United Bankshares, Inc. (NASDAQ:UBSI) Shares Acquired by Headlands Technologies LLC

Key Points

• Headlands Technologies LLC has increased its holdings in United Bankshares, Inc. by 342.8%, acquiring an additional 7,736 shares in the first quarter, bringing its total ownership to 9,993 shares valued at approximately $346,000.
• During the same period, multiple institutional investors such as Farther Finance Advisors LLC and CWM LLC made significant increases in their stakes in United Bankshares, showing growing interest from the institutional investment community.
• Analysts have recently downgraded United Bankshares’ stock rating, with Wall Street Zen lowering it from "hold" to "sell" and Keefe, Bruyette & Woods reducing their price target from $42.00 to $40.00.

Headlands Technologies LLC raised its position in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 342.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,993 shares of the financial services provider's stock after buying an additional 7,736 shares during the period. Headlands Technologies LLC's holdings in United Bankshares were worth $346,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new position in United Bankshares in the fourth quarter valued at $14,948,000. Northern Trust Corp lifted its holdings in United Bankshares by 13.7% during the 4th quarter. Northern Trust Corp now owns 1,774,018 shares of the financial services provider's stock worth $66,614,000 after buying an additional 213,441 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of United Bankshares by 52.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 381,062 shares of the financial services provider's stock valued at $14,309,000 after purchasing an additional 130,444 shares during the last quarter. Dover Advisors LLC purchased a new stake in shares of United Bankshares in the 1st quarter valued at about $3,015,000. Finally, GAMMA Investing LLC lifted its holdings in shares of United Bankshares by 3,462.3% in the 1st quarter. GAMMA Investing LLC now owns 81,683 shares of the financial services provider's stock valued at $2,832,000 after purchasing an additional 79,390 shares during the last quarter. 70.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on UBSI shares. 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. Wall Street Zen lowered United Bankshares from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st.

United Bankshares Trading Up 3.3%

Shares of UBSI traded up $1.20 during trading hours on Tuesday, hitting $37.08. The stock had a trading volume of 765,372 shares, compared to its average volume of 794,405. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $5.27 billion, a P/E ratio of 13.10 and a beta of 0.79. The company's fifty day simple moving average is $36.47 and its 200 day simple moving average is $35.84. United Bankshares, Inc. has a 12-month low of $30.50 and a 12-month high of $44.43.

United Bankshares (NASDAQ:UBSI - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.08. United Bankshares had a return on equity of 7.65% and a net margin of 23.14%. The firm had revenue of $306.00 million during the quarter, compared to the consensus estimate of $297.98 million. During the same period in the prior year, the firm earned $0.71 EPS. Equities research analysts forecast that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, June 13th. This represents a $1.48 annualized dividend and a dividend yield of 4.0%. United Bankshares's dividend payout ratio (DPR) is currently 52.30%.

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.