United Bankshares, Inc. (NASDAQ:UBSI) Stock Holdings Trimmed by First Trust Advisors LP

First Trust Advisors LP lessened its position in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 414,674 shares of the financial services provider's stock after selling 28,859 shares during the period. First Trust Advisors LP owned about 0.31% of United Bankshares worth $15,571,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in United Bankshares by 9.8% during the third quarter. JPMorgan Chase & Co. now owns 594,819 shares of the financial services provider's stock worth $22,068,000 after purchasing an additional 52,949 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of United Bankshares in the 4th quarter worth about $7,383,000. Truist Financial Corp boosted its holdings in shares of United Bankshares by 69.8% in the 4th quarter. Truist Financial Corp now owns 22,916 shares of the financial services provider's stock valued at $860,000 after buying an additional 9,418 shares during the period. Barclays PLC grew its position in shares of United Bankshares by 89.5% during the 3rd quarter. Barclays PLC now owns 269,852 shares of the financial services provider's stock valued at $10,012,000 after buying an additional 127,486 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in United Bankshares by 12.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,656 shares of the financial services provider's stock worth $214,000 after acquiring an additional 608 shares during the period. Institutional investors and hedge funds own 70.80% of the company's stock.

Analyst Ratings Changes

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

United Bankshares Stock Down 1.1 %

UBSI stock opened at $34.09 on Monday. The firm's 50-day moving average is $34.26 and its two-hundred day moving average is $37.45. 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 company has a market capitalization of $4.89 billion, a price-to-earnings 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 released its earnings results on Thursday, April 24th. The financial services provider reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.07). United Bankshares had a return on equity of 7.60% and a net margin of 22.94%. The firm had revenue of $289.61 million during the quarter, compared to analyst estimates of $279.02 million. On average, analysts forecast that United Bankshares, Inc. will post 2.81 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors 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 yield of 4.34%. United Bankshares's dividend payout ratio is currently 55.02%.

Insider Buying and Selling

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

United Bankshares 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.

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