United Bankshares, Inc. (NASDAQ:UBSI) Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp boosted its holdings in United Bankshares, Inc. (NASDAQ:UBSI) by 206.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 976 shares of the financial services provider’s stock after buying an additional 657 shares during the quarter. Fifth Third Bancorp’s holdings in United Bankshares were worth $37,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Staley Capital Advisers Inc. grew its position in United Bankshares by 0.8% in the fourth quarter. Staley Capital Advisers Inc. now owns 46,050 shares of the financial services provider’s stock worth $1,865,000 after buying an additional 351 shares during the last quarter. Bank of Montreal Can boosted its stake in United Bankshares by 1.0% in the 1st quarter. Bank of Montreal Can now owns 36,804 shares of the financial services provider’s stock worth $1,303,000 after purchasing an additional 356 shares during the period. Mariner LLC grew its position in United Bankshares by 3.9% during the 4th quarter. Mariner LLC now owns 10,407 shares of the financial services provider’s stock worth $421,000 after purchasing an additional 395 shares in the last quarter. Systematic Financial Management LP raised its stake in United Bankshares by 0.3% during the 1st quarter. Systematic Financial Management LP now owns 174,335 shares of the financial services provider’s stock valued at $6,137,000 after purchasing an additional 450 shares during the period. Finally, Inspire Investing LLC raised its stake in United Bankshares by 4.9% during the 3rd quarter. Inspire Investing LLC now owns 11,099 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 522 shares during the period. Institutional investors and hedge funds own 70.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Raymond James raised their target price on United Bankshares from $38.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th.

United Bankshares Trading Up 0.3 %

Shares of NASDAQ:UBSI opened at $33.25 on Friday. The firm has a fifty day moving average of $34.53 and a two-hundred day moving average of $33.46. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.37. United Bankshares, Inc. has a 12-month low of $25.35 and a 12-month high of $38.74. The firm has a market capitalization of $4.49 billion, a P/E ratio of 12.27 and a beta of 1.00.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Friday, January 26th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.01. United Bankshares had a return on equity of 8.05% and a net margin of 23.84%. The business had revenue of $402.85 million during the quarter, compared to analyst estimates of $258.98 million. During the same period last year, the company earned $0.74 earnings per share. On average, equities analysts expect that United Bankshares, Inc. will post 2.64 EPS for the current fiscal year.

United Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.48 annualized dividend and a dividend yield of 4.45%. United Bankshares’s dividend payout ratio is 54.61%.

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.