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

Focus Partners Wealth reduced its position in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 43.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UBSI. SBI Securities Co. Ltd. bought a new position in United Bankshares during the 4th quarter valued at $26,000. Jones Financial Companies Lllp grew 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 acquiring an additional 310 shares during the last quarter. Wilmington Savings Fund Society FSB grew its holdings in shares of 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 worth $54,000 after acquiring an additional 1,364 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of 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 acquiring an additional 400 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of United Bankshares in the 4th quarter worth $85,000. 70.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

UBSI has been the topic of a number of recent research reports. Piper Sandler restated a "neutral" rating and issued a $38.50 target price on shares of United Bankshares in a report on Wednesday, March 12th. Keefe, Bruyette & Woods decreased their target price on United Bankshares from $42.00 to $40.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. Stephens restated an "equal weight" rating and issued a $43.00 target price on shares of United Bankshares in a report on Monday, January 27th. Finally, Wall Street Zen cut United Bankshares from a "hold" rating to a "sell" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $40.63.

Insider Activity

In other news, Director Sara Dumond acquired 2,600 shares of United Bankshares stock in a transaction that occurred on Monday, March 24th. The stock was purchased at an average price of $35.01 per share, with a total value of $91,026.00. Following the completion of the transaction, the director now owns 5,054 shares in the company, valued at approximately $176,940.54. This trade represents a 105.95% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.46% of the stock is currently owned by corporate insiders.

United Bankshares Stock Down 0.3%

Shares of UBSI stock traded down $0.12 on Friday, reaching $36.01. 539,687 shares of the company's stock traded hands, compared to its average volume of 629,523. United Bankshares, Inc. has a 12-month low of $30.51 and a 12-month high of $44.43. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $5.12 billion, a P/E ratio of 13.14 and a beta of 0.74. The business's 50 day moving average price is $34.50 and its two-hundred day moving average price is $37.22.

United Bankshares (NASDAQ:UBSI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.59 earnings per share 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 for the quarter, compared to analysts' expectations of $279.02 million. During the same quarter in the prior year, the firm posted $0.64 EPS. The business's quarterly revenue was up 13.7% compared to the same quarter last year. On average, equities analysts forecast that United Bankshares, Inc. will post 2.81 earnings per share for the current 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 issued a dividend of $0.37 per share. The ex-dividend date is Friday, June 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.11%. United Bankshares's dividend payout ratio is 55.02%.

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.