8,917 Shares in United Bankshares, Inc. $UBSI Purchased by Vise Technologies Inc.

Vise Technologies Inc. acquired a new position in shares of United Bankshares, Inc. (NASDAQ:UBSI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,917 shares of the financial services provider’s stock, valued at approximately $325,000.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP raised its holdings in United Bankshares by 394.1% in the 2nd quarter. Allworth Financial LP now owns 1,265 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,009 shares during the period. ProShare Advisors LLC lifted its holdings in shares of United Bankshares by 12.0% in the 2nd quarter. ProShare Advisors LLC now owns 1,152,444 shares of the financial services provider’s stock worth $41,984,000 after acquiring an additional 123,349 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in United Bankshares by 1.5% in the 1st quarter. Summit Investment Advisors Inc. now owns 41,466 shares of the financial services provider’s stock valued at $1,438,000 after purchasing an additional 612 shares during the last quarter. Savant Capital LLC purchased a new position in shares of United Bankshares during the second quarter worth $380,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of United Bankshares in the 2nd quarter valued at $969,000. Hedge funds and other institutional investors own 70.80% of the company’s stock.

United Bankshares Stock Performance

Shares of NASDAQ:UBSI opened at $36.43 on Monday. The firm’s 50 day simple moving average is $36.67 and its 200-day simple moving average is $36.69. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.99 and a current ratio of 0.99. United Bankshares, Inc. has a one year low of $30.50 and a one year high of $44.43. The firm has a market cap of $5.12 billion, a PE ratio of 11.94 and a beta of 0.83.

United Bankshares (NASDAQ:UBSI) last issued its earnings results on Thursday, October 23rd. The financial services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.10. United Bankshares had a return on equity of 8.15% and a net margin of 24.37%.The business had revenue of $280.90 million during the quarter, compared to analyst estimates of $307.78 million. During the same period in the previous year, the company posted $0.70 EPS. As a group, equities analysts predict that United Bankshares, Inc. will post 2.81 EPS for the current year.

United Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.1%. The ex-dividend date was Friday, September 12th. United Bankshares’s dividend payout ratio is presently 48.52%.

Analyst Ratings Changes

Several brokerages have recently issued reports on UBSI. Piper Sandler set a $42.50 price target on shares of United Bankshares and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of United Bankshares in a research note on Thursday, October 30th. Finally, Zacks Research raised United Bankshares to a “hold” rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $41.83.

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.