United Bankshares, Inc. (NASDAQ:UBSI) Stock Holdings Increased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lifted its stake in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 283.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 162,692 shares of the financial services provider's stock after purchasing an additional 120,294 shares during the quarter. Axxcess Wealth Management LLC owned about 0.12% of United Bankshares worth $6,109,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in UBSI. Fifth Third Bancorp raised its holdings in United Bankshares by 206.0% during the fourth quarter. Fifth Third Bancorp now owns 976 shares of the financial services provider's stock worth $37,000 after purchasing an additional 657 shares during the last quarter. Key Financial Inc raised its stake in shares of United Bankshares by 735.6% during the 3rd quarter. Key Financial Inc now owns 1,830 shares of the financial services provider's stock worth $50,000 after buying an additional 1,611 shares during the last quarter. Hexagon Capital Partners LLC boosted its position in shares of United Bankshares by 449.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,345 shares of the financial services provider's stock worth $51,000 after buying an additional 1,100 shares in the last quarter. Anchor Investment Management LLC acquired a new stake in United Bankshares in the 4th quarter valued at about $95,000. Finally, Covestor Ltd increased its holdings in United Bankshares by 133.7% during the 3rd quarter. Covestor Ltd now owns 3,659 shares of the financial services provider's stock valued at $101,000 after acquiring an additional 2,093 shares in the last quarter. Hedge funds and other institutional investors own 70.80% of the company's stock.

United Bankshares Trading Up 0.4 %

NASDAQ UBSI traded up $0.14 during mid-day trading on Friday, reaching $33.96. 250,378 shares of the stock were exchanged, compared to its average volume of 480,642. The stock has a market capitalization of $4.59 billion, a PE ratio of 12.96 and a beta of 1.01. 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, Inc. has a 1-year low of $25.35 and a 1-year high of $38.74. The business's fifty day simple moving average is $34.08 and its 200 day simple moving average is $34.18.

United Bankshares (NASDAQ:UBSI - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by ($0.01). The business had revenue of $401.39 million for the quarter, compared to analysts' expectations of $256.80 million. United Bankshares had a return on equity of 7.72% and a net margin of 22.51%. During the same period in the prior year, the company earned $0.74 EPS. On average, research analysts anticipate that United Bankshares, Inc. will post 2.63 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 8th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend was Thursday, March 7th. United Bankshares's dividend payout ratio (DPR) is 56.49%.

Analyst Ratings Changes

Several brokerages have issued reports on UBSI. Keefe, Bruyette & Woods reduced their price target on shares of United Bankshares from $40.00 to $38.00 and set a "market perform" rating on the stock in a report on Friday. Raymond James upped their target price on United Bankshares from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Friday, January 5th. Finally, Stephens dropped their price target on United Bankshares from $36.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $37.00.

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.