8,106 Shares in United Bankshares, Inc. (NASDAQ:UBSI) Purchased by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd purchased a new stake in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,106 shares of the financial services provider's stock, valued at approximately $304,000.

Other large investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in United Bankshares in the fourth quarter valued at about $26,000. Jones Financial Companies Lllp increased its holdings in United Bankshares by 55.8% in the fourth quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 310 shares during the period. Wilmington Savings Fund Society FSB raised its position in United Bankshares by 1,921.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider's stock worth $54,000 after purchasing an additional 1,364 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in United Bankshares by 37.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,480 shares of the financial services provider's stock worth $56,000 after buying an additional 400 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of United Bankshares in the 4th quarter valued at about $85,000. Institutional investors and hedge funds own 70.80% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on UBSI. Piper Sandler reaffirmed a "neutral" rating and issued a $38.50 price objective on shares of United Bankshares in a research note on Wednesday, March 12th. Keefe, Bruyette & Woods dropped their price target on shares of United Bankshares from $46.00 to $45.00 and set a "market perform" rating on the stock in a research report on Monday, January 27th. StockNews.com cut shares of United Bankshares from a "hold" rating to a "sell" rating in a research report on Monday, January 27th. Finally, Stephens restated an "equal weight" rating and issued a $43.00 target price on shares of United Bankshares in a report on Monday, January 27th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, United Bankshares has an average rating of "Hold" and an average target price of $41.88.

Insider Buying and Selling

In other United Bankshares news, Director Sara Dumond bought 2,600 shares of the business's stock in a transaction dated Monday, March 24th. The shares were purchased at an average price of $35.01 per share, for a total transaction of $91,026.00. Following the purchase, the director now directly owns 5,054 shares of the company's stock, valued at approximately $176,940.54. This represents a 105.95 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.66% of the stock is currently owned by company insiders.

United Bankshares Trading Up 0.3 %

UBSI traded up $0.09 during trading on Friday, hitting $31.84. The company's stock had a trading volume of 783,838 shares, compared to its average volume of 592,388. The firm has a market capitalization of $4.57 billion, a P/E ratio of 11.62 and a beta of 0.91. United Bankshares, Inc. has a twelve month low of $30.51 and a twelve month high of $44.43. The stock's fifty day moving average price is $35.24 and its 200-day moving average price is $37.64. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11.

United Bankshares (NASDAQ:UBSI - Get Free Report) last announced its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. United Bankshares had a return on equity of 7.60% and a net margin of 22.94%. During the same period last year, the company earned $0.59 EPS. Analysts anticipate 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 Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend was Friday, March 14th. United Bankshares's payout ratio is presently 54.01%.

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.