Vanguard Group Inc. Has $537.36 Million Stock Holdings in United Bankshares, Inc. (NASDAQ:UBSI)

Vanguard Group Inc. increased its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,310,562 shares of the financial services provider’s stock after acquiring an additional 115,681 shares during the quarter. Vanguard Group Inc. owned about 10.58% of United Bankshares worth $537,362,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new position in shares of United Bankshares in the fourth quarter valued at $1,060,000. American Century Companies Inc. grew its stake in United Bankshares by 23.9% in the 4th quarter. American Century Companies Inc. now owns 94,630 shares of the financial services provider’s stock valued at $3,553,000 after buying an additional 18,246 shares during the last quarter. Millstone Evans Group LLC bought a new position in United Bankshares in the 4th quarter valued at about $740,000. Xponance Inc. lifted its position in United Bankshares by 4.9% during the fourth quarter. Xponance Inc. now owns 18,951 shares of the financial services provider’s stock worth $712,000 after acquiring an additional 879 shares during the last quarter. Finally, Horizon Investments LLC bought a new stake in United Bankshares in the 4th quarter valued at $142,000. Institutional investors own 70.80% of the company’s stock.

United Bankshares Stock Performance

Shares of NASDAQ:UBSI opened at $34.67 on Tuesday. United Bankshares, Inc. has a 1 year low of $30.68 and a 1 year high of $44.43. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 12.65 and a beta of 0.98. 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 company’s 50 day simple moving average is $36.52 and its 200 day simple moving average is $38.01.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. United Bankshares had a return on equity of 7.60% and a net margin of 22.94%. During the same period last year, the business posted $0.59 EPS. As a group, research analysts predict that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend is Friday, March 14th. United Bankshares’s payout ratio is 54.01%.

Insider Transactions at United Bankshares

In related news, Director Sara Dumond bought 2,600 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were purchased at an average price of $35.01 per share, with a total value of $91,026.00. Following the completion of the purchase, the director now owns 5,054 shares in the company, valued at $176,940.54. This represents a 105.95 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 3.66% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Stephens reissued an “equal weight” rating and issued a $43.00 price objective on shares of United Bankshares in a report on Monday, January 27th. Keefe, Bruyette & Woods reduced their price target on United Bankshares from $46.00 to $45.00 and set a “market perform” rating on the stock in a research report on Monday, January 27th. StockNews.com cut United Bankshares from a “hold” rating to a “sell” rating in a report on Monday, January 27th. Finally, Piper Sandler reissued a “neutral” rating and set a $38.50 target price on shares of United Bankshares in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $41.88.

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.