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

Capital Investment Advisors LLC acquired a new stake in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,412 shares of the financial services provider's stock, valued at approximately $604,000.

Several other institutional investors and hedge funds have also modified their holdings of UBSI. SBI Securities Co. Ltd. acquired a new stake in United Bankshares in the fourth quarter worth $26,000. Jones Financial Companies Lllp raised its stake in United Bankshares by 55.8% in the 4th quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 310 shares during the period. Wilmington Savings Fund Society FSB raised its position in shares of United Bankshares by 1,921.1% in the fourth 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. boosted its holdings in United Bankshares by 37.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,480 shares of the financial services provider's stock worth $56,000 after buying an additional 400 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of United Bankshares in the fourth quarter valued at $85,000. 70.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

UBSI has been the topic of several analyst reports. Keefe, Bruyette & Woods decreased 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. Piper Sandler reaffirmed a "neutral" rating and issued a $38.50 price target on shares of United Bankshares in a report on Wednesday, March 12th. Finally, Wall Street Zen lowered United Bankshares from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat, United Bankshares has an average rating of "Hold" and an average target price of $40.63.

Insider Buying and Selling

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

United Bankshares Stock Performance

NASDAQ:UBSI traded down $0.45 during trading hours on Thursday, reaching $36.03. The company had a trading volume of 78,843 shares, compared to its average volume of 631,382. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 13.15 and a beta of 0.76. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. United Bankshares, Inc. has a 52 week low of $30.51 and a 52 week high of $44.43. The firm's 50 day moving average price is $34.99 and its 200-day moving average price is $36.69.

United Bankshares (NASDAQ:UBSI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.07). United Bankshares had a return on equity of 7.60% and a net margin of 22.94%. The company had revenue of $289.61 million during the quarter, compared to analysts' expectations of $279.02 million. During the same quarter in the previous year, the company earned $0.64 EPS. The business's quarterly revenue was up 13.7% compared to the same quarter last year. On average, analysts forecast that United Bankshares, Inc. will post 2.81 EPS for the current year.

United Bankshares Dividend Announcement

The company 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 $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.11%. The ex-dividend date is Friday, June 13th. United Bankshares's dividend payout ratio is currently 55.02%.

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.