Systematic Financial Management LP Has $15.01 Million Stock Position in United Bankshares, Inc. (NASDAQ:UBSI)

Systematic Financial Management LP increased its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 399,732 shares of the financial services provider's stock after purchasing an additional 8,704 shares during the period. Systematic Financial Management LP owned 0.30% of United Bankshares worth $15,010,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Barclays PLC boosted its stake 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 buying an additional 127,486 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of United Bankshares during the 4th quarter worth $7,383,000. Goldstone Financial Group LLC lifted its stake in shares of United Bankshares by 10.0% in the fourth quarter. Goldstone Financial Group LLC now owns 7,874 shares of the financial services provider's stock valued at $296,000 after purchasing an additional 713 shares during the period. Integrated Investment Consultants LLC boosted its holdings in United Bankshares by 2.2% during the fourth quarter. Integrated Investment Consultants LLC now owns 12,537 shares of the financial services provider's stock worth $471,000 after buying an additional 270 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew 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 buying an additional 608 shares during the period. 70.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Bankshares

In other news, Director Sara Dumond bought 2,600 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were purchased at an average cost 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 in the company, valued at approximately $176,940.54. The trade was a 105.95% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.46% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

UBSI has been the topic of several research analyst reports. Piper Sandler reissued a "neutral" rating and set 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 set a $43.00 target price on shares of United Bankshares in a research report on Monday, January 27th. Keefe, Bruyette & Woods dropped their price target on United Bankshares from $42.00 to $40.00 and set a "market perform" rating for the company in a research report on Monday, April 28th. Finally, Wall Street Zen lowered shares of United Bankshares from a "hold" rating to a "sell" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $40.63.

United Bankshares Trading Down 0.5%

Shares of UBSI traded down $0.18 during trading hours on Friday, hitting $35.95. The stock had a trading volume of 111,643 shares, compared to its average volume of 626,669. The company's fifty day simple moving average is $34.48 and its 200 day simple moving average is $37.23. United Bankshares, Inc. has a 12-month low of $30.51 and a 12-month high of $44.43. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $5.11 billion, a P/E ratio of 13.11 and a beta of 0.74.

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). United Bankshares had a net margin of 22.94% and a return on equity of 7.60%. The company had revenue of $289.61 million during the quarter, compared to analyst estimates of $279.02 million. During the same quarter in the prior year, the company posted $0.64 earnings per share. The firm's revenue for the quarter was up 13.7% on a year-over-year basis. Equities research analysts forecast that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $0.37 per share. 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 4.12%. United Bankshares's payout ratio is currently 55.02%.

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.