United Capital Financial Advisors LLC Purchases New Shares in United Bankshares, Inc. $UBSI

United Capital Financial Advisors LLC acquired a new stake in United Bankshares, Inc. (NASDAQ:UBSI) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 22,588 shares of the financial services provider’s stock, valued at approximately $1,035,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of UBSI. Caitong International Asset Management Co. Ltd acquired a new stake in shares of United Bankshares in the third quarter valued at $25,000. Eurizon Capital SGR S.p.A. acquired a new position in United Bankshares during the 4th quarter worth about $26,000. Farther Finance Advisors LLC grew its holdings in United Bankshares by 196.2% during the 4th quarter. Farther Finance Advisors LLC now owns 856 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 567 shares during the last quarter. Root Financial Partners LLC grew 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 acquiring an additional 308 shares during the last quarter. Finally, Allworth Financial LP acquired a new stake in United Bankshares in the 2nd quarter valued at about $43,000. Institutional investors and hedge funds own 70.80% of the company’s stock.

United Bankshares Price Performance

Shares of UBSI stock opened at $47.60 on Friday. United Bankshares, Inc. has a 52-week low of $34.10 and a 52-week high of $49.62. The stock has a market cap of $6.48 billion, a PE ratio of 12.97 and a beta of 0.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 0.98. The firm’s 50 day moving average price is $47.40 and its two-hundred day moving average price is $44.38.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. United Bankshares had a return on equity of 9.39% and a net margin of 27.97%.The company had revenue of $323.82 million for the quarter, compared to the consensus estimate of $320.07 million. During the same quarter in the prior year, the business posted $0.85 EPS. As a group, analysts forecast that United Bankshares, Inc. will post 3.71 EPS for the current year.

United Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, September 11th. United Bankshares’s dividend payout ratio is currently 41.42%.

Analysts Set New Price Targets

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

United Bankshares 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.