United Bankshares, Inc. (NASDAQ:UBSI) Stock Position Increased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its position in United Bankshares, Inc. (NASDAQ:UBSI) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,916 shares of the financial services provider’s stock after buying an additional 1,822 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.08% of United Bankshares worth $4,052,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Victory Capital Management Inc. increased its holdings in shares of United Bankshares by 0.4% in the third quarter. Victory Capital Management Inc. now owns 3,997,311 shares of the financial services provider’s stock valued at $148,300,000 after buying an additional 14,833 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of United Bankshares by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,306,542 shares of the financial services provider’s stock worth $122,695,000 after acquiring an additional 53,994 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of United Bankshares by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,673,056 shares of the financial services provider’s stock worth $62,070,000 after purchasing an additional 83,503 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of United Bankshares by 3.5% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,612,170 shares of the financial services provider’s stock valued at $60,538,000 after purchasing an additional 54,089 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of United Bankshares by 1.4% in the 3rd quarter. Fisher Asset Management LLC now owns 1,221,493 shares of the financial services provider’s stock valued at $45,317,000 after purchasing an additional 16,782 shares during the period. Institutional investors own 70.80% of the company’s stock.

Analyst Ratings Changes

UBSI has been the topic of several recent analyst reports. Keefe, Bruyette & Woods cut their price objective 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 reissued an “equal weight” rating and issued a $43.00 target price on shares of United Bankshares in a research report on Monday, January 27th. Finally, StockNews.com downgraded shares of United Bankshares from a “hold” rating to a “sell” rating in a research report on Monday, January 27th.

United Bankshares Stock Up 1.1 %

Shares of United Bankshares stock opened at $36.14 on Friday. United Bankshares, Inc. has a 1 year low of $30.68 and a 1 year high of $44.43. The company has a market cap of $4.89 billion, a P/E ratio of 13.19 and a beta of 1.02. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average price of $37.67 and a 200 day moving average price of $38.37.

United Bankshares (NASDAQ:UBSI) last posted its quarterly 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 net margin of 22.94% and a return on equity of 7.60%. During the same period last year, the business earned $0.59 earnings per share. As a group, analysts expect that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date is Friday, March 14th. United Bankshares’s dividend payout ratio (DPR) is currently 54.01%.

Insider Activity

In other news, Director Mark R. Nesselroad sold 6,000 shares of United Bankshares stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $39.16, for a total transaction of $234,960.00. Following the completion of the sale, the director now directly owns 35,424 shares in the company, valued at $1,387,203.84. The trade was a 14.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.66% of the stock is currently owned by corporate 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.