Jefferies Financial Group Inc. Makes New Investment in United Bankshares, Inc. (NASDAQ:UBSI)

Key Points

• Jefferies Financial Group Inc. recently acquired 23,170 shares of United Bankshares, Inc. (NASDAQ:UBSI), valued at approximately $803,000.
• United Bankshares shares are currently trading at $35.62, down 0.4%, with a market cap of $5.06 billion and a PE ratio of 12.59.
• The company recently announced a quarterly dividend of $0.37 per share, yielding 4.2%, with a payout ratio of 52.30%.

Jefferies Financial Group Inc. acquired a new position in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 23,170 shares of the financial services provider's stock, valued at approximately $803,000.

Other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its position in shares of United Bankshares by 726.5% in the 1st quarter. Farther Finance Advisors LLC now owns 967 shares of the financial services provider's stock worth $33,000 after acquiring an additional 850 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in United Bankshares by 144.2% during the first quarter. Meeder Asset Management Inc. now owns 1,155 shares of the financial services provider's stock worth $40,000 after purchasing an additional 682 shares during the last quarter. CWM LLC boosted its holdings in United Bankshares by 226.9% in the first quarter. CWM LLC now owns 1,651 shares of the financial services provider's stock worth $57,000 after purchasing an additional 1,146 shares during the period. Fifth Third Bancorp increased its stake in United Bankshares by 44.4% during the first quarter. Fifth Third Bancorp now owns 1,699 shares of the financial services provider's stock valued at $59,000 after purchasing an additional 522 shares during the last quarter. Finally, Hughes Financial Services LLC bought a new stake in United Bankshares during the first quarter valued at $60,000. 70.80% of the stock is owned by institutional investors and hedge funds.

United Bankshares Stock Performance

Shares of UBSI traded down $0.25 during midday trading on Thursday, hitting $35.37. 566,774 shares of the stock traded hands, compared to its average volume of 866,355. The business's 50 day moving average price is $36.48 and its two-hundred day moving average price is $35.91. The firm has a market capitalization of $5.02 billion, a PE ratio of 12.59 and a beta of 0.79. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.98 and a current ratio of 0.98. United Bankshares, Inc. has a 1-year low of $30.50 and a 1-year high of $44.43.

United Bankshares (NASDAQ:UBSI - Get Free Report) last posted its earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.08. United Bankshares had a net margin of 23.14% and a return on equity of 7.65%. The firm had revenue of $306.00 million during the quarter, compared to analyst estimates of $297.98 million. During the same period in the previous year, the business posted $0.71 EPS. Equities research analysts predict that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 4.2%. The ex-dividend date was Friday, June 13th. United Bankshares's dividend payout ratio (DPR) is currently 52.30%.

Analysts Set New Price Targets

UBSI has been the subject of several research reports. Keefe, Bruyette & Woods decreased their price target on shares of United Bankshares from $42.00 to $40.00 and set a "market perform" rating for the company in a report on Monday, April 28th. Wall Street Zen downgraded United Bankshares from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st.

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.