Mutual of America Capital Management LLC Has $3.13 Million Stock Position in United Bankshares, Inc. (NASDAQ:UBSI)

Mutual of America Capital Management LLC reduced its position in United Bankshares, Inc. (NASDAQ:UBSI) by 4.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 83,397 shares of the financial services provider’s stock after selling 4,334 shares during the period. Mutual of America Capital Management LLC’s holdings in United Bankshares were worth $3,132,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE lifted its holdings in United Bankshares by 2.5% during the first quarter. US Bancorp DE now owns 22,234 shares of the financial services provider’s stock worth $774,000 after acquiring an additional 541 shares in the last quarter. Cetera Advisor Networks LLC lifted its holdings in United Bankshares by 41.6% during the first quarter. Cetera Advisor Networks LLC now owns 10,429 shares of the financial services provider’s stock worth $364,000 after acquiring an additional 3,062 shares in the last quarter. Bank of Montreal Can lifted its holdings in United Bankshares by 1.0% during the first quarter. Bank of Montreal Can now owns 36,804 shares of the financial services provider’s stock worth $1,303,000 after acquiring an additional 356 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in United Bankshares by 10.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,987 shares of the financial services provider’s stock worth $1,744,000 after acquiring an additional 4,788 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in United Bankshares by 2.7% during the first quarter. BlackRock Inc. now owns 18,874,678 shares of the financial services provider’s stock worth $658,348,000 after acquiring an additional 495,652 shares in the last quarter. 70.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Raymond James lifted their target price 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 Stock Performance

Shares of United Bankshares stock opened at $32.57 on Thursday. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 12.02 and a beta of 1.00. The stock’s 50-day moving average is $34.36 and its 200-day moving average is $33.66. United Bankshares, Inc. has a one year low of $25.35 and a one year high of $38.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.98 and a quick ratio of 0.98.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings results on Friday, January 26th. The financial services provider reported $0.66 EPS 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 analyst estimates of $258.98 million. United Bankshares had a return on equity of 8.05% and a net margin of 23.84%. During the same period in the previous year, the company posted $0.74 earnings per share. Equities analysts predict that United Bankshares, Inc. will post 2.64 earnings per share for the current fiscal year.

United Bankshares Dividend Announcement

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 $0.37 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.54%. United Bankshares’s dividend payout ratio (DPR) is 54.61%.

United Bankshares 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.