United Bankshares, Inc. (NASDAQ:UBSI) Stake Raised by Deutsche Bank AG

Deutsche Bank AG grew its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 48.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 113,800 shares of the financial services provider's stock after acquiring an additional 37,372 shares during the period. Deutsche Bank AG owned about 0.08% of United Bankshares worth $4,273,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of UBSI. SBI Securities Co. Ltd. acquired a new stake in shares of United Bankshares during the fourth quarter valued at about $26,000. Jones Financial Companies Lllp grew its stake in shares of United Bankshares by 55.8% during the fourth quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 310 shares in the last quarter. Wilmington Savings Fund Society FSB grew its stake in shares of United Bankshares by 1,921.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider's stock valued at $54,000 after acquiring an additional 1,364 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in United Bankshares by 37.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,480 shares of the financial services provider's stock worth $56,000 after purchasing an additional 400 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in United Bankshares in the fourth quarter worth about $85,000. 70.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on UBSI. Keefe, Bruyette & Woods decreased their price target 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. Piper Sandler reiterated a "neutral" rating and issued a $38.50 price target on shares of United Bankshares in a research note on Wednesday, March 12th. Stephens reiterated an "equal weight" rating and issued a $43.00 price target on shares of United Bankshares in a research note on Monday, January 27th. Finally, Wall Street Zen downgraded United Bankshares from a "hold" rating to a "sell" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $40.63.

United Bankshares Stock Performance

NASDAQ UBSI traded up $0.07 during trading hours on Thursday, reaching $36.13. The company's stock had a trading volume of 683,865 shares, compared to its average volume of 628,698. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. The business has a 50-day simple moving average of $34.48 and a 200 day simple moving average of $37.23. United Bankshares, Inc. has a 52 week low of $30.51 and a 52 week high of $44.43. The stock has a market cap of $5.13 billion, a PE ratio of 13.19 and a beta of 0.74.

United Bankshares (NASDAQ:UBSI - Get Free Report) last issued its earnings results on Thursday, April 24th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.07). United Bankshares had a return on equity of 7.60% and a net margin of 22.94%. The business had revenue of $289.61 million during the quarter, compared to the consensus estimate of $279.02 million. During the same period in the prior year, the business earned $0.64 EPS. The business's revenue was up 13.7% on a year-over-year basis. Equities research analysts predict that United Bankshares, Inc. will post 2.81 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.48 dividend on an annualized basis and a yield of 4.10%. United Bankshares's dividend payout ratio is currently 55.02%.

Insiders Place Their Bets

In other United Bankshares news, Director Sara Dumond bought 2,600 shares of the business's stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.46% of the stock is currently owned by corporate insiders.

About United Bankshares

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.