United Bankshares, Inc. (NASDAQ:UBSI) Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC lifted its position in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 13.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 193,708 shares of the financial services provider's stock after purchasing an additional 22,308 shares during the period. AQR Capital Management LLC owned 0.14% of United Bankshares worth $7,274,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of UBSI. Integrated Investment Consultants LLC grew its position in shares of United Bankshares by 2.2% during the 4th quarter. Integrated Investment Consultants LLC now owns 12,537 shares of the financial services provider's stock worth $471,000 after buying an additional 270 shares in the last quarter. Principal Securities Inc. increased its position in United Bankshares by 10.1% during the 4th quarter. Principal Securities Inc. now owns 3,115 shares of the financial services provider's stock valued at $117,000 after buying an additional 285 shares in the last quarter. Arizona State Retirement System raised its position in shares of United Bankshares by 0.8% in the 4th quarter. Arizona State Retirement System now owns 39,225 shares of the financial services provider's stock valued at $1,473,000 after purchasing an additional 296 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of United Bankshares by 55.8% during the fourth quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider's stock worth $33,000 after buying an additional 310 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in United Bankshares by 2.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 12,432 shares of the financial services provider's stock worth $467,000 after acquiring an additional 327 shares during the last quarter. 70.80% of the stock is currently owned by hedge funds and other institutional investors.

United Bankshares Stock Performance

UBSI stock traded down $0.30 during midday trading on Friday, hitting $35.52. 339,482 shares of the stock traded hands, compared to its average volume of 621,157. United Bankshares, Inc. has a 1-year low of $30.51 and a 1-year high of $44.43. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. The stock's fifty day simple moving average is $34.06 and its 200-day simple moving average is $37.27. The firm has a market cap of $5.10 billion, a P/E ratio of 12.96 and a beta of 0.74.

United Bankshares (NASDAQ:UBSI - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.59 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 analyst estimates of $279.02 million. United Bankshares had a net margin of 22.94% and a return on equity of 7.60%. United Bankshares's revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business earned $0.64 earnings per share. On average, analysts expect that United Bankshares, Inc. will post 2.81 earnings per share for the current year.

United Bankshares Dividend Announcement

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

Insider Activity at United Bankshares

In other news, Director Sara Dumond acquired 2,600 shares of the business's stock in a transaction on Monday, March 24th. The stock was bought at an average cost of $35.01 per share, for a total transaction of $91,026.00. Following the purchase, the director now owns 5,054 shares in the company, valued at approximately $176,940.54. This represents a 105.95 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.46% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

UBSI has been the subject of several research reports. Piper Sandler restated a "neutral" rating and set a $38.50 price objective on shares of United Bankshares in a research note on Wednesday, March 12th. Stephens reaffirmed an "equal weight" rating and issued a $43.00 price target on shares of United Bankshares in a report on Monday, January 27th. Keefe, Bruyette & Woods reduced their price objective on United Bankshares from $42.00 to $40.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. Finally, StockNews.com downgraded United Bankshares from a "hold" rating to a "sell" rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, United Bankshares presently has an average rating of "Hold" and a consensus target price of $40.63.

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.