United Bankshares, Inc. (NASDAQ:UBSI) Shares Purchased by US Bancorp DE

Key Points

• US Bancorp DE increased its stake in United Bankshares, Inc. by 68.8%, owning a total of 35,624 shares worth approximately $1.24 million.
• Wall Street analysts have downgraded United Bankshares from a "hold" to a "sell" rating, with Keefe, Bruyette & Woods lowering their target price from $42.00 to $40.00.
• United Bankshares has declared a quarterly dividend of $0.37 per share, representing an annualized dividend of $1.48 and a yield of 4.1%.

US Bancorp DE boosted its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 68.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,624 shares of the financial services provider's stock after buying an additional 14,516 shares during the period. US Bancorp DE's holdings in United Bankshares were worth $1,235,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in UBSI. Tower Research Capital LLC TRC lifted its stake in United Bankshares by 2.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,432 shares of the financial services provider's stock worth $467,000 after purchasing an additional 327 shares during the last quarter. Cerity Partners LLC lifted its stake in United Bankshares by 0.8% during the first quarter. Cerity Partners LLC now owns 42,211 shares of the financial services provider's stock worth $1,463,000 after purchasing an additional 346 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in United Bankshares by 1.8% during the first quarter. Teacher Retirement System of Texas now owns 20,813 shares of the financial services provider's stock worth $722,000 after purchasing an additional 371 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of United Bankshares by 0.7% in the 4th quarter. Captrust Financial Advisors now owns 73,655 shares of the financial services provider's stock valued at $2,766,000 after acquiring an additional 510 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of United Bankshares by 44.4% in the 1st quarter. Fifth Third Bancorp now owns 1,699 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 522 shares during the last quarter. Institutional investors own 70.80% of the company's stock.

United Bankshares Price Performance

UBSI stock traded up $0.44 during trading on Wednesday, reaching $37.52. The company's stock had a trading volume of 164,670 shares, compared to its average volume of 790,187. United Bankshares, Inc. has a 1 year low of $30.50 and a 1 year high of $44.43. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $5.33 billion, a P/E ratio of 13.27 and a beta of 0.79. The company's fifty day moving average is $36.49 and its 200-day moving average is $35.85.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UBSI. Keefe, Bruyette & Woods lowered their target price 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. Wall Street Zen downgraded United Bankshares from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st.

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.