Advantage Alpha Capital Partners LP Cuts Holdings in United Bankshares, Inc. $UBSI

Key Points

• Advantage Alpha Capital Partners LP has decreased its stake in United Bankshares, Inc. by 60.8% during the first quarter, now holding 6,034 shares valued at $209,000.
• Other institutional investors like Farther Finance Advisors LLC and Meeder Asset Management Inc. have significantly increased their investments in United Bankshares, with increases of 726.5% and 144.2% respectively.
• Analysts have provided mixed ratings on United Bankshares, with a consensus target price of $40.50 and a majority rating it as a "Hold."

Advantage Alpha Capital Partners LP lowered its position in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 60.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,034 shares of the financial services provider's stock after selling 9,372 shares during the period. Advantage Alpha Capital Partners LP's holdings in United Bankshares were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in United Bankshares by 726.5% in the first quarter. Farther Finance Advisors LLC now owns 967 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 850 shares during the period. Meeder Asset Management Inc. lifted its holdings in United Bankshares by 144.2% in the first quarter. Meeder Asset Management Inc. now owns 1,155 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 682 shares during the period. CWM LLC lifted 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 valued at $57,000 after acquiring an additional 1,146 shares during the period. Fifth Third Bancorp lifted its holdings in United Bankshares by 44.4% in the first quarter. Fifth Third Bancorp now owns 1,699 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 522 shares during the period. Finally, Hughes Financial Services LLC acquired a new position in United Bankshares in the first quarter valued at approximately $60,000. Hedge funds and other institutional investors own 70.80% of the company's stock.

United Bankshares Trading Down 0.9%

Shares of United Bankshares stock traded down $0.35 during trading hours on Thursday, hitting $38.34. The company's stock had a trading volume of 110,085 shares, compared to its average volume of 776,618. United Bankshares, Inc. has a twelve month low of $30.50 and a twelve month high of $44.43. The firm has a fifty day moving average of $36.91 and a 200-day moving average of $35.80. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 13.55 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 (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, topping the consensus estimate of $0.77 by $0.08. United Bankshares had a return on equity of 7.65% and a net margin of 23.14%.The firm had revenue of $306.00 million for the quarter, compared to analyst estimates of $297.98 million. During the same quarter in the prior year, the company earned $0.71 EPS. Research analysts forecast that United Bankshares, Inc. will post 2.81 EPS for the current year.

United Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.48 annualized dividend and a yield of 3.9%. United Bankshares's dividend payout ratio is presently 52.30%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on UBSI shares. Wall Street Zen downgraded United Bankshares from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Zacks Research raised United Bankshares to a "hold" rating in a report on Friday, August 8th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $40.50.

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.