Alps Advisors Inc. Makes New $357,000 Investment in United Bankshares, Inc. (NASDAQ:UBSI)

Alps Advisors Inc. bought a new position in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,310 shares of the financial services provider's stock, valued at approximately $357,000.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of United Bankshares in the 4th quarter valued at approximately $54,712,000. Raymond James Financial Inc. acquired a new stake in United Bankshares during the 4th quarter valued at $14,948,000. JPMorgan Chase & Co. raised its stake in United Bankshares by 39.7% during the 4th quarter. JPMorgan Chase & Co. now owns 830,774 shares of the financial services provider's stock valued at $31,196,000 after purchasing an additional 235,955 shares during the period. Northern Trust Corp lifted its holdings in shares of United Bankshares by 13.7% in the fourth quarter. Northern Trust Corp now owns 1,774,018 shares of the financial services provider's stock valued at $66,614,000 after purchasing an additional 213,441 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of United Bankshares by 52.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 381,062 shares of the financial services provider's stock worth $14,309,000 after buying an additional 130,444 shares during the period. Institutional investors and hedge funds own 70.80% of the company's stock.

United Bankshares Stock Down 0.5%

UBSI traded down $0.18 during trading on Friday, reaching $37.30. 2,669,971 shares of the stock traded hands, compared to its average volume of 677,338. The stock's 50-day simple moving average is $36.61 and its two-hundred day simple moving average is $36.03. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.98. United Bankshares, Inc. has a fifty-two week low of $30.51 and a fifty-two week high of $44.43. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 13.87 and a beta of 0.76.

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

United Bankshares Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on UBSI shares. Keefe, Bruyette & Woods dropped their price target on United Bankshares from $42.00 to $40.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th. Wall Street Zen downgraded United Bankshares from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. One 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 company currently has a consensus rating of "Hold" and a consensus target price of $40.63.

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.