Jackson Creek Investment Advisors LLC Invests $1.17 Million in United Bankshares, Inc. (NASDAQ:UBSI)

Jackson Creek Investment Advisors LLC purchased a new position in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 31,106 shares of the financial services provider's stock, valued at approximately $1,168,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UBSI. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of United Bankshares by 58.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 91,471 shares of the financial services provider's stock worth $3,435,000 after buying an additional 33,812 shares during the period. Verity Asset Management Inc. lifted its position in United Bankshares by 18.2% during the 3rd quarter. Verity Asset Management Inc. now owns 22,816 shares of the financial services provider's stock worth $629,000 after acquiring an additional 3,506 shares during the period. New York State Common Retirement Fund grew its stake in shares of United Bankshares by 13.3% in the 4th quarter. New York State Common Retirement Fund now owns 664,599 shares of the financial services provider's stock valued at $24,956,000 after purchasing an additional 78,022 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of United Bankshares by 103.9% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,142,091 shares of the financial services provider's stock valued at $42,885,000 after purchasing an additional 581,870 shares during the period. Finally, EP Wealth Advisors LLC raised its stake in shares of United Bankshares by 312.2% during the third quarter. EP Wealth Advisors LLC now owns 83,500 shares of the financial services provider's stock worth $2,304,000 after purchasing an additional 63,245 shares during the last quarter. Hedge funds and other institutional investors own 70.80% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on UBSI. Stephens lowered their price objective on shares of United Bankshares from $36.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday. Raymond James lifted their target price on shares of United Bankshares from $38.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, January 5th.

United Bankshares Price Performance

United Bankshares stock traded down $0.15 during midday trading on Tuesday, reaching $32.46. The company's stock had a trading volume of 683,927 shares, compared to its average volume of 554,804. The firm has a market capitalization of $4.38 billion, a PE ratio of 12.44 and a beta of 1.00. United Bankshares, Inc. has a fifty-two week low of $25.35 and a fifty-two week high of $38.74. The stock's 50 day simple moving average is $34.17 and its 200 day simple moving average is $34.06. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.99 and a current ratio of 1.00.

United Bankshares (NASDAQ:UBSI - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.01). United Bankshares had a net margin of 22.51% and a return on equity of 7.72%. The company had revenue of $401.39 million during the quarter, compared to analysts' expectations of $256.80 million. During the same quarter in the prior year, the business earned $0.74 EPS. On average, equities research analysts forecast that United Bankshares, Inc. will post 2.64 earnings per share for the current year.

United Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were given a dividend of $0.37 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.56%. United Bankshares's payout ratio is 56.49%.

United Bankshares Company 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.