Versor Investments LP Buys 11,900 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Versor Investments LP grew its holdings in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 112.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,500 shares of the financial services provider's stock after purchasing an additional 11,900 shares during the quarter. Versor Investments LP's holdings in United Bankshares were worth $845,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of UBSI. Wilmington Savings Fund Society FSB grew its holdings in United Bankshares by 1,921.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider's stock worth $54,000 after acquiring an additional 1,364 shares during the period. Principal Securities Inc. increased its holdings in United Bankshares by 10.1% in the fourth quarter. Principal Securities Inc. now owns 3,115 shares of the financial services provider's stock valued at $117,000 after purchasing an additional 285 shares during the last quarter. Milestone Asset Management LLC bought a new stake in United Bankshares in the fourth quarter valued at about $201,000. Choreo LLC acquired a new position in United Bankshares in the fourth quarter valued at about $206,000. Finally, Quest Partners LLC boosted its holdings in United Bankshares by 377.2% during the third quarter. Quest Partners LLC now owns 5,641 shares of the financial services provider's stock worth $209,000 after buying an additional 4,459 shares during the last quarter. Institutional investors and hedge funds own 70.80% of the company's stock.

United Bankshares Stock Down 0.2 %

UBSI traded down $0.07 during trading on Monday, reaching $36.07. The company had a trading volume of 799,604 shares, compared to its average volume of 514,314. The company has a market cap of $4.88 billion, a P/E ratio of 13.16 and a beta of 1.02. United Bankshares, Inc. has a 12 month low of $30.68 and a 12 month high of $44.43. 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 business's fifty day moving average price is $37.67 and its 200 day moving average price is $38.39.

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United Bankshares (NASDAQ:UBSI - Get Free Report) last announced its earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share 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 period last year, the firm posted $0.59 earnings per share. Equities analysts anticipate that United Bankshares, Inc. will post 2.81 EPS for the current year.

United Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.10%. United Bankshares's payout ratio is presently 54.01%.

Insider Activity at United Bankshares

In other news, Director Mark R. Nesselroad sold 6,000 shares of the business's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $39.16, for a total value of $234,960.00. Following the sale, the director now owns 35,424 shares of the company's stock, valued at $1,387,203.84. The trade was a 14.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.66% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UBSI. StockNews.com downgraded shares of United Bankshares from a "hold" rating to a "sell" rating in a research report on Monday, January 27th. Stephens reiterated an "equal weight" rating and issued a $43.00 target price on shares of United Bankshares in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods decreased 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 report on Monday, January 27th.

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.