United Bankshares, Inc. $UBSI Stock Position Lifted by Wealthcare Advisory Partners LLC

Key Points

• Wealthcare Advisory Partners LLC increased its stake in United Bankshares, Inc. by 24.4% in Q2, bringing its total holdings to 58,912 shares valued at approximately $2.15 million.
• United Bankshares reported $0.85 earnings per share (EPS) for the last quarter, surpassing forecasts, with a net margin of 23.14% and revenue of $306 million.
• The company declared a quarterly dividend of $0.37 per share, reflecting an annualized yield of 3.9% and a payout ratio of 52.30%.

Wealthcare Advisory Partners LLC boosted its holdings in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 24.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,912 shares of the financial services provider's stock after purchasing an additional 11,560 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in United Bankshares were worth $2,146,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of UBSI. Ameritas Advisory Services LLC bought a new position in shares of United Bankshares in the 2nd quarter worth about $25,000. Farther Finance Advisors LLC lifted its holdings in United Bankshares by 726.5% in the first quarter. Farther Finance Advisors LLC now owns 967 shares of the financial services provider's stock worth $33,000 after acquiring an additional 850 shares during the last quarter. Signaturefd LLC boosted its stake in United Bankshares by 2,281.0% in the second quarter. Signaturefd LLC now owns 1,000 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 958 shares during the period. Meeder Asset Management Inc. grew its holdings in shares of United Bankshares by 144.2% during the first quarter. Meeder Asset Management Inc. now owns 1,155 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 682 shares during the last quarter. Finally, CWM LLC raised its position in shares of United Bankshares by 226.9% during the 1st quarter. CWM LLC now owns 1,651 shares of the financial services provider's stock worth $57,000 after purchasing an additional 1,146 shares during the period. 70.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UBSI has been the subject of a number of analyst reports. Weiss Ratings restated a "buy (b-)" rating on shares of United Bankshares in a research report on Saturday, September 27th. Zacks Research raised shares of United Bankshares to a "hold" rating in a report on Friday, August 8th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, United Bankshares presently has an average rating of "Hold" and an average price target of $40.50.

United Bankshares Stock Up 1.0%

UBSI stock opened at $37.58 on Tuesday. The firm's 50-day moving average is $37.24 and its two-hundred day moving average is $36.13. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 13.28 and a beta of 0.76. United Bankshares, Inc. has a 52 week low of $30.50 and a 52 week high of $44.43. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.10.

United Bankshares (NASDAQ:UBSI - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.08. United Bankshares had a net margin of 23.14% and a return on equity of 7.65%. The business had revenue of $306.00 million during the quarter, compared to analysts' expectations of $297.98 million. During the same period last year, the firm posted $0.71 earnings per share. On average, analysts forecast that United Bankshares, Inc. will post 2.81 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were issued a $0.37 dividend. The ex-dividend date was Friday, September 12th. This represents a $1.48 annualized dividend and a dividend yield of 3.9%. United Bankshares's dividend payout ratio is 52.30%.

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.

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