United Bankshares, Inc. (NASDAQ:UBSI) Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 9.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 594,819 shares of the financial services provider's stock after purchasing an additional 52,949 shares during the quarter. JPMorgan Chase & Co. owned 0.44% of United Bankshares worth $22,068,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. ProShare Advisors LLC lifted its holdings in shares of United Bankshares by 110.4% in the 2nd quarter. ProShare Advisors LLC now owns 2,206,434 shares of the financial services provider's stock worth $71,577,000 after buying an additional 1,157,579 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in United Bankshares by 16.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,558,081 shares of the financial services provider's stock valued at $57,805,000 after buying an additional 223,150 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in United Bankshares in the 3rd quarter worth approximately $6,186,000. Dimensional Fund Advisors LP increased its position in shares of United Bankshares by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,907,665 shares of the financial services provider's stock valued at $256,521,000 after acquiring an additional 142,545 shares during the period. Finally, Barclays PLC raised its stake in shares of United Bankshares by 89.5% in the third quarter. Barclays PLC now owns 269,852 shares of the financial services provider's stock worth $10,012,000 after purchasing an additional 127,486 shares during the last quarter. Institutional investors own 70.80% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of United Bankshares from a "sell" rating to a "hold" rating in a report on Wednesday, November 13th.

United Bankshares Trading Up 0.3 %

NASDAQ UBSI traded up $0.11 during trading hours on Thursday, reaching $36.92. The company had a trading volume of 459,002 shares, compared to its average volume of 496,040. The stock has a 50-day moving average of $40.18 and a 200 day moving average of $37.68. The company has a current ratio of 0.97, a quick ratio of 0.96 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 stock has a market capitalization of $4.99 billion, a P/E ratio of 13.98 and a beta of 1.03.

United Bankshares (NASDAQ:UBSI - Get Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.03. United Bankshares had a net margin of 22.05% and a return on equity of 7.58%. The firm had revenue of $414.67 million for the quarter, compared to analyst estimates of $260.30 million. During the same period in the prior year, the firm earned $0.71 earnings per share. As a group, research analysts anticipate that United Bankshares, Inc. will post 2.73 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date was Friday, December 13th. United Bankshares's dividend payout ratio is currently 56.06%.

Insider Activity

In other United Bankshares news, Director Peter A. Converse sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $40.00, for a total transaction of $200,000.00. Following the transaction, the director now owns 434,769 shares of the company's stock, valued at $17,390,760. This trade represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director J Paul Mcnamara sold 2,500 shares of United Bankshares stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.86, for a total transaction of $107,150.00. Following the transaction, the director now directly owns 63,409 shares in the company, valued at approximately $2,717,709.74. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,500 shares of company stock valued at $542,110. Company insiders own 3.66% of the company's stock.

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.