Alps Advisors Inc. Buys Shares of 10,310 United Bankshares, Inc. (NASDAQ:UBSI)

Alps Advisors Inc. acquired a new stake in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,310 shares of the financial services provider's stock, valued at approximately $357,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of United Bankshares by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 14,310,562 shares of the financial services provider's stock worth $537,362,000 after acquiring an additional 115,681 shares during the period. Earnest Partners LLC increased its position in United Bankshares by 0.7% during the fourth quarter. Earnest Partners LLC now owns 4,199,136 shares of the financial services provider's stock worth $157,678,000 after purchasing an additional 29,898 shares during the last quarter. Northern Trust Corp increased its position in United Bankshares by 13.7% during the fourth quarter. Northern Trust Corp now owns 1,774,018 shares of the financial services provider's stock worth $66,614,000 after purchasing an additional 213,441 shares during the last quarter. Norges Bank acquired a new stake in shares of United Bankshares in the fourth quarter worth $54,712,000. Finally, ProShare Advisors LLC increased its position in shares of United Bankshares by 3.9% in the fourth quarter. ProShare Advisors LLC now owns 1,123,987 shares of the financial services provider's stock worth $42,206,000 after acquiring an additional 41,819 shares in the last quarter. 70.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods lowered 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 lowered shares of United Bankshares from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $40.63.

United Bankshares Stock Down 0.5%

NASDAQ UBSI traded down $0.18 during trading hours on Friday, reaching $37.30. 2,669,971 shares of the company traded hands, compared to its average volume of 677,933. United Bankshares, Inc. has a 12 month low of $30.51 and a 12 month high of $44.43. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $5.30 billion, a PE ratio of 13.87 and a beta of 0.76. The company has a 50 day moving average of $36.64 and a two-hundred day moving average of $36.02.

United Bankshares (NASDAQ:UBSI - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.07). United Bankshares had a return on equity of 7.36% and a net margin of 22.35%. The business had revenue of $289.61 million during the quarter, compared to the consensus estimate of $279.02 million. During the same quarter in the previous year, the business posted $0.64 earnings per share. The company's quarterly revenue was up 13.7% compared to the same quarter last year. As a group, equities analysts expect that United Bankshares, Inc. will post 2.81 earnings per share for the current year.

United Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.48 annualized dividend and a yield of 3.97%. United Bankshares's dividend payout ratio is presently 55.02%.

United Bankshares Company 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.