Focus Partners Wealth Has $1.07 Million Stock Position in United Bankshares, Inc. (NASDAQ:UBSI)

Focus Partners Wealth trimmed its position in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 43.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,239 shares of the financial services provider's stock after selling 19,756 shares during the quarter. Focus Partners Wealth's holdings in United Bankshares were worth $1,065,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of United Bankshares in the 4th quarter valued at $26,000. Jones Financial Companies Lllp lifted its position in shares of United Bankshares by 55.8% during the 4th quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider's stock worth $33,000 after buying an additional 310 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its stake in 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 buying an additional 1,364 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in United Bankshares by 37.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,480 shares of the financial services provider's stock valued at $56,000 after buying an additional 400 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in United Bankshares in the fourth quarter valued at about $85,000. 70.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on UBSI. StockNews.com cut shares of United Bankshares from a "hold" rating to a "sell" rating in a report on Wednesday. Keefe, Bruyette & Woods dropped their price objective on shares of United Bankshares from $42.00 to $40.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. Piper Sandler restated a "neutral" rating and issued a $38.50 target price on shares of United Bankshares in a research report on Wednesday, March 12th. Finally, Stephens reaffirmed an "equal weight" rating and set a $43.00 target price on shares of United Bankshares in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $40.63.

Insider Transactions at United Bankshares

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 acquired at an average cost of $35.01 per share, for a total transaction of $91,026.00. Following the completion of the acquisition, the director now directly owns 5,054 shares of the company's stock, valued at approximately $176,940.54. This trade represents a 105.95% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 3.46% of the stock is owned by company insiders.

United Bankshares Trading Down 3.0%

Shares of UBSI stock traded down $1.12 during mid-day trading on Wednesday, reaching $36.06. 553,738 shares of the stock traded hands, compared to its average volume of 625,704. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 13.16 and a beta of 0.74. 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 stock's fifty day simple moving average is $34.42 and its two-hundred day simple moving average is $37.25. United Bankshares, Inc. has a 1-year low of $30.51 and a 1-year high of $44.43.

United Bankshares (NASDAQ:UBSI - Get Free Report) last issued its quarterly earnings data 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 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 quarter last year, the business earned $0.64 EPS. The firm's quarterly revenue was up 13.7% compared to the same quarter last year. On average, research analysts anticipate that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Friday, June 13th. United Bankshares's payout ratio is currently 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.