United Bankshares, Inc. (NASDAQ:UBSI) Shares Acquired by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. raised its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 30.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,820 shares of the financial services provider's stock after purchasing an additional 7,206 shares during the period. McKinley Carter Wealth Services Inc.'s holdings in United Bankshares were worth $1,069,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Brighton Jones LLC grew its position in United Bankshares by 4.6% during the 4th quarter. Brighton Jones LLC now owns 16,873 shares of the financial services provider's stock worth $634,000 after purchasing an additional 748 shares during the period. Choreo LLC acquired a new stake in United Bankshares during the 4th quarter worth about $206,000. Wilmington Savings Fund Society FSB grew its position in United Bankshares by 1,921.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider's stock worth $54,000 after purchasing an additional 1,364 shares during the period. Kestra Private Wealth Services LLC acquired a new stake in United Bankshares during the 4th quarter worth about $419,000. Finally, Rhumbline Advisers boosted its stake in shares of United Bankshares by 1.3% during the 4th quarter. Rhumbline Advisers now owns 455,157 shares of the financial services provider's stock worth $17,091,000 after acquiring an additional 6,002 shares in the last quarter. 70.80% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at United Bankshares

In related news, Director Sara Dumond bought 2,600 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was purchased at an average price of $35.01 per share, for a total transaction of $91,026.00. Following the acquisition, the director now owns 5,054 shares of the company's stock, valued at approximately $176,940.54. This trade represents a 105.95% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.46% of the company's stock.

United Bankshares Price Performance

United Bankshares stock traded down $1.10 during midday trading on Friday, reaching $35.23. The company had a trading volume of 551,101 shares, compared to its average volume of 635,026. The company has a market capitalization of $5.00 billion, a P/E ratio of 12.86 and a beta of 0.76. United Bankshares, Inc. has a 12-month low of $30.51 and a 12-month high of $44.43. The firm's fifty day simple moving average is $35.16 and its 200-day simple moving average is $36.51. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98.

United Bankshares (NASDAQ:UBSI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $279.02 million. During the same period in the prior year, the business posted $0.64 earnings per share. The company's quarterly revenue was up 13.7% compared to the same quarter last year. As a group, equities analysts anticipate that United Bankshares, Inc. will post 2.81 EPS for the current year.

United Bankshares Dividend Announcement

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 paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Friday, June 13th. United Bankshares's dividend payout ratio (DPR) is 55.02%.

Analyst Ratings Changes

A number of research firms have recently commented on UBSI. Wall Street Zen cut United Bankshares from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Keefe, Bruyette & Woods dropped their target price on 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. Finally, Piper Sandler restated a "neutral" rating and set a $38.50 target price on shares of United Bankshares in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, United Bankshares currently has a consensus rating of "Hold" and an average target price of $40.63.

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.