United Bankshares, Inc. (NASDAQ:UBSI) Stock Holdings Increased by Earnest Partners LLC

Earnest Partners LLC raised its position in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,199,136 shares of the financial services provider's stock after buying an additional 29,898 shares during the quarter. Earnest Partners LLC owned about 3.11% of United Bankshares worth $157,678,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of UBSI. Integrated Investment Consultants LLC raised its position in shares of United Bankshares by 2.2% during the 4th quarter. Integrated Investment Consultants LLC now owns 12,537 shares of the financial services provider's stock valued at $471,000 after acquiring an additional 270 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of United Bankshares by 10.1% during the fourth quarter. Principal Securities Inc. now owns 3,115 shares of the financial services provider's stock worth $117,000 after purchasing an additional 285 shares during the period. Arizona State Retirement System lifted its position in shares of United Bankshares by 0.8% in the 4th quarter. Arizona State Retirement System now owns 39,225 shares of the financial services provider's stock worth $1,473,000 after buying an additional 296 shares during the last quarter. Jones Financial Companies Lllp lifted its position 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 buying an additional 310 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of United Bankshares by 2.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 12,432 shares of the financial services provider's stock valued at $467,000 after buying an additional 327 shares during the period. Institutional investors own 70.80% of the company's stock.

Insider Activity at United Bankshares

In other news, Director Sara Dumond bought 2,600 shares of the business's stock in a transaction on Monday, March 24th. The stock was purchased at an average cost of $35.01 per share, for a total transaction of $91,026.00. Following the completion of the transaction, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.66% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on UBSI shares. Keefe, Bruyette & Woods dropped 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 research note 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. StockNews.com lowered United Bankshares from a "hold" rating to a "sell" rating in a research report on Monday, January 27th. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $38.50 target price on shares of United Bankshares in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, United Bankshares presently has an average rating of "Hold" and an average target price of $41.88.

United Bankshares Price Performance

Shares of NASDAQ:UBSI opened at $34.09 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. The firm's 50 day moving average is $34.26 and its two-hundred day moving average is $37.44. The firm has a market capitalization of $4.89 billion, a P/E ratio of 12.44 and a beta of 0.91. United Bankshares, Inc. has a 52 week low of $30.51 and a 52 week high of $44.43.

United Bankshares (NASDAQ:UBSI - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.59 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.07). United Bankshares had a net margin of 22.94% and a return on equity of 7.60%. The business had revenue of $289.61 million during the quarter, compared to analyst estimates of $279.02 million. Analysts anticipate that United Bankshares, Inc. will post 2.81 earnings per share for the current year.

United Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 4.34%. The ex-dividend date was Friday, March 14th. United Bankshares's 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.

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