United Bankshares, Inc. (NASDAQ:UBSI) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC boosted its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 3.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,123,987 shares of the financial services provider's stock after buying an additional 41,819 shares during the quarter. ProShare Advisors LLC owned 0.83% of United Bankshares worth $42,206,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in UBSI. SBI Securities Co. Ltd. purchased a new position in shares of United Bankshares during the fourth quarter worth $26,000. Jones Financial Companies Lllp grew its position in United Bankshares by 55.8% during the 4th quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider's stock worth $33,000 after purchasing an additional 310 shares during the period. Wilmington Savings Fund Society FSB raised its stake in shares of United Bankshares by 1,921.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider's stock valued at $54,000 after buying an additional 1,364 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of United Bankshares by 37.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,480 shares of the financial services provider's stock valued at $56,000 after buying an additional 400 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of United Bankshares in the 4th quarter valued at about $85,000. 70.80% of the stock is owned by hedge funds and other institutional investors.

United Bankshares Price Performance

UBSI traded up $0.10 during trading on Monday, hitting $37.32. The company's stock had a trading volume of 530,532 shares, compared to its average volume of 625,613. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of 13.62 and a beta of 0.74. United Bankshares, Inc. has a twelve month low of $30.51 and a twelve month high of $44.43. The business's fifty day simple moving average is $34.29 and its 200 day simple moving average is $37.25. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11.

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

United Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, June 13th. This represents a $1.48 annualized dividend and a yield of 3.97%. United Bankshares's dividend payout ratio (DPR) is currently 55.02%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Piper Sandler reiterated a "neutral" rating and set a $38.50 price target on shares of United Bankshares in a research report on Wednesday, March 12th. Keefe, Bruyette & Woods dropped their price objective on shares of United Bankshares from $42.00 to $40.00 and set a "market perform" rating on the stock in a research note on Monday, April 28th. Stephens reiterated an "equal weight" rating and issued a $43.00 target price on shares of United Bankshares in a research note on Monday, January 27th. Finally, StockNews.com upgraded shares of United Bankshares from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $40.63.

Insiders Place Their Bets

In other news, Director Sara Dumond bought 2,600 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were acquired at an average price of $35.01 per share, for a total transaction of $91,026.00. Following the completion of the transaction, the director now directly owns 5,054 shares in the company, valued at $176,940.54. The trade was a 105.95% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.46% of the stock is owned by company insiders.

About United Bankshares

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.