American Century Companies Inc. lifted its position in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 23.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 94,630 shares of the financial services provider's stock after purchasing an additional 18,246 shares during the quarter. American Century Companies Inc. owned 0.07% of United Bankshares worth $3,553,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in United Bankshares during the 4th quarter valued at $14,948,000. Assenagon Asset Management S.A. bought a new stake in shares of United Bankshares during the fourth quarter worth $7,383,000. Point72 Asset Management L.P. acquired a new stake in shares of United Bankshares in the third quarter valued at $6,186,000. Barclays PLC raised its holdings in shares of United Bankshares by 89.5% in the third 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, AlphaQuest LLC lifted its position in United Bankshares by 1,343.1% during the 4th quarter. AlphaQuest LLC now owns 81,407 shares of the financial services provider's stock worth $3,057,000 after buying an additional 75,766 shares in the last quarter. Institutional investors own 70.80% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on UBSI shares. Stephens restated an "equal weight" rating and issued a $43.00 price objective on shares of United Bankshares in a research report on Monday, January 27th. Piper Sandler reissued a "neutral" rating and issued a $38.50 price target on shares of United Bankshares in a report on Wednesday, March 12th. Keefe, Bruyette & Woods reduced their price objective on United Bankshares from $46.00 to $45.00 and set a "market perform" rating on the stock in a report on Monday, January 27th. Finally, StockNews.com lowered United Bankshares from a "hold" rating to a "sell" rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $41.88.
View Our Latest Stock Report on UBSI
United Bankshares Trading Up 0.3 %
Shares of NASDAQ:UBSI traded up $0.09 during trading on Friday, hitting $31.84. 783,838 shares of the company's stock were exchanged, compared to its average volume of 591,352. 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 has a market cap of $4.57 billion, a P/E ratio of 11.62 and a beta of 0.91. The firm has a 50-day moving average price of $35.24 and a two-hundred day moving average price of $37.63. United Bankshares, Inc. has a 1-year low of $30.51 and a 1-year high of $44.43.
United Bankshares (NASDAQ:UBSI - Get Free Report) last released its earnings results on Friday, January 24th. The financial services provider reported $0.69 EPS 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 quarter last year, the firm posted $0.59 earnings per share. Equities analysts predict 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. The ex-dividend date was Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 4.65%. United Bankshares's dividend payout ratio is presently 54.01%.
Insider Buying and Selling at United Bankshares
In related news, Director Sara Dumond bought 2,600 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was bought at an average cost of $35.01 per share, for a total transaction of $91,026.00. Following the transaction, the director now owns 5,054 shares of the company's stock, valued at $176,940.54. This represents a 105.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.66% of the company's stock.
About United Bankshares
(
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.
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