8,448 Shares in United Bankshares, Inc. (NASDAQ:UBSI) Bought by GTS Securities LLC

GTS Securities LLC purchased a new position in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,448 shares of the financial services provider's stock, valued at approximately $317,000.

Several other hedge funds have also made changes to their positions in the business. Barclays PLC grew its holdings in shares of United Bankshares by 89.5% in the third quarter. Barclays PLC now owns 269,852 shares of the financial services provider's stock valued at $10,012,000 after purchasing an additional 127,486 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in United Bankshares by 12.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,656 shares of the financial services provider's stock valued at $214,000 after buying an additional 608 shares during the period. Brighton Jones LLC grew its stake in shares of United Bankshares by 4.6% in the fourth quarter. Brighton Jones LLC now owns 16,873 shares of the financial services provider's stock worth $634,000 after acquiring an additional 748 shares in the last quarter. KBC Group NV increased its position in shares of United Bankshares by 61.7% during the fourth quarter. KBC Group NV now owns 5,916 shares of the financial services provider's stock worth $222,000 after acquiring an additional 2,258 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of United Bankshares by 2.2% during the fourth quarter. Pacer Advisors Inc. now owns 20,108 shares of the financial services provider's stock worth $755,000 after acquiring an additional 432 shares during the period. Institutional investors and hedge funds own 70.80% of the company's stock.

United Bankshares Stock Down 0.8%

Shares of UBSI traded down $0.29 during midday trading on Monday, reaching $35.85. The stock had a trading volume of 452,884 shares, compared to its average volume of 631,603. The company has a market cap of $5.09 billion, a price-to-earnings ratio of 13.08 and a beta of 0.74. The company's fifty day simple moving average is $34.65 and its two-hundred day simple moving average is $36.90. United Bankshares, Inc. has a 1-year low of $30.51 and a 1-year high of $44.43. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98.

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

United Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a $0.37 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.13%. United Bankshares's payout ratio is currently 55.02%.

Insider Transactions at United Bankshares

In other United Bankshares news, Director Sara Dumond purchased 2,600 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was purchased at an average cost of $35.01 per share, with a total value 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 $176,940.54. This trade represents a 105.95% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on UBSI shares. Piper Sandler reiterated a "neutral" rating and issued a $38.50 target price on shares of United Bankshares in a report on Wednesday, March 12th. Wall Street Zen lowered United Bankshares from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Finally, Keefe, Bruyette & Woods decreased their price objective on 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. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $40.63.

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.