Natixis Advisors LLC Boosts Stock Holdings in United Bankshares, Inc. (NASDAQ:UBSI)

Natixis Advisors LLC lifted its position in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 347,564 shares of the financial services provider's stock after buying an additional 11,535 shares during the period. Natixis Advisors LLC owned about 0.26% of United Bankshares worth $13,051,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in United Bankshares during the fourth quarter valued at approximately $14,948,000. Assenagon Asset Management S.A. bought a new position in United Bankshares during the fourth quarter valued at approximately $7,383,000. Point72 Asset Management L.P. bought a new position in United Bankshares during the third quarter valued at approximately $6,186,000. Barclays PLC lifted its position in United Bankshares by 89.5% during the third quarter. Barclays PLC now owns 269,852 shares of the financial services provider's stock valued at $10,012,000 after purchasing an additional 127,486 shares during the period. Finally, Systematic Financial Management LP lifted its position in United Bankshares by 40.1% during the third quarter. Systematic Financial Management LP now owns 391,028 shares of the financial services provider's stock valued at $14,507,000 after purchasing an additional 111,989 shares during the period. Institutional investors own 70.80% of the company's stock.

United Bankshares Price Performance

Shares of NASDAQ UBSI traded down $0.33 during midday trading on Friday, reaching $34.38. The stock had a trading volume of 3,629,333 shares, compared to its average volume of 528,294. The stock has a 50-day moving average of $36.88 and a 200-day moving average of $38.08. 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 company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 12.55 and a beta of 0.98. United Bankshares, Inc. has a 12-month low of $30.68 and a 12-month high of $44.43.

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United Bankshares (NASDAQ:UBSI - Get Free Report) last announced its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.01. United Bankshares had a net margin of 22.94% and a return on equity of 7.60%. During the same period in the previous year, the firm earned $0.59 earnings per share. As a group, research analysts anticipate that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.30%. United Bankshares's dividend payout ratio (DPR) is presently 54.01%.

Analysts Set New Price Targets

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

United Bankshares 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.