Advisory Services Network LLC Invests $161,000 in United Bankshares, Inc. (NASDAQ:UBSI)

Advisory Services Network LLC bought a new position in United Bankshares, Inc. (NASDAQ:UBSIFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,288 shares of the financial services provider’s stock, valued at approximately $161,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Fifth Third Bancorp raised its holdings in United Bankshares by 206.0% in the 4th quarter. Fifth Third Bancorp now owns 976 shares of the financial services provider’s stock valued at $37,000 after buying an additional 657 shares during the last quarter. Hexagon Capital Partners LLC raised its holdings in United Bankshares by 449.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,345 shares of the financial services provider’s stock valued at $51,000 after buying an additional 1,100 shares during the last quarter. Anchor Investment Management LLC bought a new position in United Bankshares in the 4th quarter valued at approximately $95,000. Covestor Ltd raised its holdings in United Bankshares by 133.7% in the 3rd quarter. Covestor Ltd now owns 3,659 shares of the financial services provider’s stock valued at $101,000 after buying an additional 2,093 shares during the last quarter. Finally, Principal Securities Inc. bought a new position in United Bankshares in the 4th quarter valued at approximately $141,000. Institutional investors own 70.80% of the company’s stock.

United Bankshares Stock Up 0.4 %

United Bankshares stock opened at $32.07 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 0.99. United Bankshares, Inc. has a 52-week low of $25.35 and a 52-week high of $38.74. The firm has a 50 day moving average price of $33.62 and a two-hundred day moving average price of $34.84. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 12.24 and a beta of 0.99.

United Bankshares (NASDAQ:UBSIGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). United Bankshares had a return on equity of 7.72% and a net margin of 22.51%. The company had revenue of $401.39 million for the quarter, compared to analyst estimates of $256.80 million. During the same period last year, the business earned $0.74 EPS. Equities analysts predict that United Bankshares, Inc. will post 2.62 EPS for the current year.

United Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend is Friday, June 14th. United Bankshares’s dividend payout ratio (DPR) is presently 56.49%.

Analyst Ratings Changes

Several research firms have issued reports on UBSI. Keefe, Bruyette & Woods lowered their price target on shares of United Bankshares from $40.00 to $38.00 and set a “market perform” rating for the company in a report on Friday, May 3rd. Stephens lowered their price target on shares of United Bankshares from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $37.00.

Get Our Latest Stock Analysis on United Bankshares

United Bankshares Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for United Bankshares (NASDAQ:UBSI)

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