Strategic Blueprint LLC Invests $350,000 in United Bankshares, Inc. (NASDAQ:UBSI)

Strategic Blueprint LLC acquired a new position in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,088 shares of the financial services provider's stock, valued at approximately $350,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of United Bankshares during the 4th quarter valued at about $26,000. Jones Financial Companies Lllp boosted its stake 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 worth $33,000 after acquiring an additional 310 shares during the period. Farther Finance Advisors LLC grew its stake in United Bankshares by 726.5% in the 1st quarter. Farther Finance Advisors LLC now owns 967 shares of the financial services provider's stock valued at $33,000 after buying an additional 850 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in 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 worth $56,000 after buying an additional 400 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of United Bankshares by 44.4% in the first quarter. Fifth Third Bancorp now owns 1,699 shares of the financial services provider's stock valued at $59,000 after buying an additional 522 shares in the last quarter. 70.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on UBSI shares. Piper Sandler reiterated a "neutral" rating and set a $38.50 price objective on shares of United Bankshares in a research note on Wednesday, March 12th. Wall Street Zen cut shares of United Bankshares from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Finally, Keefe, Bruyette & Woods cut their target price on United Bankshares from $42.00 to $40.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $40.63.

United Bankshares Price Performance

Shares of NASDAQ:UBSI traded down $0.08 during trading on Wednesday, hitting $38.13. 486,909 shares of the company were exchanged, compared to its average volume of 666,750. United Bankshares, Inc. has a 1-year low of $30.51 and a 1-year high of $44.43. The business's 50 day moving average is $36.26 and its 200-day moving average is $36.04. 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 company has a market capitalization of $5.42 billion, a P/E ratio of 14.17 and a beta of 0.76.

United Bankshares (NASDAQ:UBSI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.07). The business had revenue of $289.61 million during the quarter, compared to analyst estimates of $279.02 million. United Bankshares had a net margin of 22.35% and a return on equity of 7.36%. The company's revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 earnings per share. Equities analysts forecast that United Bankshares, Inc. will post 2.81 earnings per share for the current year.

United Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were given a dividend of $0.37 per share. The ex-dividend date was Friday, June 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.88%. United Bankshares's dividend payout ratio (DPR) is 55.02%.

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.