United Bankshares, Inc. (NASDAQ:UBSI) Shares Sold by First Trust Advisors LP

First Trust Advisors LP reduced its stake in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 6.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 414,674 shares of the financial services provider's stock after selling 28,859 shares during the period. First Trust Advisors LP owned 0.31% of United Bankshares worth $15,571,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

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

United Bankshares Stock Up 2.2 %

NASDAQ UBSI traded up $0.75 on Friday, hitting $35.22. The stock had a trading volume of 98,414 shares, compared to its average volume of 615,006. United Bankshares, Inc. has a 52-week low of $30.51 and a 52-week high of $44.43. The business's fifty day moving average price is $34.10 and its 200 day moving average price is $37.37. 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 has a market cap of $5.05 billion, a price-to-earnings ratio of 12.85 and a beta of 0.91.

United Bankshares (NASDAQ:UBSI - Get Free Report) last released its quarterly 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 net margin of 22.94% and a return on equity of 7.60%. The business had revenue of $289.61 million during the quarter, compared to analysts' expectations of $279.02 million. During the same quarter last year, the business posted $0.64 earnings per share. The company's quarterly revenue was up 13.7% compared to the same quarter last year. Equities research analysts anticipate 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. Shareholders of record on Friday, March 14th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 4.20%. United Bankshares's payout ratio is 55.02%.

Insiders Place Their Bets

In other United Bankshares news, Director Sara Dumond acquired 2,600 shares of the company's stock in a transaction dated Monday, March 24th. The shares were acquired at an average cost of $35.01 per share, with a total value of $91,026.00. Following the acquisition, the director now directly owns 5,054 shares of the company's stock, valued at approximately $176,940.54. The trade was a 105.95 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.66% of the company's stock.

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.