United Bankshares, Inc. $UBSI Shares Purchased by Fieldview Capital Management LLC

Fieldview Capital Management LLC lifted its stake in United Bankshares, Inc. (NASDAQ:UBSI) by 47.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,201 shares of the financial services provider’s stock after purchasing an additional 29,609 shares during the period. Fieldview Capital Management LLC owned approximately 0.07% of United Bankshares worth $3,541,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of United Bankshares in the third quarter valued at about $25,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of United Bankshares in the fourth quarter valued at about $26,000. Rothschild Investment LLC lifted its stake in shares of United Bankshares by 174.8% in the third quarter. Rothschild Investment LLC now owns 838 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 533 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of United Bankshares by 196.2% in the fourth quarter. Farther Finance Advisors LLC now owns 856 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 567 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of United Bankshares by 528.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,175 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 988 shares during the period. Institutional investors and hedge funds own 70.80% of the company’s stock.

United Bankshares Stock Performance

Shares of UBSI opened at $45.65 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.10. The stock has a market cap of $6.29 billion, a P/E ratio of 12.79 and a beta of 0.71. The company has a 50-day moving average of $43.39 and a two-hundred day moving average of $41.65. United Bankshares, Inc. has a 12-month low of $34.10 and a 12-month high of $45.92.

United Bankshares (NASDAQ:UBSI) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. The company had revenue of $316.58 million during the quarter, compared to analysts’ expectations of $315.15 million. United Bankshares had a net margin of 27.45% and a return on equity of 9.26%. During the same quarter in the previous year, the business posted $0.59 earnings per share. As a group, research analysts predict that United Bankshares, Inc. will post 3.64 EPS for the current fiscal year.

United Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, June 12th. United Bankshares’s payout ratio is currently 42.58%.

Analyst Ratings Changes

Several brokerages recently commented on UBSI. Raymond James Financial reiterated an “outperform” rating and issued a $49.00 price objective on shares of United Bankshares in a research note on Monday, April 27th. Wall Street Zen cut shares of United Bankshares from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Zacks Research cut shares of United Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, United Bankshares presently has an average rating of “Moderate Buy” and an average target price of $45.75.

About United Bankshares

United Bankshares, Inc, headquartered in Charleston, West Virginia, is a bank holding company that provides a full range of financial services through its primary subsidiary, United Bank. The company’s core offerings include retail and commercial banking products such as checking and savings accounts, certificates of deposit, personal and business loans, mortgages, and treasury management services. In addition, United Bankshares delivers private banking, wealth management, trust and fiduciary solutions, and investment advisory services to meet the needs of individual, corporate, and institutional clients.

United Bankshares operates an extensive branch network across West Virginia, Virginia, Maryland, the District of Columbia, Ohio, Pennsylvania, and South Carolina.