Insider Buying: United Bankshares, Inc. (NASDAQ:UBSI) Director Acquires 2,600 Shares of Stock

United Bankshares, Inc. (NASDAQ:UBSI - Get Free Report) Director Sara Dumond bought 2,600 shares of the 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 purchase, the director now owns 5,054 shares of the company's stock, valued at approximately $176,940.54. This represents a 105.95 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

United Bankshares Price Performance

Shares of NASDAQ UBSI traded down $0.46 during midday trading on Friday, hitting $34.40. The company had a trading volume of 403,724 shares, compared to its average volume of 562,255. United Bankshares, Inc. has a twelve month low of $30.68 and a twelve month high of $44.43. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 12.55 and a beta of 0.98. The business has a 50-day simple moving average of $36.68 and a two-hundred day simple moving average of $38.02. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11.

United Bankshares (NASDAQ:UBSI - Get Free Report) last posted 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 previous year, the business earned $0.59 EPS. Equities research analysts anticipate that United Bankshares, Inc. will post 2.81 earnings per share for the current year.

United Bankshares Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UBSI. Keefe, Bruyette & Woods decreased their price target on United Bankshares from $46.00 to $45.00 and set a "market perform" rating for the company in a report on Monday, January 27th. StockNews.com cut United Bankshares from a "hold" rating to a "sell" rating in a research note on Monday, January 27th. Stephens reaffirmed an "equal weight" rating and issued a $43.00 price target on shares of United Bankshares in a report on Monday, January 27th. Finally, Piper Sandler reissued a "neutral" rating and set a $38.50 price objective on shares of United Bankshares in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $41.88.

Institutional Trading of United Bankshares

Several large investors have recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new stake in shares of United Bankshares during the 4th quarter valued at approximately $26,000. Jones Financial Companies Lllp lifted its stake in shares of United Bankshares by 55.8% in the 4th quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider's stock worth $33,000 after acquiring an additional 310 shares during the period. Wilmington Savings Fund Society FSB boosted its stake in United Bankshares by 1,921.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 1,364 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted 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 shares of United Bankshares during the 4th quarter valued at about $85,000. 70.80% of the stock is currently owned by institutional investors and hedge funds.

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.