Natural Investments LLC acquired a new stake in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,101 shares of the financial services provider's stock, valued at approximately $304,000.
Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in United Bankshares during the fourth quarter worth $14,948,000. Vaughan Nelson Investment Management L.P. boosted its holdings in United Bankshares by 16.7% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,558,081 shares of the financial services provider's stock worth $57,805,000 after buying an additional 223,150 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in United Bankshares during the fourth quarter worth $7,383,000. Point72 Asset Management L.P. purchased a new stake in United Bankshares during the third quarter worth $6,186,000. Finally, Barclays PLC boosted its holdings in United Bankshares by 89.5% during the third quarter. Barclays PLC now owns 269,852 shares of the financial services provider's stock worth $10,012,000 after buying an additional 127,486 shares in the last quarter. 70.80% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, Director Mark R. Nesselroad sold 6,000 shares of the firm's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $39.16, for a total transaction of $234,960.00. Following the completion of the sale, the director now directly owns 35,424 shares in the company, valued at approximately $1,387,203.84. This trade represents a 14.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.66% of the company's stock.
Wall Street Analyst Weigh In
UBSI has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of United Bankshares from a "hold" rating to a "sell" rating in a report on Monday, January 27th. Keefe, Bruyette & Woods decreased their price objective on shares of United Bankshares from $46.00 to $45.00 and set a "market perform" rating on the stock in a report on Monday, January 27th. Piper Sandler reaffirmed a "neutral" rating and set a $38.50 price objective on shares of United Bankshares in a report on Wednesday. Finally, Stephens reaffirmed an "equal weight" rating and set a $43.00 price objective on shares of United Bankshares in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $41.88.
View Our Latest Stock Analysis on UBSI
United Bankshares Price Performance
Shares of NASDAQ UBSI traded up $0.53 during mid-day trading on Friday, reaching $34.56. The company's stock had a trading volume of 590,916 shares, compared to its average volume of 513,148. The stock has a 50-day moving average of $37.08 and a two-hundred day moving average of $38.22. The stock has a market capitalization of $4.95 billion, a P/E ratio of 12.61 and a beta of 0.98. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. United Bankshares, Inc. has a 1-year low of $30.68 and a 1-year high of $44.43.
United Bankshares (NASDAQ:UBSI - Get Free Report) last issued its earnings results on Friday, January 24th. The financial services provider reported $0.69 EPS for the quarter, beating 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 business earned $0.59 earnings per share. On average, equities research analysts anticipate that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.
United Bankshares Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend is Friday, March 14th. United Bankshares's dividend payout ratio (DPR) is 54.01%.
United Bankshares Company Profile
(
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.
Featured Articles
Before you consider United Bankshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Bankshares wasn't on the list.
While United Bankshares currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
