Dynamic Technology Lab Private Ltd Purchases 28,416 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Dynamic Technology Lab Private Ltd raised its position in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 393.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,633 shares of the financial services provider's stock after buying an additional 28,416 shares during the period. Dynamic Technology Lab Private Ltd's holdings in United Bankshares were worth $1,338,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of UBSI. Norges Bank acquired a new stake in shares of United Bankshares in the fourth quarter valued at approximately $54,712,000. Raymond James Financial Inc. bought a new stake in United Bankshares in the fourth quarter valued at about $14,948,000. JPMorgan Chase & Co. lifted its stake in United Bankshares by 39.7% in the fourth quarter. JPMorgan Chase & Co. now owns 830,774 shares of the financial services provider's stock valued at $31,196,000 after buying an additional 235,955 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of United Bankshares during the 4th quarter worth about $7,383,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of United Bankshares in the 3rd quarter valued at approximately $6,186,000. 70.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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Insider Buying and Selling at United Bankshares

In other United Bankshares news, Director Sara Dumond acquired 2,600 shares of the business's stock in a transaction on Monday, March 24th. The stock was purchased at an average price of $35.01 per share, with a total value of $91,026.00. Following the acquisition, the director now directly owns 5,054 shares of the company's stock, valued at approximately $176,940.54. This trade represents a 105.95 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.66% of the company's stock.

United Bankshares Stock Performance

United Bankshares stock traded down $0.26 during mid-day trading on Friday, hitting $31.49. 274,691 shares of the company's stock traded hands, compared to its average volume of 589,000. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $35.37 and a two-hundred day simple moving average of $37.66. United Bankshares, Inc. has a fifty-two week low of $30.51 and a fifty-two week high of $44.43. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 11.48 and a beta of 0.91.

United Bankshares (NASDAQ:UBSI - Get Free Report) last posted its earnings results 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 quarter in the previous year, the firm posted $0.59 earnings per share. On average, research analysts expect 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. Investors of record on Friday, March 14th were paid a $0.37 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 4.70%. United Bankshares's dividend payout ratio (DPR) is presently 54.01%.

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.