US Bancorp DE Has $1.04 Million Stock Position in United Bankshares, Inc. $UBSI

Key Points

• US Bancorp DE has reduced its stake in United Bankshares, Inc. by 20.1% during the second quarter, resulting in ownership of 28,453 shares valued at approximately $1.04 million.
• United Bankshares reported earnings of $0.85 per share for the last quarter, surpassing analysts' expectations and marking an increase from $0.71 per share in the same quarter last year.
• The company recently paid a quarterly dividend of $0.37, yielding 4.2%, and currently has a payout ratio of 52.30%.

US Bancorp DE trimmed its position in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 20.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,453 shares of the financial services provider's stock after selling 7,171 shares during the quarter. US Bancorp DE's holdings in United Bankshares were worth $1,037,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in UBSI. Ameritas Advisory Services LLC acquired a new stake in shares of United Bankshares during the second quarter worth approximately $25,000. Farther Finance Advisors LLC boosted its holdings in shares of United Bankshares by 726.5% during the first quarter. Farther Finance Advisors LLC now owns 967 shares of the financial services provider's stock worth $33,000 after purchasing an additional 850 shares during the period. Signaturefd LLC boosted its holdings in shares of United Bankshares by 2,281.0% during the second quarter. Signaturefd LLC now owns 1,000 shares of the financial services provider's stock worth $36,000 after purchasing an additional 958 shares during the period. Meeder Asset Management Inc. boosted 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 worth $40,000 after purchasing an additional 682 shares during the period. Finally, CWM LLC boosted its holdings in shares of United Bankshares by 226.9% during the first 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 currently owned by institutional investors and hedge funds.

United Bankshares Price Performance

Shares of United Bankshares stock opened at $35.23 on Friday. The firm has a fifty day simple moving average of $37.33 and a 200-day simple moving average of $36.20. 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, Inc. has a 1-year low of $30.50 and a 1-year high of $44.43. The stock has a market capitalization of $4.99 billion, a price-to-earnings ratio of 12.45 and a beta of 0.76.

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, topping analysts' consensus estimates 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 in the previous year, the company earned $0.71 earnings per share. On average, sell-side analysts expect that United Bankshares, Inc. will post 2.81 earnings per share for the current 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 paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, September 12th. United Bankshares's payout ratio is presently 52.30%.

Wall Street Analyst Weigh In

Several analysts recently commented on UBSI shares. Zacks Research upgraded shares of United Bankshares to a "hold" rating in a report on Friday, August 8th. Weiss Ratings cut shares of United Bankshares from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $40.50.

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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