MetLife Investment Management LLC Boosts Holdings in United Bankshares, Inc. (NASDAQ:UBSI)

MetLife Investment Management LLC boosted its position in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 7.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 153,241 shares of the financial services provider's stock after purchasing an additional 10,761 shares during the quarter. MetLife Investment Management LLC owned about 0.11% of United Bankshares worth $5,754,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Integrated Investment Consultants LLC raised its stake in United Bankshares by 2.2% in the fourth 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 holdings in shares of United Bankshares by 10.1% in the 4th quarter. Principal Securities Inc. now owns 3,115 shares of the financial services provider's stock valued at $117,000 after acquiring an additional 285 shares during the period. 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 worth $1,473,000 after acquiring an additional 296 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of 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 last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of United Bankshares by 37.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,480 shares of the financial services provider's stock worth $56,000 after purchasing an additional 400 shares during the last quarter. 70.80% of the stock is owned by institutional investors.

United Bankshares Stock Performance

Shares of NASDAQ:UBSI traded down $0.15 on Tuesday, hitting $34.05. 197,434 shares of the company were exchanged, compared to its average volume of 612,002. The firm has a market capitalization of $4.88 billion, a P/E ratio of 12.43 and a beta of 0.91. 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, Inc. has a 1-year low of $30.51 and a 1-year high of $44.43. The stock's 50 day moving average price is $34.19 and its 200 day moving average price is $37.43.

United Bankshares (NASDAQ:UBSI - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.07). United Bankshares had a net margin of 22.94% and a return on equity of 7.60%. The firm had revenue of $289.61 million for the quarter, compared to analysts' expectations of $279.02 million. During the same quarter in the previous year, the firm posted $0.64 EPS. The firm's revenue for the quarter was up 13.7% compared to the same quarter last year. Sell-side analysts predict that United Bankshares, Inc. will post 2.81 EPS for the current year.

United Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.35%. United Bankshares's payout ratio is currently 55.02%.

Analyst Ratings Changes

A number of brokerages have commented on UBSI. Stephens reiterated an "equal weight" rating and issued a $43.00 target price on shares of United Bankshares in a report on Monday, January 27th. Keefe, Bruyette & Woods decreased their target price on shares of United Bankshares from $42.00 to $40.00 and set a "market perform" rating for the company in a research report on Monday. Piper Sandler reaffirmed a "neutral" rating and issued a $38.50 price target on shares of United Bankshares in a report on Wednesday, March 12th. Finally, StockNews.com lowered United Bankshares from a "hold" rating to a "sell" rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $40.63.

Insider Buying and Selling

In related news, Director Sara Dumond purchased 2,600 shares of the firm's stock in a transaction on Monday, March 24th. The stock was bought at an average cost of $35.01 per share, with a total value of $91,026.00. Following the completion of the acquisition, the director now owns 5,054 shares of the company's stock, valued at $176,940.54. The trade was a 105.95 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.66% of the stock is currently owned by corporate insiders.

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.