United Bankshares, Inc. $UBSI Stock Holdings Decreased by NewEdge Advisors LLC

NewEdge Advisors LLC lessened its stake in United Bankshares, Inc. (NASDAQ:UBSI) by 23.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,994 shares of the financial services provider’s stock after selling 11,080 shares during the quarter. NewEdge Advisors LLC’s holdings in United Bankshares were worth $1,491,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Inspire Investing LLC grew its stake in United Bankshares by 2.0% in the first quarter. Inspire Investing LLC now owns 12,389 shares of the financial services provider’s stock worth $513,000 after purchasing an additional 245 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in United Bankshares by 24.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,492 shares of the financial services provider’s stock valued at $57,000 after buying an additional 292 shares in the last quarter. Kestra Private Wealth Services LLC raised its stake in United Bankshares by 1.1% during the fourth quarter. Kestra Private Wealth Services LLC now owns 27,609 shares of the financial services provider’s stock valued at $1,060,000 after buying an additional 297 shares in the last quarter. Root Financial Partners LLC lifted its holdings in United Bankshares by 64.4% during the 1st quarter. Root Financial Partners LLC now owns 786 shares of the financial services provider’s stock worth $33,000 after buying an additional 308 shares during the last quarter. Finally, Rothschild Investment LLC lifted its holdings in United Bankshares by 47.5% during the 4th quarter. Rothschild Investment LLC now owns 1,236 shares of the financial services provider’s stock worth $47,000 after buying an additional 398 shares during the last quarter. Institutional investors own 70.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of United Bankshares in a report on Monday, July 6th. Raymond James Financial raised their price objective on United Bankshares from $49.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Wall Street Zen raised shares of United Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Keefe, Bruyette & Woods lifted their price target on shares of United Bankshares from $46.00 to $48.00 and gave the company a “market perform” rating in a report on Monday, July 27th. Finally, Hovde Group boosted their price objective on shares of United Bankshares from $49.00 to $50.00 and gave the company a “market perform” rating in a research report on Friday, July 24th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $47.80.

United Bankshares Price Performance

Shares of United Bankshares stock opened at $49.27 on Monday. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 13.43 and a beta of 0.71. United Bankshares, Inc. has a twelve month low of $34.10 and a twelve month high of $49.62. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.10. The business’s 50 day simple moving average is $46.76 and its 200-day simple moving average is $44.06.

United Bankshares (NASDAQ:UBSI) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $35.72 million during the quarter, compared to analyst estimates of $320.07 million. United Bankshares had a return on equity of 9.39% and a net margin of 27.97%.During the same quarter in the previous year, the firm posted $0.85 EPS. Equities research analysts forecast that United Bankshares, Inc. will post 3.71 earnings per share for the current year.

United Bankshares Company Profile

United Bankshares, Inc, headquartered in Charleston, West Virginia, is a bank holding company that provides a full range of financial services through its primary subsidiary, United Bank. The company’s core offerings include retail and commercial banking products such as checking and savings accounts, certificates of deposit, personal and business loans, mortgages, and treasury management services. In addition, United Bankshares delivers private banking, wealth management, trust and fiduciary solutions, and investment advisory services to meet the needs of individual, corporate, and institutional clients.

United Bankshares operates an extensive branch network across West Virginia, Virginia, Maryland, the District of Columbia, Ohio, Pennsylvania, and South Carolina.