United Bankshares, Inc. (NASDAQ:UBSI) Shares Acquired by Invesco Ltd.

Invesco Ltd. boosted its position in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 900,377 shares of the financial services provider's stock after buying an additional 61,109 shares during the period. Invesco Ltd. owned approximately 0.67% of United Bankshares worth $33,809,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. HighTower Advisors LLC raised its stake in shares of United Bankshares by 1.7% during the 3rd quarter. HighTower Advisors LLC now owns 19,542 shares of the financial services provider's stock worth $730,000 after buying an additional 332 shares in the last quarter. Stifel Financial Corp grew its holdings in United Bankshares by 11.1% during the third quarter. Stifel Financial Corp now owns 43,822 shares of the financial services provider's stock worth $1,626,000 after acquiring an additional 4,381 shares during the period. Barclays PLC raised its position in 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 acquiring an additional 127,486 shares in the last quarter. Tidal Investments LLC raised its position in United Bankshares by 8.9% in the third quarter. Tidal Investments LLC now owns 10,970 shares of the financial services provider's stock worth $407,000 after acquiring an additional 893 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in United Bankshares by 9.8% in the third quarter. JPMorgan Chase & Co. now owns 594,819 shares of the financial services provider's stock valued at $22,068,000 after acquiring an additional 52,949 shares during the period. 70.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other United Bankshares news, Director Sara Dumond purchased 2,600 shares of United Bankshares stock in a transaction on Monday, March 24th. The shares were bought at an average price of $35.01 per share, with a total value of $91,026.00. Following the purchase, the director now directly owns 5,054 shares in the company, valued at $176,940.54. This trade represents a 105.95 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.66% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on UBSI. StockNews.com cut shares of United Bankshares from a "hold" rating to a "sell" rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods lowered their target price 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. Stephens reiterated an "equal weight" rating and set a $43.00 price target on shares of United Bankshares in a research report on Monday, January 27th. Finally, Piper Sandler restated a "neutral" rating and issued a $38.50 price target on shares of United Bankshares in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $41.88.

United Bankshares Price Performance

Shares of UBSI traded up $0.93 during mid-day trading on Wednesday, reaching $34.86. 187,313 shares of the company's stock were exchanged, compared to its average volume of 606,627. 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, Inc. has a 52-week low of $30.51 and a 52-week high of $44.43. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 12.72 and a beta of 0.91. The company has a 50-day simple moving average of $34.48 and a two-hundred day simple moving average of $37.48.

United Bankshares (NASDAQ:UBSI - Get Free Report) last released its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share 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 prior year, the business earned $0.59 earnings per share. On average, sell-side analysts predict that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.48 annualized dividend and a dividend yield of 4.25%. United Bankshares's dividend payout ratio is currently 54.01%.

About United Bankshares

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.