American Century Companies Inc. Boosts Holdings in United Bankshares, Inc. (NASDAQ:UBSI)

American Century Companies Inc. raised its position in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 23.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,630 shares of the financial services provider’s stock after acquiring an additional 18,246 shares during the period. American Century Companies Inc. owned approximately 0.07% of United Bankshares worth $3,553,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in UBSI. Integrated Investment Consultants LLC lifted its stake in shares of United Bankshares by 2.2% during the 4th quarter. Integrated Investment Consultants LLC now owns 12,537 shares of the financial services provider’s stock worth $471,000 after acquiring an additional 270 shares during the last quarter. Principal Securities Inc. increased its stake in United Bankshares by 10.1% in the fourth quarter. Principal Securities Inc. now owns 3,115 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 285 shares during the period. Arizona State Retirement System lifted its position in shares of United Bankshares by 0.8% during the fourth quarter. Arizona State Retirement System now owns 39,225 shares of the financial services provider’s stock worth $1,473,000 after purchasing an additional 296 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of United Bankshares by 55.8% during the fourth quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 310 shares during the period. Finally, HighTower Advisors LLC grew its holdings in shares of United Bankshares by 1.7% in the third quarter. HighTower Advisors LLC now owns 19,542 shares of the financial services provider’s stock worth $730,000 after purchasing an additional 332 shares during the last quarter. Hedge funds and other institutional investors own 70.80% of the company’s stock.

Insider Activity

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

United Bankshares Price Performance

NASDAQ:UBSI opened at $31.65 on Monday. The company has a 50 day moving average price of $36.11 and a 200-day moving average price of $37.90. United Bankshares, Inc. has a 1-year low of $30.51 and a 1-year high of $44.43. The firm has a market cap of $4.53 billion, a price-to-earnings ratio of 11.55 and a beta of 0.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates 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 in the previous year, the firm earned $0.59 earnings per share. Equities research analysts forecast that United Bankshares, Inc. will post 2.81 EPS for the current year.

United Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.68%. The ex-dividend date was Friday, March 14th. United Bankshares’s dividend payout ratio is currently 54.01%.

Wall Street Analyst Weigh In

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