Mirae Asset Global Investments Co. Ltd. Acquires 33,812 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 58.6% during the fourth quarter, Holdings Channel reports. The fund owned 91,471 shares of the financial services provider’s stock after purchasing an additional 33,812 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in United Bankshares were worth $3,435,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Integrated Investment Consultants LLC grew its position in United Bankshares by 40.2% during the 4th quarter. Integrated Investment Consultants LLC now owns 13,513 shares of the financial services provider’s stock worth $507,000 after acquiring an additional 3,873 shares during the last quarter. Fifth Third Bancorp lifted its holdings in United Bankshares by 206.0% during the 4th quarter. Fifth Third Bancorp now owns 976 shares of the financial services provider’s stock worth $37,000 after buying an additional 657 shares in the last quarter. AlphaMark Advisors LLC lifted its holdings in United Bankshares by 8.5% during the 4th quarter. AlphaMark Advisors LLC now owns 8,740 shares of the financial services provider’s stock worth $328,000 after buying an additional 685 shares in the last quarter. Courier Capital LLC acquired a new position in United Bankshares during the 4th quarter worth $217,000. Finally, Pacer Advisors Inc. lifted its holdings in United Bankshares by 79.3% during the 4th quarter. Pacer Advisors Inc. now owns 20,284 shares of the financial services provider’s stock worth $762,000 after buying an additional 8,972 shares in the last quarter. 70.80% of the stock is currently owned by institutional investors.

United Bankshares Stock Up 0.3 %

NASDAQ:UBSI opened at $32.57 on Thursday. The stock’s fifty day moving average price is $34.36 and its two-hundred day moving average price is $33.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $4.40 billion, a price-to-earnings ratio of 12.02 and a beta of 1.00. United Bankshares, Inc. has a 52-week low of $25.35 and a 52-week high of $38.74.

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

United Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend was Thursday, March 7th. United Bankshares’s dividend payout ratio (DPR) is currently 54.61%.

Wall Street Analysts Forecast Growth

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

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.