Nomura Holdings Inc. Invests $671,000 in United Bankshares, Inc. (NASDAQ:UBSI)

Nomura Holdings Inc. bought a new position in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,868 shares of the financial services provider's stock, valued at approximately $671,000.

Several other hedge funds and other institutional investors also recently modified their holdings of UBSI. Barclays PLC boosted its holdings in United Bankshares by 89.5% in the 3rd quarter. Barclays PLC now owns 269,852 shares of the financial services provider's stock worth $10,012,000 after buying an additional 127,486 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of United Bankshares by 12.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,656 shares of the financial services provider's stock worth $214,000 after acquiring an additional 608 shares in the last quarter. Brighton Jones LLC lifted its position in shares of United Bankshares by 4.6% during 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 boosted its holdings in shares of United Bankshares by 61.7% in 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. grew its position in shares of United Bankshares by 2.2% in the fourth quarter. Pacer Advisors Inc. now owns 20,108 shares of the financial services provider's stock valued at $755,000 after purchasing an additional 432 shares in the last quarter. Institutional investors own 70.80% of the company's stock.

Insider Buying and Selling at United Bankshares

In related news, Director Sara Dumond purchased 2,600 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were purchased at an average price of $35.01 per share, with a total value of $91,026.00. Following the acquisition, the director now directly owns 5,054 shares of the company's stock, valued at approximately $176,940.54. This represents a 105.95% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.46% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on UBSI shares. Keefe, Bruyette & Woods dropped their price objective 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 reiterated an "equal weight" rating and set a $43.00 price target on shares of United Bankshares in a research report on Monday, January 27th. Piper Sandler restated a "neutral" rating and issued a $38.50 price objective on shares of United Bankshares in a research report on Wednesday, March 12th. Finally, Wall Street Zen cut shares of United Bankshares from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat.com, United Bankshares currently has a consensus rating of "Hold" and an average target price of $40.63.

United Bankshares Price Performance

NASDAQ:UBSI traded down $0.12 during trading hours on Monday, hitting $36.01. 539,687 shares of the company's stock traded hands, 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 business's fifty day simple moving average is $34.50 and its two-hundred day simple moving average is $37.15. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. The firm has a market cap of $5.12 billion, a P/E ratio of 13.14 and a beta of 0.74.

United Bankshares (NASDAQ:UBSI - Get Free Report) last released 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 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 EPS. The business's revenue was up 13.7% on a year-over-year basis. On average, research analysts anticipate that United Bankshares, Inc. will post 2.81 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.48 annualized dividend and a yield of 4.11%. United Bankshares's payout ratio is presently 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.