Barclays PLC Has $10.01 Million Stake in United Bankshares, Inc. (NASDAQ:UBSI)

Barclays PLC grew its position in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 89.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 269,852 shares of the financial services provider's stock after purchasing an additional 127,486 shares during the period. Barclays PLC owned approximately 0.20% of United Bankshares worth $10,012,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in UBSI. Inspire Investing LLC lifted its stake in shares of United Bankshares by 2.7% in the 3rd quarter. Inspire Investing LLC now owns 11,095 shares of the financial services provider's stock worth $412,000 after acquiring an additional 291 shares during the period. HighTower Advisors LLC lifted its position in United Bankshares by 1.7% in the third quarter. HighTower Advisors LLC now owns 19,542 shares of the financial services provider's stock worth $730,000 after purchasing an additional 332 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in United Bankshares by 5.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,587 shares of the financial services provider's stock valued at $214,000 after purchasing an additional 350 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in United Bankshares by 3.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 12,328 shares of the financial services provider's stock valued at $457,000 after purchasing an additional 427 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of United Bankshares by 4.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,367 shares of the financial services provider's stock valued at $401,000 after purchasing an additional 479 shares during the period. 70.80% of the stock is currently owned by institutional investors and hedge funds.

United Bankshares Price Performance

United Bankshares stock traded down $1.02 during mid-day trading on Tuesday, hitting $40.01. The company's stock had a trading volume of 493,809 shares, compared to its average volume of 521,166. The stock's fifty day moving average price is $40.04 and its two-hundred day moving average price is $36.99. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $5.41 billion, a P/E ratio of 15.16 and a beta of 1.01. United Bankshares, Inc. has a twelve month low of $30.68 and a twelve month high of $44.43.

United Bankshares (NASDAQ:UBSI - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.03. The business had revenue of $414.67 million during the quarter, compared to analyst estimates of $260.30 million. United Bankshares had a return on equity of 7.58% and a net margin of 22.05%. During the same period in the previous year, the company earned $0.71 EPS. Research analysts forecast that United Bankshares, Inc. will post 2.73 earnings per share for the current year.

United Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Friday, December 13th. United Bankshares's dividend payout ratio (DPR) is currently 56.06%.

Insider Activity

In other United Bankshares news, Director Peter A. Converse sold 5,000 shares of United Bankshares stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $40.00, for a total transaction of $200,000.00. Following the sale, the director now directly owns 434,769 shares of the company's stock, valued at approximately $17,390,760. The trade was a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J Paul Mcnamara sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.86, for a total value of $107,150.00. Following the completion of the transaction, the director now directly owns 63,409 shares of the company's stock, valued at approximately $2,717,709.74. The trade was a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.66% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded United Bankshares from a "sell" rating to a "hold" rating in a report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $40.25.

United Bankshares Company 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.