Louisiana State Employees Retirement System Takes Position in United Bankshares, Inc. (NASDAQ:UBSI)

Louisiana State Employees Retirement System bought a new stake in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 37,900 shares of the financial services provider's stock, valued at approximately $1,423,000.

Several other institutional investors also recently bought and sold shares of UBSI. US Bancorp DE grew its position in United Bankshares by 2.5% in the 1st quarter. US Bancorp DE now owns 22,234 shares of the financial services provider's stock valued at $774,000 after acquiring an additional 541 shares in the last quarter. Cetera Advisor Networks LLC grew its position in shares of United Bankshares by 41.6% during the first quarter. Cetera Advisor Networks LLC now owns 10,429 shares of the financial services provider's stock worth $364,000 after buying an additional 3,062 shares in the last quarter. Bank of Montreal Can grew its position in shares of United Bankshares by 1.0% during the first quarter. Bank of Montreal Can now owns 36,804 shares of the financial services provider's stock worth $1,303,000 after buying an additional 356 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of United Bankshares by 10.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,987 shares of the financial services provider's stock worth $1,744,000 after buying an additional 4,788 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of United Bankshares by 2.7% during the first quarter. BlackRock Inc. now owns 18,874,678 shares of the financial services provider's stock worth $658,348,000 after buying an additional 495,652 shares in the last quarter. 70.80% of the stock is owned by institutional investors and hedge funds.

United Bankshares Stock Up 3.2 %

Shares of United Bankshares stock traded up $1.05 on Friday, reaching $34.17. 625,053 shares of the company were exchanged, compared to its average volume of 398,128. The stock's 50 day moving average price is $34.31 and its 200-day moving average price is $33.79. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $4.61 billion, a P/E ratio of 12.61 and a beta of 1.00. United Bankshares, Inc. has a 1-year low of $25.35 and a 1-year high of $38.74.

United Bankshares (NASDAQ:UBSI - Get Free Report) last announced its quarterly earnings results on Friday, January 26th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.01. The firm had revenue of $402.85 million during the quarter, compared to the consensus estimate of $258.98 million. United Bankshares had a return on equity of 8.05% and a net margin of 23.84%. During the same period in the prior year, the company posted $0.74 earnings per share. As a group, equities analysts forecast that United Bankshares, Inc. will post 2.64 EPS for the current year.

United Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date was Thursday, March 7th. United Bankshares's dividend payout ratio (DPR) is 54.61%.

Wall Street Analysts Forecast Growth

Separately, Raymond James boosted their price objective on United Bankshares from $38.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, January 5th.

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.