United Bankshares, Inc. (NASDAQ:UBSI) Holdings Lifted by Northern Trust Corp

Northern Trust Corp lifted its stake in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 13.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,774,018 shares of the financial services provider's stock after purchasing an additional 213,441 shares during the quarter. Northern Trust Corp owned about 1.31% of United Bankshares worth $66,614,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Integrated Investment Consultants LLC increased its stake in United Bankshares by 2.2% during the fourth quarter. Integrated Investment Consultants LLC now owns 12,537 shares of the financial services provider's stock worth $471,000 after acquiring an additional 270 shares during 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 worth $117,000 after purchasing an additional 285 shares in the last quarter. Arizona State Retirement System raised its holdings in United Bankshares by 0.8% in the fourth quarter. Arizona State Retirement System now owns 39,225 shares of the financial services provider's stock valued at $1,473,000 after buying an additional 296 shares during the period. Jones Financial Companies Lllp lifted its position in United Bankshares by 55.8% during the fourth quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider's stock valued at $33,000 after buying an additional 310 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in United Bankshares by 2.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,432 shares of the financial services provider's stock worth $467,000 after buying an additional 327 shares during the period. Hedge funds and other institutional investors own 70.80% of the company's stock.

United Bankshares Stock Down 0.8 %

Shares of UBSI stock traded down $0.30 during mid-day trading on Friday, reaching $35.52. 339,482 shares of the company were exchanged, compared to its average volume of 619,959. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. The business's 50 day simple moving average is $34.06 and its 200 day simple moving average is $37.27. The company has a market capitalization of $5.10 billion, a P/E ratio of 12.96 and a beta of 0.74. United Bankshares, Inc. has a fifty-two week low of $30.51 and a fifty-two week high of $44.43.

United Bankshares (NASDAQ:UBSI - Get Free Report) last released 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). United Bankshares had a return on equity of 7.60% and a net margin of 22.94%. The firm had revenue of $289.61 million for the quarter, compared to the consensus estimate of $279.02 million. During the same period in the prior year, the business earned $0.64 EPS. The company's quarterly revenue was up 13.7% on a year-over-year basis. Research analysts predict 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 issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.17%. The ex-dividend date was Friday, March 14th. United Bankshares's dividend payout ratio (DPR) is 55.02%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods decreased their price target 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, April 28th. Piper Sandler reiterated a "neutral" rating and issued a $38.50 target price on shares of United Bankshares in a research note on Wednesday, March 12th. Stephens reiterated an "equal weight" rating and set a $43.00 target price on shares of United Bankshares in a report on Monday, January 27th. Finally, StockNews.com cut United Bankshares from a "hold" rating to a "sell" rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to MarketBeat.com, United Bankshares has a consensus rating of "Hold" and an average price target of $40.63.

Insider Activity at United Bankshares

In other news, Director Sara Dumond bought 2,600 shares of the firm's stock in a transaction on Monday, March 24th. The stock was purchased at an average price of $35.01 per share, for a total transaction of $91,026.00. Following the transaction, the director now owns 5,054 shares in the company, valued at approximately $176,940.54. This trade represents a 105.95 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.46% of the company's stock.

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.