United Bankshares, Inc. (NASDAQ:UBSI) Shares Purchased by Deutsche Bank AG

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

Other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. acquired a new stake in shares of United Bankshares in the fourth quarter valued at about $7,383,000. Truist Financial Corp grew its position in shares of United Bankshares by 69.8% in the fourth quarter. Truist Financial Corp now owns 22,916 shares of the financial services provider's stock valued at $860,000 after purchasing an additional 9,418 shares during the period. Barclays PLC grew its position in shares of United Bankshares by 89.5% in the third quarter. Barclays PLC now owns 269,852 shares of the financial services provider's stock valued at $10,012,000 after purchasing an additional 127,486 shares during the period. JPMorgan Chase & Co. grew its position in shares of United Bankshares by 39.7% in the fourth quarter. JPMorgan Chase & Co. now owns 830,774 shares of the financial services provider's stock valued at $31,196,000 after purchasing an additional 235,955 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in United Bankshares by 12.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,656 shares of the financial services provider's stock worth $214,000 after acquiring an additional 608 shares during the last quarter. Institutional investors and hedge funds own 70.80% of the company's stock.

United Bankshares Trading Down 0.3%

NASDAQ:UBSI traded down $0.12 on Friday, hitting $36.01. The stock had a trading volume of 539,687 shares, compared to its average volume of 630,846. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 13.14 and a beta of 0.74. The company has a fifty day moving average price of $34.50 and a two-hundred day moving average price of $37.15. United Bankshares, Inc. has a 1-year low of $30.51 and a 1-year high of $44.43.

United Bankshares (NASDAQ:UBSI - Get Free Report) last posted 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). The firm had revenue of $289.61 million during the quarter, compared to analyst estimates of $279.02 million. United Bankshares had a net margin of 22.94% and a return on equity of 7.60%. The business's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 earnings per share. Equities research analysts expect that United Bankshares, Inc. will post 2.81 earnings per share for the current fiscal year.

United Bankshares Dividend Announcement

The company 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 is Friday, June 13th. This represents a $1.48 annualized dividend and a yield of 4.11%. United Bankshares's payout ratio is 55.02%.

Wall Street Analysts Forecast Growth

UBSI has been the topic of a number of recent research reports. Stephens restated an "equal weight" rating and set a $43.00 price target on shares of United Bankshares in a research report on Monday, January 27th. 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 research report on Monday, April 28th. Wall Street Zen lowered shares of United Bankshares from a "hold" rating to a "sell" rating in a research report on Wednesday. Finally, Piper Sandler restated a "neutral" rating and set a $38.50 price target on shares of United Bankshares in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, United Bankshares currently has an average rating of "Hold" and an average target price of $40.63.

Insider Buying and Selling at United Bankshares

In other news, Director Sara Dumond bought 2,600 shares of the firm's stock in a transaction on Monday, March 24th. The shares were bought at an average cost of $35.01 per share, for a total transaction of $91,026.00. Following the acquisition, the director now directly owns 5,054 shares of the company's stock, valued at $176,940.54. This trade represents a 105.95% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 3.46% of the stock is currently owned by company insiders.

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.