United Bankshares, Inc. (NASDAQ:UBSI) Stock Position Lowered by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 94.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,021 shares of the financial services provider’s stock after selling 70,994 shares during the quarter. SG Americas Securities LLC’s holdings in United Bankshares were worth $151,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in UBSI. Point72 Asset Management L.P. purchased a new position in shares of United Bankshares during the 4th quarter valued at $43,000. Key Financial Inc raised its position in United Bankshares by 735.6% during the third quarter. Key Financial Inc now owns 1,830 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 1,611 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in United Bankshares by 427.8% in the first quarter. Steward Partners Investment Advisory LLC now owns 1,974 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 1,600 shares during the last quarter. Covestor Ltd grew its position in United Bankshares by 74.7% in the first quarter. Covestor Ltd now owns 2,420 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 1,035 shares in the last quarter. Finally, Anchor Investment Management LLC acquired a new position in shares of United Bankshares during the 4th quarter worth $95,000. Institutional investors and hedge funds own 70.80% of the company’s stock.

United Bankshares Trading Down 1.3 %

NASDAQ:UBSI opened at $32.47 on Wednesday. The company’s 50 day moving average is $34.40 and its 200-day moving average is $33.66. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.37. United Bankshares, Inc. has a 12 month low of $25.35 and a 12 month high of $38.74. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 11.98 and a beta of 1.00.

United Bankshares (NASDAQ:UBSI) last released its earnings results on Friday, January 26th. The financial services provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.65 by $0.01. The firm had revenue of $402.85 million during the quarter, compared to analysts’ expectations of $258.98 million. United Bankshares had a net margin of 23.84% and a return on equity of 8.05%. During the same period in the prior year, the company earned $0.74 EPS. Equities analysts anticipate that United Bankshares, Inc. will post 2.64 EPS for the current year.

United Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were issued a $0.37 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.56%. United Bankshares’s payout ratio is presently 54.61%.

Analysts Set New Price Targets

Separately, Raymond James increased their target price on shares of United Bankshares from $38.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th.

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.