Janus Henderson Group PLC Buys 3,100 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Janus Henderson Group PLC increased its stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,534 shares of the financial services provider’s stock after acquiring an additional 3,100 shares during the period. Janus Henderson Group PLC’s holdings in United Bankshares were worth $2,310,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Truist Financial Corp lifted its stake in United Bankshares by 69.8% in the 4th quarter. Truist Financial Corp now owns 22,916 shares of the financial services provider’s stock valued at $860,000 after acquiring an additional 9,418 shares in the last quarter. Barclays PLC grew its stake in shares of United Bankshares by 89.5% during the 3rd quarter. Barclays PLC now owns 269,852 shares of the financial services provider’s stock worth $10,012,000 after acquiring an additional 127,486 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of United Bankshares by 39.7% in the fourth quarter. JPMorgan Chase & Co. now owns 830,774 shares of the financial services provider’s stock valued at $31,196,000 after purchasing an additional 235,955 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of United Bankshares by 12.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,656 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 608 shares in the last quarter. Finally, Alpha Omega Wealth Management LLC bought a new stake in shares of United Bankshares in the fourth quarter worth $250,000. 70.80% of the stock is owned by institutional investors.

United Bankshares Stock Performance

NASDAQ:UBSI opened at $37.18 on Wednesday. The stock’s 50-day moving average is $34.42 and its 200-day moving average is $37.25. United Bankshares, Inc. has a 1-year low of $30.51 and a 1-year high of $44.43. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. The stock has a market cap of $5.28 billion, a P/E ratio of 13.57 and a beta of 0.74.

United Bankshares (NASDAQ:UBSI) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.07). United Bankshares had a net margin of 22.94% and a return on equity of 7.60%. The firm had revenue of $289.61 million during the quarter, compared to analyst estimates of $279.02 million. During the same quarter in the previous year, the firm earned $0.64 EPS. United Bankshares’s quarterly revenue was up 13.7% on a year-over-year basis. Equities research analysts anticipate that United Bankshares, Inc. will post 2.81 earnings per share for the current year.

United Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.48 annualized dividend and a dividend yield of 3.98%. United Bankshares’s payout ratio is 55.02%.

Insider Buying and Selling

In other United Bankshares news, Director Sara Dumond acquired 2,600 shares of the business’s stock in a transaction on Monday, March 24th. The shares were acquired at an average price of $35.01 per share, with a total value of $91,026.00. Following the completion of the transaction, the director now owns 5,054 shares in the company, valued at approximately $176,940.54. This trade represents a 105.95% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 3.46% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on UBSI shares. Piper Sandler restated a “neutral” rating and issued a $38.50 price objective on shares of United Bankshares in a report on Wednesday, March 12th. Stephens restated an “equal weight” rating and issued a $43.00 price target on shares of United Bankshares in a research note on Monday, January 27th. Keefe, Bruyette & Woods lowered their price target on United Bankshares from $42.00 to $40.00 and set a “market perform” rating on the stock in a research report on Monday, April 28th. Finally, StockNews.com cut United Bankshares from a “hold” rating to a “sell” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.63.

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.