Capital Investment Advisors LLC Makes New Investment in United Bankshares, Inc. (NASDAQ:UBSI)

Capital Investment Advisors LLC bought a new stake in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 17,412 shares of the financial services provider's stock, valued at approximately $604,000.

A number of other institutional investors also recently modified their holdings of UBSI. SBI Securities Co. Ltd. acquired a new stake in United Bankshares in the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp lifted its holdings in shares of United Bankshares by 55.8% in the 4th quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider's stock worth $33,000 after purchasing an additional 310 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in United Bankshares by 1,921.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 1,364 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in United Bankshares by 37.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,480 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 400 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in United Bankshares during the fourth quarter worth $85,000. Institutional investors and hedge funds own 70.80% of the company's stock.

United Bankshares Stock Down 3.0%

UBSI stock traded down $1.10 during trading on Friday, reaching $35.23. The stock had a trading volume of 551,101 shares, compared to its average volume of 635,026. United Bankshares, Inc. has a one year low of $30.51 and a one year high of $44.43. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. The company's 50 day moving average is $35.16 and its two-hundred day moving average is $36.55. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 12.86 and a beta of 0.76.

United Bankshares (NASDAQ:UBSI - Get Free Report) last released its 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). United Bankshares had a net margin of 22.94% and a return on equity of 7.60%. The business had revenue of $289.61 million during the quarter, compared to the consensus estimate of $279.02 million. During the same period in the prior year, the company earned $0.64 earnings per share. The business's revenue was up 13.7% on a year-over-year basis. Equities research analysts forecast 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 will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Friday, June 13th. United Bankshares's payout ratio is 55.02%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UBSI. Wall Street Zen lowered shares of United Bankshares from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Piper Sandler reissued a "neutral" rating and issued a $38.50 price objective on shares of United Bankshares in a research note on Wednesday, March 12th. Finally, Keefe, Bruyette & Woods cut their target price 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. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, United Bankshares presently has a consensus rating of "Hold" and a consensus target price of $40.63.

Insider Buying and Selling

In related news, Director Sara Dumond purchased 2,600 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were bought at an average price of $35.01 per share, with a total value of $91,026.00. Following the acquisition, the director now owns 5,054 shares of the company's stock, valued at $176,940.54. This trade represents a 105.95% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.46% of the stock is owned by insiders.

United Bankshares 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.