EntryPoint Capital LLC Takes Position in United Bankshares, Inc. (NASDAQ:UBSI)

EntryPoint Capital LLC purchased a new stake in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,268 shares of the financial services provider's stock, valued at approximately $310,000.

A number of other institutional investors also recently modified their holdings of UBSI. SBI Securities Co. Ltd. acquired a new position in United Bankshares during the fourth quarter worth $26,000. Jones Financial Companies Lllp boosted its stake in shares of United Bankshares by 55.8% during the 4th quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider's stock worth $33,000 after buying an additional 310 shares during the last quarter. Wilmington Savings Fund Society FSB grew its holdings in shares of United Bankshares by 1,921.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider's stock valued at $54,000 after acquiring an additional 1,364 shares in the last quarter. Principal Securities Inc. increased its position in shares of United Bankshares by 10.1% in the fourth quarter. Principal Securities Inc. now owns 3,115 shares of the financial services provider's stock valued at $117,000 after acquiring an additional 285 shares during the last quarter. Finally, Hopwood Financial Services Inc. bought a new stake in United Bankshares during the fourth quarter worth about $117,000. 70.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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United Bankshares Stock Performance

Shares of UBSI traded down $0.24 during mid-day trading on Tuesday, reaching $34.43. The company's stock had a trading volume of 809,179 shares, compared to its average volume of 565,255. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. United Bankshares, Inc. has a 1-year low of $30.68 and a 1-year high of $44.43. The business has a 50-day simple moving average of $36.44 and a two-hundred day simple moving average of $37.99. The stock has a market cap of $4.93 billion, a P/E ratio of 12.57 and a beta of 0.98.

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, beating 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 quarter in the prior year, the business posted $0.59 earnings per share. As a group, equities research analysts anticipate that United Bankshares, Inc. will post 2.81 earnings per share for the current fiscal year.

United Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend is Friday, March 14th. United Bankshares's payout ratio is 54.01%.

Insider Activity at United Bankshares

In other news, Director Sara Dumond acquired 2,600 shares of United Bankshares stock in a transaction dated Monday, March 24th. The stock was bought at an average price of $35.01 per share, for a total transaction of $91,026.00. Following the completion of the acquisition, the director now directly owns 5,054 shares in the company, valued at approximately $176,940.54. The trade was a 105.95 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.66% of the stock is owned by company insiders.

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.