NTV Asset Management LLC Grows Position in United Bankshares, Inc. $UBSI

Key Points

• NTV Asset Management LLC raised its stake in United Bankshares by 35.5% in Q4 to 172,025 shares (about $6.61M), adding 45,100 shares during the period.
• Institutional investors own 70.8% of United Bankshares, with large holdings from Dimensional Fund Advisors (7.74M shares) and notable recent buys by First Trust Advisors and Norges Bank.
• Analysts have an average rating of Hold with a consensus target of $44.67; UBSI trades around $41.87, has a P/E of 12.8 and pays a quarterly dividend of $0.38 (≈3.6% yield).

NTV Asset Management LLC raised its stake in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 35.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 172,025 shares of the financial services provider's stock after purchasing an additional 45,100 shares during the period. NTV Asset Management LLC owned 0.12% of United Bankshares worth $6,606,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of United Bankshares by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,741,908 shares of the financial services provider's stock valued at $288,076,000 after purchasing an additional 24,631 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of United Bankshares by 1.2% during the 3rd quarter. Victory Capital Management Inc. now owns 3,624,628 shares of the financial services provider's stock worth $134,872,000 after buying an additional 42,255 shares during the last quarter. First Trust Advisors LP raised its position in shares of United Bankshares by 367.5% in the 2nd quarter. First Trust Advisors LP now owns 1,935,979 shares of the financial services provider's stock worth $70,528,000 after buying an additional 1,521,864 shares during the period. Norges Bank purchased a new position in shares of United Bankshares in the 2nd quarter worth $60,618,000. Finally, Bank of America Corp DE boosted its holdings in United Bankshares by 11.4% in the third quarter. Bank of America Corp DE now owns 1,367,319 shares of the financial services provider's stock valued at $50,878,000 after acquiring an additional 139,646 shares during the last quarter. Hedge funds and other institutional investors own 70.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Keefe, Bruyette & Woods upped their price target on United Bankshares from $40.00 to $43.00 and gave the stock a "market perform" rating in a research note on Monday, January 26th. Zacks Research lowered United Bankshares from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 26th. Piper Sandler reaffirmed an "overweight" rating and issued a $47.00 price objective on shares of United Bankshares in a research note on Monday, January 26th. Stephens boosted their target price on United Bankshares from $40.00 to $44.00 and gave the stock an "equal weight" rating in a report on Friday, January 23rd. Finally, Weiss Ratings raised shares of United Bankshares from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, February 13th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $44.67.

United Bankshares Stock Performance

Shares of UBSI stock opened at $41.87 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.99 and a quick ratio of 0.98. The company's fifty day moving average price is $41.96 and its two-hundred day moving average price is $39.28. The firm has a market capitalization of $5.85 billion, a P/E ratio of 12.80 and a beta of 0.73. United Bankshares, Inc. has a 12 month low of $30.50 and a 12 month high of $45.92.

United Bankshares (NASDAQ:UBSI - Get Free Report) last announced its earnings results on Thursday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.05. United Bankshares had a return on equity of 8.60% and a net margin of 25.51%.The company had revenue of $430.85 million during the quarter, compared to the consensus estimate of $315.50 million. During the same period last year, the firm earned $0.69 earnings per share. 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, March 13th. This represents a $1.52 annualized dividend and a yield of 3.6%. United Bankshares's payout ratio is currently 46.48%.

United Bankshares Company Profile

United Bankshares, Inc, headquartered in Charleston, West Virginia, is a bank holding company that provides a full range of financial services through its primary subsidiary, United Bank. The company's core offerings include retail and commercial banking products such as checking and savings accounts, certificates of deposit, personal and business loans, mortgages, and treasury management services. In addition, United Bankshares delivers private banking, wealth management, trust and fiduciary solutions, and investment advisory services to meet the needs of individual, corporate, and institutional clients.

United Bankshares operates an extensive branch network across West Virginia, Virginia, Maryland, the District of Columbia, Ohio, Pennsylvania, and South Carolina.

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