Regent Peak Wealth Advisors LLC Buys Shares of 50,682 United Bankshares, Inc. (NASDAQ:UBSI)

Regent Peak Wealth Advisors LLC purchased a new position in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 50,682 shares of the financial services provider's stock, valued at approximately $1,757,000.

A number of other institutional investors also recently bought and sold shares of UBSI. SBI Securities Co. Ltd. purchased a new position in United Bankshares during the 4th quarter worth approximately $26,000. Jones Financial Companies Lllp boosted its holdings 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 purchasing an additional 310 shares during the last quarter. Wilmington Savings Fund Society FSB grew its position in 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 worth $54,000 after purchasing an additional 1,364 shares during the period. Nomura Asset Management Co. Ltd. raised 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 valued at $56,000 after buying an additional 400 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of United Bankshares in the 4th quarter valued at about $85,000. 70.80% of the stock is currently owned by institutional investors and hedge funds.

United Bankshares Trading Down 1.6%

Shares of UBSI stock traded down $0.61 during trading on Wednesday, hitting $36.45. 447,242 shares of the stock traded hands, compared to its average volume of 633,079. The firm has a market capitalization of $5.18 billion, a P/E ratio of 13.30 and a beta of 0.76. United Bankshares, Inc. has a 52-week low of $30.51 and a 52-week high of $44.43. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. The firm's fifty day moving average price is $34.90 and its 200-day moving average price is $36.69.

United Bankshares (NASDAQ:UBSI - Get Free Report) last released its 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 firm had revenue of $289.61 million during the quarter, compared to analyst estimates of $279.02 million. During the same period in the prior year, the firm earned $0.64 earnings per share. The business's revenue was up 13.7% compared to the same quarter last year. As a group, research analysts forecast that United Bankshares, Inc. will post 2.81 earnings per share 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 paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Friday, June 13th. United Bankshares's dividend payout ratio (DPR) is presently 55.02%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UBSI. Keefe, Bruyette & Woods lowered their price target on shares of United Bankshares from $42.00 to $40.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. Wall Street Zen lowered shares of United Bankshares from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Finally, Piper Sandler restated a "neutral" rating and issued a $38.50 price target on shares of United Bankshares in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $40.63.

Insider Transactions at United Bankshares

In other United Bankshares news, Director Sara Dumond acquired 2,600 shares of the company's stock in a transaction that occurred on 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 completion of the acquisition, the director now directly owns 5,054 shares of the company's stock, valued at approximately $176,940.54. The trade was a 105.95% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 3.46% of the company's stock.

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.