Inceptionr LLC bought a new position in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,425 shares of the financial services provider's stock, valued at approximately $316,000.
Several other hedge funds have also recently added to or reduced their stakes in UBSI. SBI Securities Co. Ltd. acquired a new position in United Bankshares during the 4th quarter worth approximately $26,000. Jones Financial Companies Lllp lifted its position 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 purchasing an additional 310 shares during 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. Principal Securities Inc. increased its holdings in 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 buying an additional 285 shares during the last quarter. Finally, Milestone Asset Management LLC acquired a new stake in United Bankshares in the fourth quarter valued at $201,000. Institutional investors and hedge funds own 70.80% of the company's stock.
United Bankshares Stock Performance
Shares of UBSI stock opened at $35.08 on Monday. United Bankshares, Inc. has a 1 year low of $30.68 and a 1 year high of $44.43. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 12.80 and a beta of 0.98. The stock's 50-day moving average is $37.39 and its two-hundred day moving average is $38.35.
United Bankshares (NASDAQ:UBSI - Get Free Report) last released its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.69 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 last year, the business earned $0.59 EPS. Analysts predict that United Bankshares, Inc. will post 2.81 earnings per share for the current year.
United Bankshares Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 4.22%. United Bankshares's dividend payout ratio (DPR) is 54.01%.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods lowered their price objective on United Bankshares from $46.00 to $45.00 and set a "market perform" rating for the company in a research report on Monday, January 27th. StockNews.com downgraded United Bankshares from a "hold" rating to a "sell" rating in a report on Monday, January 27th. Finally, Stephens reissued an "equal weight" rating and set a $43.00 price objective on shares of United Bankshares in a report on Monday, January 27th.
Check Out Our Latest Stock Analysis on UBSI
Insider Buying and Selling
In other news, Director Mark R. Nesselroad sold 6,000 shares of the company's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $39.16, for a total value of $234,960.00. Following the completion of the sale, the director now directly owns 35,424 shares of the company's stock, valued at approximately $1,387,203.84. This represents a 14.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.66% of the stock is owned by company insiders.
United Bankshares Company Profile
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Free Report)
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.
Further Reading
Want to see what other hedge funds are holding UBSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Bankshares, Inc. (NASDAQ:UBSI - Free Report).
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