating and set a $43.00 price target on shares of United Bankshares in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of United Bankshares from $46.00 to $45.00 and set a “market perform” rating for the company in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $41.88.

Insider Transactions at United Bankshares

In other news, Director Sara Dumond purchased 2,600 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was acquired at an average price of $35.01 per share, with a total value of $91,026.00. Following the purchase, the director now owns 5,054 shares in the company, valued at $176,940.54. This represents a 105.95 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.66% of the stock is currently owned by company insiders.

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.