United Bankshares, Inc. (NASDAQ:UBSI) Holdings Lifted by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 124,709 shares of the financial services provider's stock after acquiring an additional 11,711 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.09% of United Bankshares worth $4,683,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in UBSI. SBI Securities Co. Ltd. bought a new stake in shares of United Bankshares during the 4th quarter valued at $26,000. Jones Financial Companies Lllp raised 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 valued at $33,000 after purchasing an additional 310 shares during the period. Wilmington Savings Fund Society FSB raised 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 purchasing an additional 1,364 shares during the period. Nomura Asset Management Co. Ltd. raised its position 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 valued at $56,000 after purchasing an additional 400 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of United Bankshares during the 4th quarter valued at $85,000. 70.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Sara Dumond purchased 2,600 shares of the company's 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 purchase, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.46% of the company's stock.

United Bankshares Price Performance

Shares of NASDAQ:UBSI traded down $0.12 on Friday, reaching $36.01. The company's stock had a trading volume of 539,687 shares, compared to its average volume of 630,846. United Bankshares, Inc. has a 52-week low of $30.51 and a 52-week high of $44.43. The company has a market cap of $5.12 billion, a P/E ratio of 13.14 and a beta of 0.74. The company has a 50-day simple moving average of $34.50 and a 200 day simple moving average of $37.18. 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 (NASDAQ:UBSI - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.07). United Bankshares had a return on equity of 7.60% and a net margin of 22.94%. The business had revenue of $289.61 million during the quarter, compared to analysts' expectations of $279.02 million. During the same period in the previous year, the business earned $0.64 earnings per share. The business's quarterly revenue was up 13.7% on a year-over-year basis. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid 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 4.11%. United Bankshares's payout ratio is currently 55.02%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UBSI. Piper Sandler restated a "neutral" rating and set a $38.50 price objective on shares of United Bankshares in a research report on Wednesday, March 12th. Keefe, Bruyette & Woods decreased their price objective on shares of 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 downgraded shares of United Bankshares from a "hold" rating to a "sell" rating in a research report on Wednesday. Finally, Stephens reiterated an "equal weight" rating and issued a $43.00 price target on shares of United Bankshares in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, United Bankshares currently has an average rating of "Hold" and an average target price of $40.63.

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.