GTS Securities LLC Makes New $317,000 Investment in United Bankshares, Inc. (NASDAQ:UBSI)

GTS Securities LLC acquired a new stake in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,448 shares of the financial services provider's stock, valued at approximately $317,000.

A number of other institutional investors have also recently bought and sold shares of UBSI. SBI Securities Co. Ltd. bought a new position in United Bankshares during the fourth quarter valued at about $26,000. Jones Financial Companies Lllp boosted its stake in United Bankshares by 55.8% in the fourth 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 last quarter. Wilmington Savings Fund Society FSB grew its position in shares of United Bankshares by 1,921.1% during 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 acquiring an additional 1,364 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of 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 worth $56,000 after purchasing an additional 400 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of United Bankshares during the 4th quarter worth approximately $85,000. Institutional investors own 70.80% of the company's stock.

United Bankshares Stock Performance

United Bankshares stock traded down $0.13 during mid-day trading on Friday, reaching $36.25. The company's stock had a trading volume of 764,629 shares, compared to its average volume of 632,321. The firm's fifty day moving average price is $34.64 and its two-hundred day moving average price is $36.98. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. United Bankshares, Inc. has a 12-month low of $30.51 and a 12-month high of $44.43. The company has a market capitalization of $5.15 billion, a P/E ratio of 13.23 and a beta of 0.74.

United Bankshares (NASDAQ:UBSI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.59 earnings per share 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 company had revenue of $289.61 million during the quarter, compared to analysts' expectations of $279.02 million. During the same quarter last year, the firm posted $0.64 earnings per share. United Bankshares's revenue for the quarter was up 13.7% compared to the same quarter last year. Sell-side analysts predict that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Friday, June 13th. United Bankshares's dividend payout ratio is presently 55.02%.

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 bought at an average price of $35.01 per share, with a total value of $91,026.00. Following the completion of the purchase, the director now owns 5,054 shares in the company, valued at approximately $176,940.54. The trade was a 105.95% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.66% of the company's stock.

Analyst Ratings Changes

UBSI has been the topic of several research analyst reports. Piper Sandler reiterated a "neutral" rating and issued a $38.50 price objective on shares of United Bankshares in a research note on Wednesday, March 12th. Keefe, Bruyette & Woods dropped 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. 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 given a hold rating to the company. According to data from MarketBeat, the company presently 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.