United Bankshares, Inc. (NASDAQ:UBSI) Holdings Raised by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its stake in United Bankshares, Inc. (NASDAQ:UBSI) by 2.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 48,549 shares of the financial services provider’s stock after purchasing an additional 1,223 shares during the quarter. Yousif Capital Management LLC’s holdings in United Bankshares were worth $1,683,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of UBSI. Brighton Jones LLC grew its position in United Bankshares by 4.6% during the 4th quarter. Brighton Jones LLC now owns 16,873 shares of the financial services provider’s stock worth $634,000 after purchasing an additional 748 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new stake in shares of United Bankshares in the fourth quarter worth $419,000. Rhumbline Advisers grew its holdings in shares of United Bankshares by 1.3% during the fourth quarter. Rhumbline Advisers now owns 455,157 shares of the financial services provider’s stock valued at $17,091,000 after buying an additional 6,002 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of United Bankshares by 10.1% during the fourth quarter. Principal Securities Inc. now owns 3,115 shares of the financial services provider’s stock valued at $117,000 after buying an additional 285 shares in the last quarter. Finally, Truist Financial Corp raised its position in United Bankshares by 69.8% during the fourth quarter. Truist Financial Corp now owns 22,916 shares of the financial services provider’s stock valued at $860,000 after buying an additional 9,418 shares during the period. Hedge funds and other institutional investors own 70.80% of the company’s stock.

United Bankshares Price Performance

UBSI opened at $34.96 on Tuesday. The stock has a fifty day moving average price of $35.23 and a 200 day moving average price of $36.46. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. United Bankshares, Inc. has a 1 year low of $30.51 and a 1 year high of $44.43. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 12.76 and a beta of 0.76.

United Bankshares (NASDAQ:UBSI) last announced its quarterly 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). The firm had revenue of $289.61 million for the quarter, compared to analyst estimates of $279.02 million. United Bankshares had a net margin of 22.94% and a return on equity of 7.60%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.64 earnings per share. Analysts forecast that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Friday, June 13th. United Bankshares’s dividend payout ratio (DPR) is presently 55.02%.

Analyst Ratings Changes

A number of equities research analysts have commented on UBSI shares. Piper Sandler restated a “neutral” rating and set a $38.50 price objective on shares of United Bankshares in a research report on Wednesday, March 12th. Wall Street Zen lowered shares of United Bankshares from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, United Bankshares currently has an average rating of “Hold” and an average target price of $40.63.

Insiders Place Their Bets

In related news, Director Sara Dumond bought 2,600 shares of the business’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 completion of the acquisition, the director now directly owns 5,054 shares in the company, valued at approximately $176,940.54. This represents a 105.95% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.46% of the company’s stock.

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.