Gamco Investors INC. ET AL Takes $282,000 Position in United Bankshares, Inc. (NASDAQ:UBSI)

Gamco Investors INC. ET AL acquired a new stake in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,500 shares of the financial services provider's stock, valued at approximately $282,000.

Several other large investors also recently modified their holdings of UBSI. SBI Securities Co. Ltd. bought a new position in United Bankshares during the 4th quarter valued at $26,000. Jones Financial Companies Lllp grew its stake 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 worth $33,000 after purchasing an additional 310 shares in the last quarter. Wilmington Savings Fund Society FSB increased its holdings in United Bankshares by 1,921.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider's stock valued at $54,000 after buying an additional 1,364 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in United Bankshares by 37.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,480 shares of the financial services provider's stock valued at $56,000 after buying an additional 400 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in United Bankshares during the 4th quarter worth approximately $85,000. 70.80% of the stock is currently owned by institutional investors and hedge funds.

United Bankshares Stock Performance

NASDAQ:UBSI traded up $0.54 during mid-day trading on Wednesday, hitting $34.47. The stock had a trading volume of 1,108,702 shares, compared to its average volume of 610,248. United Bankshares, Inc. has a 52 week low of $30.51 and a 52 week high of $44.43. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 12.58 and a beta of 0.91. The company has a 50 day simple moving average of $34.48 and a 200-day simple moving average of $37.48.

United Bankshares (NASDAQ:UBSI - Get Free Report) last issued its quarterly earnings data 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 quarter in the prior year, the firm earned $0.59 earnings per share. On average, research analysts expect that United Bankshares, Inc. will post 2.81 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend was Friday, March 14th. United Bankshares's dividend payout ratio is currently 54.01%.

Wall Street Analyst Weigh In

UBSI has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price target on 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. Piper Sandler restated a "neutral" rating and issued a $38.50 price target on shares of United Bankshares in a research report on Wednesday, March 12th. Stephens reiterated an "equal weight" rating and set a $43.00 price objective on shares of United Bankshares in a research note on Monday, January 27th. Finally, StockNews.com downgraded United Bankshares from a "hold" rating to a "sell" rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, United Bankshares presently has a consensus rating of "Hold" and a consensus price target of $41.88.

Insider Buying and Selling

In other news, Director Sara Dumond bought 2,600 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were purchased at an average price of $35.01 per share, with a total value 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. This trade represents a 105.95 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.66% of the company's stock.

About United Bankshares

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.