Hsbc Holdings PLC Acquires 14,460 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Hsbc Holdings PLC lifted its position in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 134.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,202 shares of the financial services provider's stock after acquiring an additional 14,460 shares during the period. Hsbc Holdings PLC's holdings in United Bankshares were worth $948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in United Bankshares by 9.8% during the third quarter. JPMorgan Chase & Co. now owns 594,819 shares of the financial services provider's stock worth $22,068,000 after purchasing an additional 52,949 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of United Bankshares during the fourth quarter worth $7,383,000. Truist Financial Corp increased its holdings in United Bankshares by 69.8% in the fourth quarter. Truist Financial Corp now owns 22,916 shares of the financial services provider's stock valued at $860,000 after buying an additional 9,418 shares in the last quarter. Barclays PLC increased its position in United Bankshares by 89.5% during the third quarter. Barclays PLC now owns 269,852 shares of the financial services provider's stock worth $10,012,000 after buying an additional 127,486 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of United Bankshares by 12.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,656 shares of the financial services provider's stock worth $214,000 after acquiring an additional 608 shares during the period. 70.80% of the stock is owned by institutional investors and hedge funds.

United Bankshares Price Performance

NASDAQ UBSI traded down $0.36 during trading hours on Friday, hitting $35.46. The company had a trading volume of 75,493 shares, compared to its average volume of 617,820. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 12.94 and a beta of 0.74. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. United Bankshares, Inc. has a 52 week low of $30.51 and a 52 week high of $44.43. The firm has a 50 day simple moving average of $34.05 and a 200 day simple moving average of $37.28.

United Bankshares (NASDAQ:UBSI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.59 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.07). United Bankshares had a return on equity of 7.60% and a net margin of 22.94%. The company had revenue of $289.61 million during the quarter, compared to the consensus estimate of $279.02 million. During the same period last year, the business earned $0.64 EPS. The firm's quarterly revenue was up 13.7% compared to the same quarter last year. Equities research analysts expect that United Bankshares, Inc. will post 2.81 earnings per share for the current year.

United Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Friday, March 14th. United Bankshares's payout ratio is 55.02%.

Insider Transactions at United Bankshares

In other news, Director Sara Dumond acquired 2,600 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was purchased at an average cost of $35.01 per share, with a total value of $91,026.00. Following the purchase, the director now directly owns 5,054 shares of the company's stock, valued at approximately $176,940.54. This trade represents a 105.95 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.46% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on UBSI shares. StockNews.com lowered shares of United Bankshares from a "hold" rating to a "sell" rating in a report on Monday, January 27th. Piper Sandler reissued a "neutral" rating and issued a $38.50 price target on shares of United Bankshares in a research note on Wednesday, March 12th. Stephens reissued an "equal weight" rating and set a $43.00 price objective on shares of United Bankshares in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of United Bankshares from $42.00 to $40.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $40.63.

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.