Segall Bryant & Hamill LLC Boosts Stock Position in United Bankshares, Inc. (NASDAQ:UBSI)

Segall Bryant & Hamill LLC increased its position in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 10.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 213,238 shares of the financial services provider's stock after buying an additional 20,591 shares during the period. Segall Bryant & Hamill LLC owned 0.16% of United Bankshares worth $7,911,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. UMB Bank n.a. increased its holdings in United Bankshares by 237.6% during the 3rd quarter. UMB Bank n.a. now owns 844 shares of the financial services provider's stock worth $31,000 after purchasing an additional 594 shares in the last quarter. GAMMA Investing LLC increased its holdings in United Bankshares by 253.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,545 shares of the financial services provider's stock worth $50,000 after purchasing an additional 1,108 shares in the last quarter. New Covenant Trust Company N.A. bought a new stake in United Bankshares during the 1st quarter worth approximately $79,000. Innealta Capital LLC bought a new stake in United Bankshares during the 2nd quarter worth approximately $116,000. Finally, Marathon Strategic Advisors LLC bought a new stake in United Bankshares during the 3rd quarter worth approximately $206,000. 70.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UBSI has been the subject of a number of recent research reports. DA Davidson boosted their price objective on United Bankshares from $36.00 to $41.00 and gave the stock a "neutral" rating in a report on Friday, July 26th. Keefe, Bruyette & Woods upped their target price on United Bankshares from $38.00 to $40.00 and gave the company a "market perform" rating in a report on Friday, July 26th. StockNews.com raised United Bankshares from a "sell" rating to a "hold" rating in a report on Wednesday, November 13th. Finally, Stephens upped their target price on United Bankshares from $36.00 to $39.00 and gave the company an "equal weight" rating in a report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, United Bankshares presently has an average rating of "Hold" and an average target price of $40.25.

Insider Buying and Selling at United Bankshares

In other United Bankshares news, Director Peter A. Converse sold 5,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $40.00, for a total transaction of $200,000.00. Following the sale, the director now owns 434,769 shares in the company, valued at $17,390,760. This represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.66% of the stock is owned by corporate insiders.

United Bankshares Stock Performance

Shares of UBSI stock traded up $1.07 during trading on Friday, hitting $42.81. The company's stock had a trading volume of 486,556 shares, compared to its average volume of 524,827. The business has a fifty day moving average of $38.34 and a 200-day moving average of $35.97. United Bankshares, Inc. has a 52 week low of $30.68 and a 52 week high of $43.77. The company has a market cap of $5.79 billion, a PE ratio of 16.22 and a beta of 0.98. 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 (NASDAQ:UBSI - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.03. United Bankshares had a return on equity of 7.58% and a net margin of 22.05%. The business had revenue of $414.67 million during the quarter, compared to analyst estimates of $260.30 million. During the same period in the prior year, the company 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 year.

United Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.46%. The ex-dividend date is Friday, December 13th. United Bankshares's dividend payout ratio (DPR) is 56.06%.

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.