United Bankshares, Inc. $UBSI Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 46.3% in the 1st quarter, Holdings Channel reports. The firm owned 146,514 shares of the financial services provider’s stock after selling 126,478 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in United Bankshares were worth $6,069,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank bought a new stake in shares of United Bankshares in the 4th quarter worth approximately $68,366,000. Vaughan Nelson Investment Management L.P. bought a new position in United Bankshares during the 1st quarter worth $34,476,000. AQR Capital Management LLC increased its position in United Bankshares by 74.7% in the fourth quarter. AQR Capital Management LLC now owns 1,625,205 shares of the financial services provider’s stock worth $62,408,000 after buying an additional 694,953 shares during the period. Goldman Sachs Group Inc. increased its position in United Bankshares by 75.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,177,051 shares of the financial services provider’s stock worth $45,199,000 after buying an additional 504,986 shares during the period. Finally, Bank of America Corp DE lifted its stake in United Bankshares by 20.5% in the first quarter. Bank of America Corp DE now owns 1,631,894 shares of the financial services provider’s stock valued at $67,593,000 after buying an additional 277,836 shares during the last quarter. 70.80% of the stock is currently owned by institutional investors and hedge funds.

United Bankshares Stock Performance

UBSI opened at $48.91 on Tuesday. The business has a 50 day moving average price of $45.78 and a two-hundred day moving average price of $43.60. 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 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, Inc. has a 1-year low of $34.10 and a 1-year high of $49.27.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. The company had revenue of $323.82 million for 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 period last year, the firm earned $0.85 EPS. Research analysts predict that United Bankshares, Inc. will post 3.71 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 12th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, June 12th. United Bankshares’s payout ratio is presently 41.42%.

Analysts Set New Price Targets

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

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.