United Bankshares, Inc. (NASDAQ:UBSI) Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC raised its position in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,221,493 shares of the financial services provider's stock after acquiring an additional 16,782 shares during the quarter. Fisher Asset Management LLC owned approximately 0.90% of United Bankshares worth $45,317,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. UMB Bank n.a. lifted its holdings in United Bankshares by 237.6% during the 3rd quarter. UMB Bank n.a. now owns 844 shares of the financial services provider's stock worth $31,000 after buying an additional 594 shares in the last quarter. GAMMA Investing LLC lifted its holdings in United Bankshares by 253.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,545 shares of the financial services provider's stock worth $50,000 after buying an additional 1,108 shares in the last quarter. New Covenant Trust Company N.A. acquired a new stake in United Bankshares during the 1st quarter worth approximately $79,000. Innealta Capital LLC acquired a new stake in United Bankshares during the 2nd quarter worth approximately $116,000. Finally, Marathon Strategic Advisors LLC acquired a new position in shares of United Bankshares during the third quarter worth about $206,000. Institutional investors and hedge funds own 70.80% of the company's stock.

United Bankshares Stock Performance

Shares of UBSI stock traded down $0.35 during mid-day trading on Wednesday, hitting $42.52. 108,477 shares of the stock were exchanged, compared to its average volume of 523,559. United Bankshares, Inc. has a 12-month low of $30.68 and a 12-month high of $44.43. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.97. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 16.22 and a beta of 0.98. The stock's fifty day simple moving average is $38.68 and its two-hundred day simple moving average is $36.18.

United Bankshares (NASDAQ:UBSI - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.70 earnings per share 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 the consensus estimate 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 prior year, the company earned $0.71 earnings per share. On average, analysts forecast that United Bankshares, Inc. will post 2.73 EPS for the current year.

United Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, December 13th. This represents a $1.48 annualized dividend and a dividend yield of 3.48%. United Bankshares's dividend payout ratio (DPR) is 56.06%.

Wall Street Analysts Forecast Growth

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

Insider Activity at United Bankshares

In other United Bankshares news, Director Peter A. Converse sold 5,000 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $40.00, for a total value of $200,000.00. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director J Paul Mcnamara sold 2,500 shares of United Bankshares stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.86, for a total transaction of $107,150.00. Following the completion of the sale, the director now directly owns 63,409 shares in the company, valued at approximately $2,717,709.74. The trade was a 3.79 % decrease in their position. The disclosure for this sale can be found here. 3.66% of the stock is currently owned by 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.