Strategic Blueprint LLC Has $931,000 Holdings in United Bankshares, Inc. $UBSI

Key Points

• Strategic Blueprint LLC increased its holdings in United Bankshares, Inc. by 153.3%, owning 25,548 shares valued at approximately $931,000 at the end of Q2 2024.
• Recent analyst reports show varying ratings for United Bankshares, with Piper Sandler setting a price target of $42.50 and an overall average rating of "Hold" for the stock.
• The company declared a quarterly dividend of $0.37 per share, resulting in an annualized yield of 4.1% and a payout ratio of 48.52%.

Strategic Blueprint LLC grew its stake in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 153.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,548 shares of the financial services provider's stock after buying an additional 15,460 shares during the quarter. Strategic Blueprint LLC's holdings in United Bankshares were worth $931,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new position in shares of United Bankshares in the second quarter valued at approximately $25,000. Signaturefd LLC boosted its holdings in shares of United Bankshares by 2,281.0% in the second quarter. Signaturefd LLC now owns 1,000 shares of the financial services provider's stock valued at $36,000 after buying an additional 958 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of United Bankshares by 144.2% in the first quarter. Meeder Asset Management Inc. now owns 1,155 shares of the financial services provider's stock valued at $40,000 after buying an additional 682 shares during the period. CWM LLC boosted its holdings in shares of United Bankshares by 226.9% in the first quarter. CWM LLC now owns 1,651 shares of the financial services provider's stock valued at $57,000 after buying an additional 1,146 shares during the period. Finally, Hughes Financial Services LLC acquired a new position in shares of United Bankshares in the first quarter valued at approximately $60,000. Institutional investors and hedge funds own 70.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UBSI. Piper Sandler set a $42.50 price target on shares of United Bankshares and gave the company an "overweight" rating in a report on Thursday. Zacks Research raised shares of United Bankshares to a "hold" rating in a research report on Friday, August 8th. Finally, Weiss Ratings lowered shares of United Bankshares from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $41.83.

United Bankshares Stock Performance

Shares of UBSI stock opened at $36.43 on Friday. The company's fifty day simple moving average is $37.19 and its 200-day simple moving average is $36.31. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.10. The firm has a market cap of $5.16 billion, a PE ratio of 11.94 and a beta of 0.76. 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 posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.10. United Bankshares had a net margin of 24.37% and a return on equity of 8.23%. The firm had revenue of $324.10 million for the quarter, compared to analyst estimates of $307.78 million. During the same period in the prior year, the firm posted $0.70 earnings per share. Equities research analysts expect that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Friday, September 12th. United Bankshares's dividend payout ratio is 48.52%.

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.

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