Hsbc Holdings PLC Has $226,000 Stock Holdings in United Bankshares, Inc. $UBSI

Hsbc Holdings PLC trimmed its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 69.9% during the first quarter, HoldingsChannel reports. The fund owned 5,447 shares of the financial services provider’s stock after selling 12,628 shares during the quarter. Hsbc Holdings PLC’s holdings in United Bankshares were worth $226,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new position in shares of United Bankshares during the third quarter valued at $25,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of United Bankshares in the fourth quarter worth $26,000. Farther Finance Advisors LLC grew 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 worth $33,000 after purchasing an additional 567 shares during the last quarter. Root Financial Partners LLC increased its holdings in United Bankshares by 64.4% in the first quarter. Root Financial Partners LLC now owns 786 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 308 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in 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. 70.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of United Bankshares in a research note on Monday, July 6th. Wall Street Zen raised United Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Hovde Group upped their target price on United Bankshares from $49.00 to $50.00 and gave the company a “market perform” rating in a report on Friday, July 24th. Keefe, Bruyette & Woods increased their target price on shares of United Bankshares from $46.00 to $48.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. Finally, Raymond James Financial raised their price target on shares of United Bankshares from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $47.80.

United Bankshares Stock Up 0.9%

Shares of NASDAQ:UBSI opened at $48.91 on Tuesday. United Bankshares, Inc. has a 1 year low of $34.10 and a 1 year high of $49.27. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50-day moving average is $45.78 and its 200-day moving average is $43.60. The company has a market capitalization of $6.74 billion, a price-to-earnings ratio of 13.33 and a beta of 0.71.

United Bankshares (NASDAQ:UBSI) last released its earnings results on Thursday, July 23rd. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.89 by $0.06. The business had revenue of $323.82 million during the quarter, compared to analysts’ expectations of $320.07 million. United Bankshares had a return on equity of 9.39% and a net margin of 27.97%.During the same quarter last year, the firm posted $0.85 earnings per share. Equities research analysts predict that United Bankshares, Inc. will post 3.71 earnings per share for the current year.

United Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.52 annualized dividend and a dividend yield of 3.1%. United Bankshares’s dividend payout ratio (DPR) is 41.42%.

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.